Banque pour le Commerce Exterieur Lao (BCEL) has signed an agreement with Krungsri Leasing Services granting use of its electronic banking services to customers of Krungrsri. Customers of Krungsri will be able to take advantage of popular BCEL e-banking applications such as BCEL One and I-bank after the two banking systems are linked. The deal […]
Read MoreKASIKORNBANK has extended Bt3 billion in a syndicated loan to Laos’ state power enterprise to finance the enhancement of its electricity grid and expansion into the country’s rural areas, as well as power exports to adjacent countries. The move marks KBank’s growing role in public-utility development in Thailand’s neighbouring countries, where there is vast room […]
Read MoreIN ANTICIPATION of 2018 being a Visit Laos Year, the Minister of Information, Culture and Tourism has called on tourism agencies to start preparing activities for inclusion in the official programme. Bosengkham Vongdara made the call at a meeting this week on information, culture and tourism that was attended by representatives from across the country. […]
Read MoreThe inflation rate in Laos jumped to 2.49 percent in December 2016, which is considered to be the highest rate in two years. Inflation has been rising gradually over the past three or four months and there is no sign that it will go down, economists say. Speaking to Vientiane Times on Monday, a senior […]
Read MoreLaotians have spent less money on goods in Thailand after Vientiane imposed a 10% value-added tax late last year, a Lao customs official said on Thursday. Soutchai Inthavong, deputy chief of the customs international checkpoint at the Friendship Bridge, said the number of Laotians crossing the bridge to Thailand remained unchanged after the Lao government […]
Read MoreThe Nong Or project to develop a tourism site in Sikhottabong district, Vientiane will commence construction in the near future after a project design model was selected recently. The project is now awaiting approval from the Vientiane authorities after the developer, Kanghua Investment Co., Ltd, proposed the model, one of the project’s partners told local […]
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