The government of Laos hopes to earn LAK two trillion in revenue from mining and trading the bitcoin cryptocurrency. Lao Minister of Finance, Bounchom Ubonpaseuth, told the National Assembly on Monday that mining the cryptocurrency could contribute to the LAK 28,963 billion in revenue projected for 2022, according to Vientiane Times. The government of Laos authorized six companies […]
Read MoreDespite increases in the number of new COVID-19 infections, the Lao Government is planning to reopen the country, and calling on people to get adapted to the new situation. Vientiane (VNA) – Despite increases in the number of new COVID-19 infections, the Lao Government is planning to reopen the country, and calling on people to get adapted to […]
Read MoreIn the first 10 months of this year the Lao government has collected 20.436 trillion kip ($2.0 billion) in contributions to the state budget, equal to 74 per cent of the revised target figure of 27.629 trillion kip approved by the National Assembly (NA). Based on the amount collected so far, the Ministry of Finance […]
Read MoreThe State Audit Organization and the State Inspection Authority of Laos have uncovered massive losses of over LAK 1.5 trillion and USD 147,387 this year. The two inspection authorities recently announced they had discovered corruption-related losses totaling trillions of kip this year, by Socio-Economic Newspaper reports. Inspection authorities were able to recover approximately LAK 32 billion, […]
Read MorePlans to reopen Cambodia, Vietnam, Thailand and Myanmar to tourists, along with a new China-Laos high speed rail link are reviving talk of a Mekong travel bubble. Thailand has already welcomed foreigners to sandbox islands such as Phuket and Koh Samui and will open the country to fully vaccinated visitors from at least 10 nations […]
Read MoreThe government of Laos has announced an increase in fuel prices for the sixteenth time this year, bringing the price of regular gasoline to LAK 11,790 per liter. According to a notice issued by the Ministry of Industry and Commerce yesterday, the price of V-power gasoline in Vientiane Capital has climbed to LAK 13,620 per liter, while […]
Read More
Thailand
