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Laos: Govt borrows more money to address deficit

The government needs 2,420 billion kip to respond to budget expenditure that occurred in the first quarter of this year (January to March), a government leader has said. Of this figure, 957.7 billion kip is owed from the budget deficit in Q1 and the rest constitutes the government’s obligations in paying off loans and bonds. […]

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Laos registers trade surplus in first quarter

Laos has registered a US$95 million trade surplus in the first quarter of 2017 following an historic trade surplus over the 2015-2016 fiscal year, the government told the National Assembly this week. Officially-recorded export over 2017’s first three months was valued at US$1,212 million, while import was recorded at US$1,117 million, the Minister of Planning […]

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Lao Exports Increase Last Year and Get Trade Surplus

(KPL) The country’s exports to neighboring countries last year reached over US$4.1 billion. The Minister of Planning and Investment, Mr Souphanh Keomixay, made a statement at the 3rd Ordinary Session of the National Assembly on April 25. Laos’ exports are electricity, copper, bronze ores, clothes, gold, banana, tobacco, maize and rubber. The Hongsa Mine Mouth […]

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ADB commits assistance to Laos’ goals

INFRASTRUCTURE development for transportation connectivity, telecommunications, along with the power, education and health sectors will all be the focus of Asian Development Bank (ADB) in its continuous assistance to Laos in upcoming years. Director General for ADB’s Southeast Asia Department James Nugent disseminated this plan in his interview with Vientiane Times and Lao News Agency […]

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