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...

Government Considers Primary School Extension to Enhance Education System

The Lao government is considering a major change to the country's education structure, with plans to extend primary school by adding an additional year,...

Inflation in Laos Drops to 11.2% in March

Laos’ inflation rate eased to 11.2 percent in March, down from 12.7 percent in February and 15.5 percent in January, according to the Lao...

Women with Disabilities Association Brings Lao Handicrafts to the Global Stage

The Women With Disability Association (WWDA) is leading an initiative to provide opportunities for women with disabilities in Laos.  The initiative, largely funded by the...

ASEAN Unveils Guidelines for Agroecology Transitions

Member states of the Association of Southeast Asian Nations (ASEAN), in collaboration with key international partners, have officially launched the ASEAN Guidelines for Agroecology...

Australian Ambassador Pushes for Deeper Laos-Australia Economic Engagement

Australian Ambassador to Laos, Megan Jones, has called for stronger trade and investment ties between Australia and Laos, stressing the importance of opportunities in...

ASEAN Center for Energy Launches Net Zero Emissions Roadmap for Laos

In line with Laos’ commitment to achieving net-zero emissions by 2050, as outlined in its Nationally Determined Contribution (NDC), the ASEAN Centre for Energy...