The year-on-year inflation rate continues to rise significantly, with 30.01 percent recorded in August this year, according to the latest report from the Lao Statistics Bureau. This is the highest figure recorded in more than two decades, inflicting more hardship on people struggling to earn a living. The consumer price index rose from 23.6 percent […]
Read MoreYear-on-year inflation in Laos increased to 30 percent in August, according to the latest numbers from the Lao Statistics Bureau. The inflation rate for August has been reported at a whopping 30 percent with a 2.5 percent increase from July’s figure of 27.5 percent. The price of food and non-alcoholic beverages has surged by 30.2% […]
Read MoreNo further clarification was offered by the American Credit Rating company which said on its website that this decision was made due to “commercial reasons”. About a month ago, Laos’s credit rating was downgraded to CCC- owing to ever-rising inflation, high external debt, falling currency reserves, and a strong US dollar which has been effectively pushing the […]
Read MoreVIENTIANE:The Laos-China high-speed railway is expected to fulfil Laos’ ambition of becoming a major regional land link offering greater connectivity and better access to trade opportunities. Also known as the Vientiane-Boten railway, the 422km electrified railway is part of China’s Belt and Road Initiative. It runs between the Lao capital of Vientiane and Boten town in […]
Read MoreStrict Covid-19 controls by China have meant cargo trucks from Laos have been unable to deliver freight, leaving thousands of trucks stranded at the border gate in Boten. The problem has been ongoing since the pandemic began, despite round after round of negotiations between Lao and Chinese authorities. President Thongloun Sisoulith even flew to Luang Namtha in […]
Read MoreVietnamese businesses have registered investment capital of US$65.92 million to undertake three projects in Laos during the first six months of this year. This figure is an increase of 2.5 percent compared to the same period last year, Minister of Planning and Investment, Mr Khamjane Vongphosy, has said. Mr Khamjane commented on the increase during […]
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