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...

Laos Approves Cost-Cutting Road Policy to Boost Infrastructure

The National Assembly has approved a new policy aimed at promoting road construction and repair across the country, as proposed by the Minister of...

Laos Commits LAK 215 Billion to Strengthen Education and Keep Students in School

The Lao government has allocated over LAK 215 billion (approximately USD 9.97 million) to strengthen the country’s education sector, with a focus on increasing...

Oil surges, stocks fall on Middle East fears as Israel strikes Iran

AFP – Oil prices soared and stocks sank Friday after Israel launched "preemptive" strikes on Iran's nuclear and military sites and warned of more...

EssilorLuxottica Expands in Laos with New High-Capacity Lens Facility

EssilorLuxottica, a global leader in the design, production, and distribution of ophthalmic lenses, optical equipment, and eyewear, including both prescription and sunwear, has strengthened...

LOCA Launches Green Bond to Boost EV Use in Laos

LOCA, the Lao-grown ride-hailing and electric mobility startup, has announced the extension of its current fundraising round through the issuance of a USD 2.5...

Salavan Opens First Drug Rehabilitation Center to Combat Substance Abuse

Salavan Province inaugurated its first dedicated drug rehabilitation center on 10 June, marking a significant step in tackling substance abuse and supporting the recovery...