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...

Thailand Postpones Tourism Tax Again, Now Unlikely Before 2026

Thailand’s long-anticipated “Tourism tax,” often referred to as the “land entry tax,” has been delayed once again, with officials now targeting the second or...

Tripartite Cooperation Accelerates: Promoting Logistics and Tourism along the China-Laos-Thailand Railway

A press conference convened in Thailand's Khon Kaen on 14 July to promote the forthcoming Logistics and Tourism Promotion Meeting along the China-Laos-Thailand Railway,...

Vientiane’s BRT Project Reaches Over 80% Completion

Vientiane’s Bus Rapid Transit (BRT) project has now reached 81.5 percent completion as of early June, with construction teams focusing on final-phase upgrades to...

Vientiane Approves Stricter Waste Management Rules With Fines for Violators

The Vientiane Capital People’s Council has approved a new Agreement on Waste Management and Disposal, introducing sweeping reforms and stricter penalties aimed at reducing...

Laos Begins Compensation Process for Railway-Affected Residents

The Lao government has begun compensating residents whose land and property have been affected by the Lao-Thai Railway Project, despite ongoing delays in updating...

Laos Launches New Training Program to Empower Underprivileged Lao Youth

Underprivileged Lao youths are set to receive skills training and job preparation through a newly launched initiative designed to improve living conditions and close...