Laos saw the year-on-year inflation rate moving up from 3.81 per cent in August to 4.17 per cent in September, while month-on-month inflation fell 0.50 per cent from the 0.59 per cent recorded in August. The overall inflation rate for the past nine months of this year was 3.33 per cent, according to the update […]
Read MoreMembers of the National Assembly and People’s Provincial Assemblies have asked the government to reassess the structure of fuel pricing. The Second Ordinary Session of the National Assembly’s Ninth Legislature took place in Vientiane Capital last week, where members of the National Assembly expressed their views on a variety of topics, including the problem of […]
Read MoreEconomists and lawmakers in Laos have called for the government to capitalise on the benefits offered by the Laos-China railway to boost economic growth, while doing more to lower the inflation rate. With the railway attracting the attention of foreign visitors and investors, the government needs to expedite the vaccination programme and reopen the country […]
Read MoreThe Ministry of Labor has reported that nearly 500,000 people remain unemployed across the nation this year, including those already in the country and migrant workers who have returned to Laos due to the Covid-19 pandemic. Laos has a total of 496,000 unemployed, with 439,082 local employees and 56,918 migrant workers returning from overseas, KPL reports. […]
Read MoreThe government of Laos has announced an increase in fuel prices effective tomorrow following a recent fuel shortage. According to a notice issued by the Ministry of Industry and Commerce, the price of fuels across Laos is to increase tomorrow. Premium gasoline in Vientiane Capital is to increase tomorrow by LAK 840 per liter, while regular gasoline […]
Read MoreThe Lao government has reported a foreign currency outflow of over USD 303 million in the first nine months of this year. According to a report by Lao Youth Radio, Laos recorded a foreign currency outflow of approximately USD 34 million per month this year. Governor of the Bank of Laos, Mr. Sonexay Sitphaxay, told the National […]
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