Laos’ year-on-year inflation rate increased to 8.5 percent in March, the highest recorded in some years. According to information provided by the Bank of Laos, inflation has now reached a five-year high after reaching 10% in January 2016. The main drivers of inflation for Laos, which has one of the highest rates of inflation in […]
Read MoreSINGAPORE, April 8 — Jeremy Cheok has just two requirements for anyone willing to work in the restaurant he founded: Two hands and two legs. Age, he said, is not a factor. Yet, he continues to find it tough to hire workers, with even “a couple of old people” who walk by to enquire about […]
Read MoreMANILA, Philippines — The Philippine economy expanded at a slightly faster pace of 5.7 percent last year, the Philippine Statistics Authority (PSA) reported yesterday. The PSA said the country’s gross domestic product (GDP), a measure of economic output, grew by 5.7 percent for the full year 2021. This is slightly higher than the 5.6 percent […]
Read MoreChina has committed to many regional development projects under the Belt and Road Initiative and the LMC with the Mekong-Lancang countries. Thong Mengdavid, a research associate of the Mekong Center for Strategic Studies at the Asian Vision Institute, a think tank in Phnom Penh, told China Daily that China has committed to many regional development projects under […]
Read MoreSome localities have not strictly followed procedures when auctioning land. In some cases, information has leaked out and collusion between organizers and auction participants has occurred. Deputy Minister of Natural Resources and the Environment Le Cong Thanh said at a Government press conference on April 4 that over the last two years, the Covid-19 pandemic […]
Read MoreAn extension of the Laos-Thailand Railway between Thanaleng Station and inner Vientiane is expected to be complete by June this year. An update on the 7.5 km track was delivered at a recent public works and transport sector annual meeting, Vientiane Times reports. While the current Laos-Thailand Railway remains a short 3.5-kilometer track linking Nong Khai Province […]
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