The International Monetary Fund (IMF) is predicting that Laos will see economic growth of just 2.2 percent this year, before rising 3.1 per cent in 2023 and 4.3 per cent in 2027.
How Chinese gangsters operate freely in Laos’ Golden Triangle economic zone
The first time Seng saw someone jump to their death was from the window of his dorm, in a gated compound where armed guards patrolled outside, making sure no one escaped.But Seng had never spoken to …
Vietnam’s tug of war with China over Laos
Despite Vietnam efforts to improve its relationship with Laos the latter is moving towards China as the nation is trying to gain benefits from Beijing eco …
Laos economy under the pressure of mounting debts
In June 2022, the Statistics Bureau of Laos announced that inflation had risen to a 22-year high of 23.6%. Staple goods have been fast becoming scarce and purchasing power of the country’s population …
Laos economy under the pressure of mounting debts
In June 2022, the Statistics Bureau of Laos announced that inflation had risen to a 22-year high of 23.6%. Staple goods have been fast becoming scarce and purchasing power of the country’s population …
Now Laos trapped in Chinese debt amid economic crisis
Due to Laos’ growing economic crisis, which is causing the government to fall apart, Vientiane is on the verge of defaulting on its debt.
Now Laos trapped in Chinese debt amid economic crisis
Due to Laos’ growing economic crisis, which is causing the government to fall apart, Vientiane is on the verge of defaulting on its debt.
Laos economic crisis intensifies amid Chinese debt
The escalating debt crisis in Laos is pushing the country toward a meltdown and even experts believed that Vientiane is on the brink of loan default. Laos’ low foreign exchange reserves make experts …
OCK Group expands presence in Laos after deal with government ministry
OCK Group Bhd has inked a shareholder agreement with the Ministry of Finance (MOF) in Laos to expand its presence there.In a statement on Wednesday (Oct 5), the telecommunication network solutions …
Laos govt join hands with Malaysian company to build telecom tower company
The Ministry of Finance (MoF) has signed a shareholder agreement with the engineering services firm to set up a company to build telecommunications towers across Laos.