Savannakhet province is facing an acute fuel shortage making it difficult for people to commute. Addressing the issue, the Director of the Department of Industry and Commerce of Savannakhet Province, Mr Phosysoy kuthilath, told the local media that fuel prices have been steadily rising, with oil prices having fluctuated 11 times since early 2022. The […]
Read MoreThe Asian Development Bank has predicted that the annual average rate of inflation in Laos will jump to 5.8 percent in 2022 and 5.0 percent in 2023. Inflation will be driven by higher oil prices, rising domestic demand, and the continuing depreciation of the kip, according to the ADB’s Asian Development Outlook (ADO) 2022. The […]
Read MoreThe Government of Laos has called on society to try to save petrol as much as possible amid a growing fuel crisis in the country. Petrol prices have seen 11 adjustments this year, with the government making every attempt to reduce taxes and other tariffs to lessen the impact on consumers. Disruptions to supplies of […]
Read MoreThe Government of Laos has outlined currency depreciation and high fuel costs as the two most urgent issues it will tackle this month. Government Spokesperson and Minister to the Prime Minister’s Office, Madame Thippakone Chanthavongsa, said that the government will work on several issues outlined during a recent monthly cabinet meeting held in April, with […]
Read MoreThe Government of Laos has agreed to a minimum wage increase amid a rising cost of living and rampant inflation. The decision was reached among other items during a cabinet meeting held in late April in Vientiane Capital, chaired by Prime Minister Phankham Viphavanh. Discussions on raising the minimum wage were held in March this year, […]
Read MoreState authorities and tourism operators have asked the government to reopen the country to the citizens of all countries starting on May 1. The proposal was made following a meeting between the Ministry of Information, Culture and Tourism and tour operators. The meeting recommended that tourists must have been fully vaccinated at least 14 days […]
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Thailand
