While the economy is beginning to recover from the effects of Covid-19, Laos faces stiff challenges associated with long-standing macroeconomic imbalances, according to the World Bank’s latest economic update. Increasing public debt levels and rising global prices are endangering macroeconomic stability and threatening living standards, according to the Lao PDR Economic Monitor — Restoring Macroeconomic Stability to […]
Read MoreA new type of tourism has emerged as a burgeoning fuel crisis sweeps across Laos, with Laotians crossing into Thailand to fill up their vehicles. The full reopening of international borders in Laos on 9 May has allowed cross-border traffic by private car to resume, with some beginning to take advantage of their newfound freedom of movement. […]
Read MoreThe Lao National Chamber of Commerce and Industry has put forward a number of possible solutions to address the fluctuation in currency exchange rates, which has resulted in the ongoing fuel shortage. The continuing depreciation of the kip against the Thai baht and US dollar means businesses have to spend more to buy the foreign […]
Read MoreThe Government of Laos is seeking solutions to the fuel crisis, including finding ways to access the foreign currency desperately needed to bail out fuel importers. The Lao Fuel and Gas Association held its annual meeting yesterday at the Lao National Chamber of Commerce and Industry (LNCC), where government officials and fuel company executives consulted […]
Read MoreLong queues formed at petrol stations across the capital on Tuesday as desperate motorists drove from place to place in a determined attempt to find fuel. Provinces across the country have been suffering shortages for weeks, with early warning signs as Luang Namtha ran out of fuel in late March. The situation worsened in Pakxe […]
Read MoreMotorists in the nation’s capital queued for hours yesterday in the hope of filling up their tanks before pumps ran dry. Provinces across the country have been suffering shortages for weeks, with early warning signs as Luang Namtha ran out of fuel in late March. The situation worsened in Pakse and Savannakhet, before finally hitting Vientiane Capital yesterday […]
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