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Laos: Oil pipeline project to cut petrol prices

A planned oil pipeline project connecting a Vietnamese harbour to the central province of Khammuan will reduce oil prices significantly, a feasibility study has shown. The price of gasoline in Khammuan province could be reduced as much as 600 kip per litre – from 7,500 kip per litre to 6,900 kip – once the project […]

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Laos has yet to fully benefit from trade privileges

Although Laos is enjoying Generalised System of Preferences (GSP) exemption from over 50 nations around the world, the country is still unable to fully benefit from the special treatment. The Ministry of Industry and Commerce recently described a number of challenges Laos is facing in order to fully benefit from trade privileges. One of the […]

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Laos: Private investment needed to drive growth: economists

Economists have cautioned that cutting spending could impact Laos’ economic growth, so the government needs to further create favourable conditions to strengthen the private sector. According to the government’s recent report, investment by domestic and foreign businesses represented more than half the entire investment driving the country’s economic growth. A senior economist at the National […]

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Laos’ govt tightens spending to reduce debt burden

Laos’ government has announced that some new development projects planned for this year could be postponed until next year if Laos faces a revenue shortfall in 2017. The government is also committed to tightening budget expenditure by trimming its administrative budget and, if they are considered to be non-essential, the government might not approve new […]

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Laos, Malaysia strengthen ties

Prime Minister ThonglounSisoulith and his delegation are officially visiting Malaysia from May 9-10 at the invitation of Prime Minister Dato’ Sri NajibTun Abdul Razak. This is MrThongloun’s first visit to Malaysia since taking the top government post a year ago. His visit aims to strengthen the long-standing friendship and good cooperation between the two countries. […]

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