How To Register A Business: Laos Goes Online To Ease Start-Up Process
The steps needed to register a new business have now been posted online to ease business start-up, which will save time and simplify the process.
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World Bank (WB) Laos
Govt To Mobilise More Funds To Repay Debts, Address Fiscal Deficit
The government plans to mobilise 41.15 trillion kip to address the projected fiscal deficit and repay domestic and overseas loans by the end of 2023
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Despite High Economic Growth, Job Creation In Laos Remains Limited
Laos has recorded one of the highest rates of economic growth in South-East Asia over the past two decades, but few jobs have been created.
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50 Percent Of World’s Poorest Need Debt Relief To Prevent Major Crisis
Fifty-four developing economies, including Laos, that account for more than half of the world’s poorest people need urgent debt relief as a result of cascading global crises
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Slower Growth Projected For Lao Economy: World Bank
Economic performance in Laos could be compromised by slowing global demand, rising debt, and a reliance on short-term economic fixes to cushion against food and fuel price increases
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World Bank Downgrades Lao Economic Growth Rate To 3.8 Percent
Laos’ economy is projected to expand by 3.8 percent in 2022, down from the 4.5 percent growth rate predicted in October last year, and 3.3 percent in the downside scenario, according to the World Bank’s latest report.
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Laos’ Expensive Gamble On Electricity May Dim Its Economic Future
Laos took on huge debt to become the “Battery of Southeast Asia,” but sales are not as robust as hoped.
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Lao Economy Suffering Due To Covid-19 Outbreak
This year’s Covid-19 outbreak has deepened the impacts on Laos’ economy, resulting in business shutdowns, growing health concerns, and falling sales.
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Economic Fallout From Covid Deepens: World Bank Survey
he economic fallout in Laos over the second quarter of this year as employment fell off sharply and households and businesses suffered declining income and revenue
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Laos Must Speed Up Reform To Maximise Benefits Of Railway: World Bank
In order to maximise benefits from the rail project, Laos must quickly create a business friendly environment.
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COVID-19 To Impact Lao PDR Growth, Debt In 2020: World Bank Report
Between 96,000 and 214,000 additional people are estimated to fall into poverty as a result of the pandemic, jeopardizing past gains.
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Rule Of Law Key To Strengthening Laos’ Competitiveness
Laos has to strengthen the rule of law if it wants to become a competitive investment destination, according to a report from the World Bank.
“The country (Laos) faces issues that include weak regulatory effectiveness, control of corruption and rule of law,” the 2018-Doing Business in the Lao PDR report highlighted in its key findings.
Lao Firms Identify High Tax Rates As Investment Constraint
Lao enterprises have highlighted the perceived unprofessional practices of firms in the informal sector and high tax rates as the top constraints in investing in the country, according to a report from the World Bank.
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World Bank Forecast: Laos’ Economic Growth Lower Than Expected
The World Bank (WB) has predicted that Lao economic growth will be slightly lower than the Lao government and Asian Development Bank (ADB) forecasts.
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