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...

China-Laos Railway Powers Trade, Transports Over 54 Million Tons of Goods

Since its inception in 2021, the China-Laos Railway has transported more than 54 million tons of goods and carried over 48.6 million passengers, strengthening...

Plastic Waste Piles Up in Vientiane, Residents Demand Action

Pictures of plastic waste piling up surfaced on Lao social media in early March, as Vientiane residents voiced their frustration on Facebook over the...

Fortified Rice Project Launched to Help Reduce Malnutrition in Laos

On 6 March, the Government of Laos and the United Nations country representative signed off on a project aiming to strengthen large-scale food fortification...

Luang Prabang Earns Global Recognition for Sustainable Tourism

Laos’ popular world heritage town of Luang Prabang has clinched third place in the Green Destinations Top 100 Story Awards for “Destination Management” at...

Laos Set to Strengthen Pilot Training, Improve Aviation Safety

Laos is set to strengthen its aviation sector through expanded pilot training and safety programs.  Under a new agreement with Partners in Aviation and Communications...

Mining License Issuance Suspended Pending Regulation Improvements

The Lao Ministry of Energy and Mines has temporarily suspended the issuance of new mining licenses, effective 28 February, in order to improve the...