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...

Inflation Rate Eases to 12.7% in February

Laos’ inflation rate dropped slightly in February to 12.7 percent, down from 15.5 percent in January, according to data from the National Statistics Bureau. In...

Japan Aids Xieng Khouang with Clean Water Supply Grant

Xieng Khouang Province is set to improve access to clean water with support from the Japanese government, which has provided a grant of USD...

Laos Added to Financial Grey List as Concerns Grow

The Financial Action Task Force (FATF) has added Laos to its grey list due to concerns over financial crime enforcement, while the Philippines successfully...

LS Education Expands Global Learning Opportunities for Lao Students

LS Education is striving to provide students with internationally recognized qualifications and opportunities. To bridge the gap between local education and global standards, LS...

Four Dead, Six Injured in South Korean Bridge Collapse

AFP - Four people, including two Chinese nationals, were killed and six injured after a bridge collapsed at an expressway construction site in South...

Laos Lifts 31,000 Families from Poverty Amid Skepticism

By Kheuakham Chanlivong and Phontham Visapra Laos has lifted 31,232 families out of poverty, reaching 89.23 percent of its 2024 target. The progress was shared...