Laos Debt at ‘Critical Level’ with China Payments Still Opaque
Laos’ public and publicly guaranteed debt stands at 123% of GDP as of 2023, according to the International Monetary Fund.
Read MoreLaos’ public and publicly guaranteed debt stands at 123% of GDP as of 2023, according to the International Monetary Fund.
Read MoreMost household incomes are failing to keep pace with inflation, causing families to cut spending on food, health, and education.
Read MoreThe Lao kip has continued to depreciate against foreign currencies, reaching a historic low today in international markets.
Read MoreThe cost of living is continuing to rise due to the depreciation of the kip…
Read MoreThe year-on-year inflation rate slowed down in July, according to the latest report from the Lao Statistics Bureau.
Read MoreThe central bank governor explained that the surge in the cost of goods and services in Laos is closely linked to the depreciation of the kip.
Read MoreTake a deeper look at this analysis on how it is changing perceptions in Laos towards China.
Read MoreThe Ministry of Finance of Lao PDR is prepared to issue THB 3.61 billion bonds to fund the state’s national development towards a sustainable future.
Read MoreLao people seeks jobs in the neighboring countries, resulting in labor shortage in Laos.
Read MoreWhat if Laos has equally caught Beijing in a “creditor trap?”
Read MoreIn the first six months of 2023, production and service sectors have enjoyed constant growth with GDP, higher than expected by the National Assembly,
Read MoreBusiness operators have called on the government to seek urgent solutions to tackle soaring inflation
Read MoreLaos and China trading seek additional boost for Economic activity and trading.
Read MoreExpert saw economic recovery through tourism but afraid of the risk of being too reliant on its northern neighbor.
Read MoreThai election has been a source of chatter – online and offline – in neighboring Laos, where many merchants rely on a stable Thai baht
Read MorePresident Thongloun Sisoulith has appointed 22 senior government officials as members of a National Committee on Digital Transformation.
Read MoreThe year-on-year inflation rate dropped for the third month to 38.86 percent in May
Read MoreWhile investment in concession operations and special economic zones dropped in Laos last year, the number of newly registered businesses has increased significantly
Read MoreThe Lao government is committed to improving the quality of basic education, enrolling all children and keeping them in school, and improving education financing.
Read MorePrime Minister Sonexay Siphandone, the one-day meeting called for action to address barriers currently hindering progress in the tourism industry, which is a key economic driver and a major earner of foreign currency for Laos.
Read MoreLao researchers are optimistic about the growth of the Lao economy, which is projected to expand by 4.5 percent this year amid global economic challenges.
Read MoreRampant inflation in Laos and the depreciation of the kip, motivates young people to seek jobs in Thailand,
Read MoreDragging inflation down to an average of single digit as targeted for this year, is the greatest challenge.
Read MoreASEAN leaders reaffirmed their commitment to bolster economic recovery and address issues facing the region.
Read MoreThe Bank of the Lao PDR will continue to implement stringent controls to stabilize the value of the kip and ease the burden caused by the spiraling cost of living.
Read MoreThe rate of inflation recorded in Laos in the first quarter averaged 40.85%, one of the highest rates in the region.
Read MoreThe IMF projected that Laos will see economic growth despite global economic uncertainty.
Read MoreEconomists are concerned that a surge in spending by households and offices over Lao New Year could drive up food prices even further
Read MoreInflation rate remains 41% high last March 2023 according to report.
Read MoreLaos PM has requested help from the leaders of Yunnan province to encourage more Chinese companies to invest in Laos.
Read MoreLao workers are flood crossing the border to find jobs in Thailand.
Read MoreThe Lao government is intensifying their action to revitalize its fragile economy.
Read MoreAs inflation soars, officials will enforce controls on 23 items with fines and jail time.
Read MoreThe organizing committee of the “Ready 4 Work” Fair 2023 is expecting a large number of participants.
Read MoreLaos registered the first-ever trade surplus of 2023 in February
Read MoreThe year-on-year inflation rate is continuing to rise, soaring to 41.3 percent in February.
Read MoreThe country is looking forward for the boom of the businesses as more tourists starts to enter.
Read MoreA groundbreaking ceremony was held for Khaen twin towers of the Sithandone Special Economic Zone in Khong, Champassak.
Read MoreBOL has issued a new decision on the setting of currency exchange rates, as a guideline for commercial banks trading in foreign currencies.
Read MoreThe number of Chinese tourists visiting Vientiane in Laos, Nong Khai, and Udon Thani in Thailand has increased now.
Read MoreBilateral cooperation has been constantly promoted to strengthens area such as national defense and public security, economy and trade.
