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Author Archives: J&C Admin
The International Monetary Fund (IMF) has predicted that Laos’ Gross Domestic Product (GDP) will grow at 6.8 percent this year, less than the government’s projected rate of 7 percent.
The IMF Executive Board concluded the Article IV consultation  with Laos recently, describing Laos’ challenges in dealing with the current account deficit, falling foreign currency reserves, and growing …. Continue reading
The government has agreed in principle to a plan to build a 14-km expressway linking Vientiane city centre to the outskirts in Xaythany district, in a bid to ease congestion.
The project was agreed to at the government’s monthly meeting for February held last week at the Prime Minister’s Office when the concept of the multimillion US dollar project was presented and discussed …. Continue reading
Thailand’s third most-deadly infectious disease kills 40 percent of those infected, but very few have ever heard of it. By the time Bunsri Mamak, 50, arrived at Sappasit Prasong Hospital in Ubon Ratchathani city in Thailand’s northeast, he was delirious and a very sick man. He had spent several weeks visiting local clinics and hospitals trying to find out what was wrong with him when he …. Continue reading
Economists have expressed concern over non-performing loans (NPL) that banks have given to the private sector.
Bankers said NPLs are currently higher than the rate of 3 percent set by the Bank of the Lao PDR, which could have negative impacts on financial and economic stability.
A senior banker who asked not to be named said the rising NPL rate is linked to …. Continue reading
It wasn’t long after landing at Laos’ Vientiane airport that Shaun Johnson realised he’d come home.
The Warriors star travelled to the Southeast Asian country in December with his three brothers Topo, Adam and Joe, his dad Paul and his mum, Say, for a family holiday that turned into an exploration, a reunion and a homecoming.
Johnson’s mum Say is Laotian but ….. Continue reading
Laos is considered one of the most difficult countries in the world in which to start a business, however there is a basic structure and process to follow. For investors who are new to Laos, finding out what company structures are possible and suitable for your investment can be very confusing. In brief, there are two options for your investment under Lao law: establishing a Representative Office or establishing a Limited Company. Both Representative Office and Limited Company structures have their benefits and advantages, depending on what you intend to achieve in the Lao PDR. Continue reading