Team BUG5, a group of three young innovators from Laos has earned the nomination to represent Laos in the South East Asia Regional Final Round of 15th Microsoft Imagine Cup 2017, Microsoft’s global accelerator program to empower the next generation of computer science students. They will make history as the very first Laotian team to get qualified for Imagine Cup regional finals.Read more
Laos’ newly-amended Investment Promotion Law has moved to cut by half the maximum investment period for new concession projects to 50 years, down from the previous maximum period of 99 years.
The move is aimed at maximizing investment benefits for the Lao economy, an official from the Ministry of Planning and Investment involved in …
In just the three days of the Lao New Year holiday 159 road accidents occurred across the country resulting in 22 fatalities with incidents of drunk driving and speeding higher than ever.Read more
Economists have warned the government needs a long-term strategy for managing its burgeoning debt against obligations while it works on securing more efficient and additional revenue sources.
At the moment, Laos requires 1,559 billion kip to meet its budget expenditure following revenue shortfall in the first quarter of this year.
Thailand and Cambodia remain leading electricity importers from Laos among the ten-member Association of South East Asian Nations (Asean).Read more
The Thai baht has continued to appreciate against the Lao kip over the past few weeks, which could further drive up the price of products imported from the southern neighbour.
The Thai baht had increased by 5 percent against the Lao kip since earlier this month. The increase was due to the market principle of demand and supply as more …..