Read MoreBusiness and economic connectivity is set to be one of the key drivers of growth between the two nations in upcoming years.
Read MoreYear-on-year inflation in Laos jumped to 40.3 percent in January, the highest rate in 23 years, according to the latest report from the Lao Statistics Bureau.
Read More5th Thai-Lao Friendship Bridge connecting Bueng Kan with Bolikhamsai to open in 2024
Read MoreThe 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.
Read MoreThe price of beef, pork and farmed fish on sale in markets is continuing to rise, with no sign of a pending decrease given the weak kip and high inflation rate.
Read MoreAlthough its construction has been surveyed and studied for many years, the highway project has not progressed.
Read MoreThe payment of government officials’ salaries, investment in development projects and repayment of debts constitute the largest portion of government expenditure allocated for 2023
Read MoreThe Reform Committee of Electricite du Laos (EDL) will roll out four measures aimed at resolving the company’s debt issues
Read MoreChina has eased Covid-19 control measures after almost three years of travel restrictions
Read MoreThe Laos-China Expressway Development Cooperation Co., Ltd. recently announced the new toll rates, which have resulted in numerous comments on social media from people already struggling to cope with with rising prices.
Read MoreThe 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
Read MoreLaos 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.
Read MoreA new regulation issued by the Ministry of Public Security sees all foreign workers entering Laos required to purchase Covid-19 insurance.
Read MoreIn December 2022, Laos set a new record for the highest inflation rate of the year
Read MoreDespite the global economic downturn, the National Assembly of Laos has set an economic growth target of at least 4.5% for 2023
Read MoreTo achieve this goal, the Ministry of Finance has pledged to modernise customs management systems at the main border checkpoints as part of efforts to plug loopholes resulting in financial leaks
Read More“It is hoped the newly appointed officials will contribute to stronger business performance and get familiar with the new rules, conditions and environment for the reform process and apply the newly restructured working methods”
Read MoreChina will stop requiring inbound travellers to go into quarantine starting from Jan. 8
Read MoreA straw hut village has opened in Meuang Feuang district, Vientiane province, as a new tourist attraction in this increasingly popular bucolic riverside retreat
Read MoreThe government is looking at ways to derive more financial benefit from e-commerce, hoping to better manage and develop this form of business in order to earn more revenue.
Read MoreThe Asian Development Bank (ADB) has forecast that the inflation in the Lao People’s Democratic Republic (Lao PDR) will average 23% in 2022 before falling to 10% in 2023
Read MoreThe continuing depreciation of the kip is creating a major roadblock in the government’s efforts to rein in inflation
Read MoreThe Ministry of Public Works and Transport is looking at ways to resolve the city’s perennial flooding problem which, despite years of promises, has not improved.
Read MoreSkyrocketing inflation is causing great hardship and people are desperately wondering how they can survive as prices across all categories hit record highs.
Read More“Most importantly, more inbound flights should be started and the number of countries eligible for visa-free travel should be increased.”
Read MoreA plan to bring a pair of the mammals from Cambodia to breed in Laos has made no headway.
Read MoreA microfinance platform helps to financially include 850 villages in Lao PDR
Read MoreSoutheast Asian countries look set to maintain ties with Russia as a trio of global summits loom, despite United States-led efforts to isolate Moscow over its Ukraine invasion
Read MoreThe main exports included copper, rubber, bananas, cassava and other agricultural products
Read MoreChina has become a key export market for Lao goods, especially agricultural produce, following the opening of the Laos-China Railway at the end of 2021.
Read MoreThe current situation in Laos mostly involves people being tricked into forced labour, forcing them to provide sexual services, hiring pregnant women, and the live broadcasting of male and female nudity and sex on social media
Read MoreThe price of food and non-alcoholic beverages has surged by 38.8 percent year-on-year, driven by the rising price of rice and other daily food items such as pork, poultry, fish, seafood, eggs, vegetable oil, fruit and vegetables
Read MoreTransport costs are not the only problem facing the country, but reducing them could help spur progress in other areas.
Read MoreAll seven freight stations on the Laos-China Railway are now operational following the opening of Xay station in Oudomxay province on Tuesday.
Read MoreThe Association of Thai Travel Agents (Atta) believes that about 3 million Chinese tourists may use the almost 423 km long electrified railway that runs between the Lao capital of Vientiane and Boten town in northern Laos bordering China.
Read MoreLaos was listed behind Norway, Malé, Los Angeles, Slovenia and Barbados, which all got special mention at www.wanderlust.co.uk.
