Economy

Laos Cuts 7-Day Base Interest Rate to 7% as Economic Risks Persist

The Bank of Laos (BOL) has cut its seven-day base interest rate from 8 percent to 7 percent a year as inflation remains below the government’s 8 percent target. The Monetary Policy Committee approved the cut at its meeting on 20 August, where it reviewed monetary policy, economic conditions, fuel...

Prime Minister Calls for Tighter Oversight of Boten SEZ Amid Development Challenges

Prime Minister Sonexay Siphandone has called for stronger management of the Boten Special Economic...

Laos-China Railway Trade Surges as Cross-Border Freight Hits New Highs

Trade along the Laos-China Railway continued to grow sharply in the first half of...

Laos Identifies Two New Rare Earth Target Areas Across Four Provinces

Laos has completed field surveys and identified two major potential rare earth target areas...

Laos Studies USD 1 Billion Vientiane-Lidu Industrial Park in Pakngum

On 13 August, Laos agreed to study the development of a new industrial park...

Endangered Wildlife Found Shot in Salavan Despite Stricter Conservation Laws

Salavan Province is once again in the spotlight after the discovery of two protected wildlife species, one Greater Hog Badger and three Red-shanked Douc...

Mobile Phones Fuel Surge in Savings: What the Global Trend Means for Laos

More adults than ever in low- and middle-income countries now have bank or other financial accounts, leading to a rise in formal saving, according...

Vietnamese Company to Grow Coffee, Durian, Blueberries in Pakxong

On 16 July, Champasak Province signed a land concession agreement with Lao-Viet Agriculture Company Limited, allowing the company to farm coffee, durian, and blueberries...

Lao Government to Renegotiate Hydropower Deals Amid Public Outcry Over Electricity Prices

The Lao government has announced plans to renegotiate electricity purchasing agreements with hydropower companies in response to growing public anger over rising power bills.  This...

Laos Wind Farm to Begin Full Operation in Late August, Says Sekong’s Deputy Governor

Commercial operations of the Monsoon Wind Project, Laos’s first and Southeast Asia’s largest onshore wind farm, are expected to begin by late August or...

Laos Makes Steady Progress in Poverty Eradication, Several Districts Declared Poverty-Free

Laos continues to make significant strides in poverty eradication, with multiple districts across the country being officially declared poverty-free, bringing the nation closer to...