Laos hopes to issue its own digital currency in the near future as part of cooperation with a Japanese financial technology startup. Nikkei Asia reports that the country intends to explore issuing a digital currency with support from Tokyo-based Soramitsu, a Japanese fintech company involved in a similar effort by Cambodia. The Japanese company and the Bank of […]
Read MoreThe Lao Government has decided to extend lockdown order, the 11th of its kind since April 14, for additional 15 days, starting from October 1. Vientiane (VNA) – The Lao Government has decided to extend lockdown order, the 11th of its kind since April 14, for additional 15 days, starting from October 1. The move was […]
Read MoreEconomic recovery in Laos slowed amid a second wave of the Covid-19 pandemic that has led to lockdowns and lower consumer spending, according to a report released by the Asian Development Bank (ADB). The country’s economy is expected to grow by 2.3% in 2021, compared with the 4.0% expansion forecast in April, according to the Asian […]
Read MoreRaising competitiveness and strengthening the links between agriculture and tourism will contribute to post-Covid 19 recovery and inclusive growth in Laos, according to a report by the Asian Development Bank (ADB) unveiled on Friday. The report, “Developing Agriculture and Tourism for Inclusive Growth in Laos”, examines how higher agricultural productivity and new markets for tourism […]
Read MoreSingapore is to trial the import of electricity from Laos via Thailand and Malaysia following an agreement between Keppel Electric and Electricite du Laos (EDL). The agreement between the two companies is part of the Laos-Thailand-Malaysia-Singapore Power Integration Project (LMTS-PIP) that will see the four governments studying the feasibility of cross-border power trade, Straits Times reports. […]
Read MoreAuthorities in Laos have ordered currency exchange businesses to transition into representatives of commercial banks across the country. According to a notice issued by the Bank of Laos (BOL), all authorized currency exchange businesses operating across the country are to work with authorities to become commercial bank representatives. The government aims to improve the efficiency of foreign […]
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