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 Ministry Reports Major Reading Gains Among Students in Champasack, Attapeu Provinces

Over 29,000 young students in the southern Champasack and Attapeu provinces have significantly improved their reading abilities, said the Ministry of Education and Sports...

Inflation Eases to 8.3% in May, But Key Prices Remain High

The inflation rate in May stood at 8.3 percent, showing a significant drop from 11.1 percent in April, according to a report from the...

Southeast Asian Nations Express ‘Deep Concern’ Over US Tariffs

By Rebecca BAILEY and Isabelle LEONG/AFP - Southeast Asian leaders expressed "deep concern" over US tariffs Tuesday, as they held a summit with China...

Vientiane, Kunming Hospitals Partner to Boost Cardiac Care in Laos

On 26 May, Mahosot Hospital in Vientiane Capital renewed its partnership with Fuwai Cardiovascular Hospital of Kunming, China, to enhance cardiac care in Laos. The...

Laos Economy Shows Signs of Recovery Amid Fiscal Pressures

Laos’ economy is showing signs of recovery amidst a debt repayment peak, persistent inflation, and structural challenges, the World Bank warns in its latest...

Laos, Malaysia Open New Rail-Sea Trade Corridor

Laos and Malaysia have launched a new trade corridor to improve regional logistics and strengthen economic ties, providing a direct route from Laos to...