Residents, markets, and restaurants of Laos struggle to afford meat, particularly pork and beef, as prices continue to rise. According to a report by the Laos Statistics Bureau, pork prices increased from LAK 49,985 per kilogram in January to LAK 70,366 per kilogram in December of last year – a 40 percent increase. For addition, beef […]
Read MoreA new website outlining the steps required to register a business in Laos was launched on Wednesday, expected to assist investors by simplifying the process. With onerous bureaucracy long considered the biggest obstacle to investment in the country, the Inventory Business Licenses Website allows users to search various industries and find out how to begin the registration […]
Read MoreThailand and Laos are in talks about the potential of a China-Laos-Thailand railway link which could reduce cargo transport costs by 30%-50% in three to five years, said the Department of Rail Transport (DRT) on Saturday. Athipu Chitranukroh, deputy director-general of the DRT and Kitjaluck Srinuchsart, deputy director-general of the Customs Department, visited Laos recently to […]
Read MoreThe management of the Golden Triangle Special Economic Zone in Bokeo province is engaged in sweeping infrastructure development, with a focus on hotels, an airport, a waterside market, residential areas, and entertainment facilities. These developments will see the zone become a glamorous and modern tourist destination. One of the bigger developments is the luxurious Kapok […]
Read MoreThe mayor of Vientiane Capital has reported an annual economic growth of 4.83%, with the gross domestic product of the city crossing LAK 62 billion (USD 3 million). The agricultural sector, which made up 13.77% of the GDP, grew by 3.91%. The industrial sector, which made up 49.05% of the city’s GDP, made up 6.54%, […]
Read MoreThe Bank of the Lao PDR (BOL) issued a notice on Friday instructing 113 exchange businesses affiliated with commercial banks to suspend their operations. The notice states that the BOL has revoked the business licenses of the 113 exchange businesses that are associated with six commercial banks in the country. It also instructed the banks to discontinue their contracts […]
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