A total of 233 projects will be implemented under the Poverty Reduction Fund in 2020, of which a majority are infrastructure development schemes. A total of 58 projects will receive funds worth more than 13 billion kip (US$1.4 million) from the Lao government, while 175 projects will be supported by the Swiss Agency for Development […]
Read MoreThe Lao Ministry of Energy and Mines has ordered the temporary suspension of mineral processing plants and hydropower construction projects under a new notice issued yesterday. The notice, signed by Vice Minister of Energy and Mines Thongphat Inthavong, orders the temporary closure of factories and processing plants following the announcement that an employee of Phu […]
Read MoreThe Lao government is to reduce and defer the payment of tax, customs, and other administrative fees during the coronavirus outbreak. Deputy Prime Minister Dr. Sonexay Siphandone stated on Thursday that the government was taking such measures to mitigate economic effects due to the virus outbreak. The vehicle road tax payment deadline will be extended […]
Read More-Many apartment and accommodation owners in the capital are lowering room rental prices for resident workers during the COVID-19 outbreak. The government-ordered temporary closure of factory operations, entertainment venues, restaurants, and many non-essential business activities from April 1-19 will affect the incomes and financial status of many workers from across Laos and beyond. Apartment owner […]
Read MoreLAOS could see its economy grow 6.1 per cent in 2020, with recovery from last year’s natural disasters stymied by the Covid-19 pandemic, a preliminary assessment by the ASEAN+3 Macroeconomic Research Office (AMRO) found. Laos was hit by severe floods in the the second half of the last year, resulting in a lower-than-expected full-year gross domestic […]
Read MoreThe Ministry of Health has stated that Laos is to import face masks from neighboring countries, including Vietnam, China, and Thailand amid a national shortage. Two million face masks will be imported to Laos very soon, according to Lao Minister of Health, Dr. Bounkong Syhavong, as quoted by the Vientiane Times. Masks will be distributed […]
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