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...

Lao Government Unveils Four Strategies to Boost Domestic Power Generation

The Lao government has announced four key strategies aimed at accelerating domestic power generation, to address the country’s ongoing electricity shortage.  Speaking at a National...

Laos Shakes Up Cabinet in Sweeping Reform, Names New Central Bank Chief

Laos has carried out a sweeping government reshuffle, replacing or reassigning nine ministers along with the governor of the central bank.  The move follows a...

NEXTPrep Summit 2025 Empowers Nearly 500 Lao Students to Discover Their Next

On 10 May, the inaugural education event NextPrep Summit 2025 brought together more than 480 students from across Laos for a day of inspiration,...

At Least 15 University Students Die in Malaysia Bus Accident

AFP - At least 15 people were killed when a bus carrying university students smashed into a minivan in northern Malaysia early Monday, local...

Eight Companies Vie to Renovate Luang Prabang International Airport

On 3 June, seven international and one local company submitted preliminary qualification documents for the Luang Prabang International Airport Improvement and Development Project, a...

Vocational, Language Education to Grow Under New National Cooperation

A new partnership is set to expand access to education and training for young students across Laos, especially those from ethnic communities. The Research and...