Kasikornbank (KBank) is expanding its presence in Laos as part of the bank’s regional outreach plan, targeting loan growth in the country to reach 3 billion baht next year. Given Laos’ economic growth potential, the bank targets loans to reach 3 billion baht, deposits 2 billion, and trade finance transactions 18 billion in 2019, said Pattanapong Tansomboon, […]
Read MoreTo ensure steady economic growth, Laos would be well advised to restructure the economy with a view to stability and sustainability and in ways that reverse the current slowdown, a top analyst has advised. The message came from the President of the National Institute for Economic Research, Mr Bouasone Bouphavanh, when speaking on Friday at […]
Read MoreAs part of the key strategy to expand businesses within AEC+3, KBank is now ready to tap into Lao PDR through numerous services and local partnership arrangements, the company said in a press release issued on Friday. For 2019, targets have been set to bolster loans to Bt3 billion, deposits to Bt2 billion and trade […]
Read MoreLabour authorities will continue to work with their Thai counterparts to complete the registration of Lao nationals currently working illegally in Thailand. It is hoped the process can be completed next year, but some bureaucratic challenges have arisen. A meeting was held on Friday to discuss the current status of the legalisation process, and was […]
Read MoreCHIANG KHONG – As the trade war with the U.S. intensifies, China is looking to strengthen commercial ties with countries in the Mekong region of Southeast Asia by setting up a free-trade zone on the border between Thailand and Laos. In the planned zone, Beijing will waive tariffs and value-added tax on imports from countries that […]
Read MoreThe border gate between Myanmar and Laos has been upgraded and given international status, according to the Ministry of Labour, Immigration and Population. The ministry has upgraded the Wan Pong check point in Tachilek, Shan State, making it an international border entry point for Myanmar and Laos. It has also opened the Myanmar-Laos Friendship Bridge […]
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