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Laos Falls to 113rd Place in Global Competitiveness Ranking

Laos has slipped down to a ranking of 113rd out of 141 surveyed countries in the annual Global Competitiveness Report 2019, while several neighboring countries, including Vietnam, climbed up on the list thanks to improvements in economic and business activities. The report, which is compiled by the World Economic Forum, contains the Global Competitiveness Index that […]

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Home-grown start-up launches ride-hailing service in Laos

The Cambodia-born tech start-up Meal Temple Group is introducing a new business model offering a ride-hailing service in Laos. Called DriveUp.app, which is a joint venture company between Kiwipay.la and Meal Temple Group Pty Ltd in Laos, it provides taxis, tuk-tuks, and samlors for the first time in the country, the company’s official said. Launching […]

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Lao province cuts red tape to ease freight transport

Authorities of Laos’ central Savannakhet province have announced the removal of all inspection checkpoints along main roads to speed the transport of freight and exports. Provincial governor Santiphab Phomvihane last week issued an executive order to remove the checkpoints – the latest move to improve the business environment in the province. Police checkpoints along Road […]

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ADB outlook expects moderate Lao economic growth

Lao economic growth will remain moderate in 2019 and 2020, as expansion in the industry and services sectors softened in the first half of 2019 due to fewer international visitor arrivals, according to a new Asian Development Bank (ADB) forecast. Additionally, the near stagnation in electricity exports and generation despite a slight recovery in the […]

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