The World Bank’s Board of Executive Directors has authorized a USD 132 million project to boost climate-resilient transport connections and regional commerce along an east-west route in northern Laos. The Southeast Asia Regional Economic Corridor and Connectivity Project is designed to complement the Association of Southeast Asian Nations (ASEAN) Master Plan on Connectivity. The new […]
Read MoreThe Ministry of Industry and Commerce and the Lao Fuel and Gas Association are urging members of the public to be frugal in their use of fuel and not to travel unnecessarily, so that enough reserves of petrol are available for use for farming and other essential activities. Careful use of fuel is the only […]
Read MoreLaos posted a trade deficit of 102 million US dollars in April, the first trade shortfall in 2022 following three months of trade surplus. According to the most recent data from the Lao Trade Portal website, the overall value of trade in April was 950 million US dollars, with 424 million US dollars in exports and […]
Read MoreForeign currency outflows have outpaced inflows, resulting in a lack of foreign currency, and making it harder for the economy to import commodities. Vientiane Times reports that Bank of Laos Governor Sonexay Sithphaxay informed the media recently that only 33 percent of the total export value entered the Lao economy through the banking system over the past four months […]
Read MoreThe Bank of the Lao PDR has called out currency manipulators and blamed the importation of unnecessary luxury items as reasons for the current financial crisis. Governor of the Bank of Lao PDR (BOL), Mr. Sonexay Sitphaxay, said in a press conference yesterday that Covid-19 has had a big impact on international currencies, with a […]
Read MoreLaos has recorded more than 2,000 arrivals at land borders and Wattay International Airport following the country’s 9 May reopening. Dr. Kikeo Khaykhamphithoune, Deputy Prime Minister and Head of the National Taskforce for Covid-19 Prevention and Control, inspected the Lao-Thai Friendship Bridge and the airport in Vientiane Capital on Friday, according to Lao National Radio. During his […]
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