The inflation rate in Laos climbed to its highest level in 18 years last month, with prices rising by 12.8 percent from a year ago, according to the latest report from the Lao Statistics Bureau. The fuel crisis, with petrol stations across the country running dry, and the continuing depreciation of the kip are among […]
Read MoreThe rate of inflation in Laos reached 12.8% in May, the highest point in 15 years. According to information provided by the Bank of Laos, inflation has now increased to a five-year high after reaching 10% in January 2016. Increases in the pricing of major commodities such as oil and other imported items are the […]
Read MoreLaos is facing significant economic challenges but has the potential to develop sustainably and more equitably, according to a new World Bank report. The latest Lao PDR Country Economic Memorandum, “Linking Laos, Unlocking Policies”, analyses economic performance over the last 20 years and draws lessons from inside and outside Laos to recommend how the country […]
Read MoreThe government has formed a new taskforce to address the fuel crisis, the spiralling price of consumer goods, and dwindling foreign currency reserves. Prime Minister Phankham Viphavanh on June 6 signed a decision appointing the eight-member taskforce, which is chaired by the Deputy Prime Minister in charge of economic affairs, Dr Sonexay Siphandone. Minister of […]
Read MoreThe Thanaleng Dry Port, part of an integrated logistics facility in the capital Vientiane, has received new financing for its development and equipment costs to modernise and deliver world-class services. The International Finance Corporation (IFC), as the lead arranger, has arranged a financing package of US$67 million to fund the development, construction, and equipment costs […]
Read MoreLaos exported the first large quantity of sticky rice to China from the Southern Vientiane Railway Station. Vientiane Times reports that Indochina Development Partners Lao (IDP) shipped 100 tons of sticky rice to China via the Laos-China railway system at the Southern Vientiane Railway Station. Since 2005, IDP has been investing in rice planting and […]
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