Laos is potentially at risk of illicit financial flows (IFF) but there is no clear evidence to investigate the problem and its possible magnitude, according to researchers. The National Institute for Economic Research unveiled the outcome of a study in Vientiane yesterday, to clarify understanding of illicit financial flows in the natural resource trade in […]
Read MoreThe Ministry of Industry and Commerce has issued new regulations to support the formation and operation of consumer protection associations in Laos. The Lao Law on Consumer Protection, passed by the National Assembly of Lao PDR in June 2010, and promulgated by the country’s President in September 2010, contains provisions for the formation of consumer protection […]
Read MorePublic debt is on the rise for Laos after a drop in revenue collection and an increase in loans amid the Covid-19 pandemic. According to a report in Xinhua, one government official has said that Laos’ public debt could rise to as much as 65 to 68 percent of GDP in 2020 following a steep decline […]
Read MoreVIENTIANE, July 19: The government of Laos has chosen to keep its borders closed to foreign visitors, with testing and medical certification required before travelers can exit the country to ensure it remains free of Covid-19, reports the Laotian Times. Following the case of a Myanmar national who tested positive for Covid-19 after exiting Laos, the […]
Read MoreVIENTIANE, July 19 (The Vientiane Times/ANN): The Prime Minister’s Office has issued a notice to the Ministry of Energy and Mines to reduce residential electricity prices from April to December during the Covid-19 outbreak. Notice No.752 on July 14 follows Prime Minister Thongloun Sisoulith’s advice on July 8 to implement a policy where consumers using […]
Read MoreThe Prime Minister’s Office on Tuesday issued a notice to the Ministry of Energy and Mines to reduce residential electricity prices from April to December during the COVID-19 outbreak. Notice No.752 on July 14 follows Prime Minister Thongloun Sisoulith’s advice on July 8 to implement a policy where consumers using less than 150 kWh per […]
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Thailand
