The government will take further action to stabilise currency exchange rates and inflation, rein in rising prices, and foster trade and investment, in a bid to revive the economy and overcome the financial crisis. The intention to more forcefully tackle the country’s continuing economic woes was made clear during the government’s monthly meeting on Friday, […]
Read MoreThe power generation arm of Ch Karnchang Plc, Thailand’s second-largest construction company, CK Power Plc (CKP), witnessed a profit growth of 11.8% to a record high of THB 2.4 billion in 2022. Despite an increase in energy prices globally, the company saw an unprecedented rise in profits thanks to electricity sales from hydropower plants and […]
Read MoreThe Bank of the Lao PDR (BOL) has issued a decision on foreign exchange rate setting to guide commercial banks in foreign currency trading in the country. Commercial Banks now have more flexible margins for buying and selling foreign currencies, stabilizing the value of the Lao currency (LAK). More specifically, commercial banks are allowed to […]
Read MoreThe Bank of the Lao PDR (BOL) has issued a new Decision on the setting of currency exchange rates, as a guideline for commercial banks trading in foreign currencies. The move is aimed at enabling commercial banks to operate with a degree of flexibility in the purchase and sale of foreign currencies, thus helping to […]
Read MoreThe value of two-way trade between Laos and Cambodia reached US$210 million in 2022, up from US$160 million in 2021, according to a report in the Phnom Penh Post. “Market platform Trading Economics indicates that imports from Laos of items in the “mineral fuels, oils, distillation products” category – or Chapter 27 of the Harmonised […]
Read MorePrime Minister of Laos Mr. Sonexay Siphandone was in talks with his Cambodian counterpart, Mr. Hun Sen during his recent official visit about the possibility of building a high-speed railway connecting both countries and also other nations in the region. According to Cambodianess, not only did the two prime ministers sign agreements and action plans to […]
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Thailand
