Since he took the reins last year, the country’s economy has entered a downward economic spiral with no clear end in sight.
Laos to ban public from holding foreign currencies
The Central Bank of Laos plans to ban residents from holding foreign currencies to address problems such as inflation, and the depreciation of the Kip.The Laotian Times yesterday reported that the …
Laos to ban public from holding foreign currencies
The Central Bank of Laos plans to ban residents from holding foreign currencies to address problems such as inflation, and the depreciation of the Kip.The Laotian Times yesterday reported that the …
Laos bans residents from holding foreign currency
The central bank of Laos has plans to ban the country’s residents from holding foreign currencies amid spiraling inflation and the rapid depreciation of the local currency, the kip. The Laotian Times …
Laotian tourists are flocking to Thailand
Crowds of eager Laotian tourists are flocking to Thailand now that Thailand and Laos have eased travel restrictions this month. Deputy government spokeswoman Rachada Dhnadirek said yesterday that the …
Laotian tourists are flocking to Thailand
Crowds of eager Laotian tourists are flocking to Thailand now that Thailand and Laos have eased travel restrictions this month. Deputy government spokeswoman Rachada Dhnadirek said yesterday that the …
Laos economic recovery challenged by debt and rising prices
While the economy is beginning to recover from the effects of Covid-19, Laos faces stiff challenges associated with long-standing macroeconomic imbalances, according to the World Bank’s latest …
Convalt Energy lands $250 million solar project in Laos
WATERTOWN — Convalt Energy plans to produce 460,000 solar panels at its planned manufacturing plant in Hounsfield for a solar project in the Southeast Asian country of Laos. Convalt is moving forward …
Spiralling inflation in Laos causing increasing hardship
The Asian Development Bank has predicted that the annual average rate of inflation in Laos will jump to 5.8 per cent in 2022 and 5.0 percent in 2023.
Government of Laos agrees to raise minimum wage
This was met by pushback from the business sector, according to Vientiane Times, with the Lao National Chamber of Commerce and Industry (LNCCI) concerned that the burden on employers would be too high …