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...

Most Asian Stocks Drop as Trump Trade Policy Sows Uncertainty

Hong Kong, China AFP-Asian equities mostly fell 5 March as investors fret over Donald Trump's ever-changing trade policies amid increasing concern that his tariffs could...

Laos Seeks Larger Share of Global Cassava Market Amid Growing Demand

Laos is aiming to expand its cassava exports and attract more international customers, especially from neighboring countries, following strong trade in recent years. In 2024,...

Hmong Market Farmers in Tasmania Not Immune to Agriculture Industry Changes

ABC - Farming is what Dee Thao's family is best known for. Members of her Hmong community are familiar to most Tasmanian market-goers looking...

Vientiane Announces Potential Water Shortages, Calls for Preservation Efforts

The Water Supply Enterprise of Vientiane Capital issued a statement on 5 March, announcing that water production during the hot season will likely be...

Japan Grants Funds for Infrastructure Repairs in Laos

In September 2024, Typhoon Yagi swept across Laos, primarily affecting the northern regions. The storm caused widespread devastation, leaving a trail of destruction in...

Low Wages, High Costs: Lao Workers Struggle as Economic Pressures Mount

State government worker Noy, who also works as a part-time taxi driver, struggles to make ends meet on Laos' minimum wage.  With a monthly salary...