Read MoreResidents in Lao capital tighten their belts by giving up buying trendy things, spending money wisely, growing vegetables and using domestic products to beat the spiraling inflation which hit a 22-year high in September.
Read MoreLaos & S. Korea have signed a Memorandum of Understanding (MOU) on cooperation in relation to the dispatch of Lao nationals for seasonal employment in agriculture and fishery in Korea
Read MoreAlthough 72 percent of the population have had two Covid vaccinations, only 14 percent have had a booster dose, the Ministry of Health has revealed.
Read MoreStatistics show the average visitor on a group tour stays for 2.5 days and spends about US$45 per day. In contrast, an individual visitor stays …
Read MoreUnder the new policy, money changers will be allowed to buy foreign currencies from customers but are forbidden to sell currencies other than kip
Read MoreThe Study examines the financial viability and environmental sustainability of implementing a battery swapping system model for electric two-wheelers in Vientiane, to help achieve the government’s 2030 target of 30 percent electric vehicle penetration
Read MoreThe Asian Development Bank (ADB) believes the Lao economy will see a gradual recovery next year, supported by new investment and higher renewable energy and mining output.
Read MoreThe new banknotes can be used alongside the old 2003 notes, which will remain in circulation and can be used as normal.
Read MoreThe survey indicates that businesses main need are for accountants, followed by sales staff.
Read MoreThe IMF’s downgraded growth for Laos is linked to both external and internal factors, with the report forecasting that global growth will decrease from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023.
Read MoreFifty-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
Read MoreInflation rate in Laos surged from 30.01% in August, 2022, to 34% in September
Read MoreDrivers are charged high fees to enter the station even to deliver or pick up passengers.
Read MoreThe bitqik platform provides full brokerage and trading services in cryptocurrencies and other digital assets, both within Laos and the region.
Read MoreWorld trade is expected to lose momentum in the second half of 2022 and remain subdued in 2023, as multiple shocks weigh on the global economy
Read MoreThe currency devaluation is having a damaging effect on the Lao economy, driving up the price of products and creating more hardship for the poor.
Read MoreLao Mountain Coffee’s peaberry blend has won first place in the Continental Awards for Asia coffee competition.
Read MoreThe Laos-China Railway plans to begin operating ordinary train service to ease the rising demand for train travel, especially at the weekend.
Read MoreSome 700 Malaysians are reportedly being held captive in Bokeo province, Laos and have been abused by the resort managers who are allegedly demanding a large ransom for their release
Read MoreVaccination proof/ATK test result no longer needed, while period of stay in the kingdom is extended to 45 days for tourists entitled to visa exemption and to 30 days for Visa on Arrival.
Read MoreEconomic 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
Read MoreTyphoon Noru is expected to hit the central and southern provinces of Laos today, bringing heavy rain and thunderstorm to most of the country
Read MoreThe government has vowed to further address mounting public debt and the vulnerability of the macroeconomy to prevent the country from being dragged into default.
Read MoreLaos, Thailand, and China are thinking about building a new railway bridge, running parallel to the first Lao-Thai friendship bridge
Read MoreThe Asian Development Bank (ADB) has lowered its 2022 economic growth outlook for Laos to 2.5 percent from 3.4 percent projected in April and to 3.5 percent from 3.7 percent for 2023.
Read MoreThe company’s policy is linked to the unfavourable global economic outlook and continuing depreciation of the kip, which are impacting on businesses in Laos.
Read MoreThe Laos-China Railway Company Limited has announced that it will provide overnight parking and toilet facilities at the station in Vientiane.
Read MoreHundreds of people are displaced amid widespread damage in Oudomxay province
Read MorePrime Ministerial Decree 599 demands excess vehicles be returned in push to rein in corruption.
Read MorePeople with low incomes across the country are concerned about their growing expenses on food following a steep rise in the prices of agricultural and food products.
Read MoreDiscoverLaos and J&C Group have recently formed a new strategic partnership
Read MoreCross-border tourism flows increase, and fresh goods exports find new markets
Read MoreSome of the direst warnings in more than a decade have been issued from two major Thai sources regarding severe flooding this year in Bangkok, the Thai capital.
Read MoreFitch Ratings plans to withdraw the ratings on Laos in approximately 30 days from the date of this commentary for commercial reasons.
Read MoreGeo-economic factors mean that the concerns about Laos defaulting are unrealistic.
Read More“The EV is one of the keys to fight inflation,” Loca chief executive Souliyo Vongdala tells the Straits Times.
Read MoreThe government has set up a committee to carry out business reforms in the state-owned Lao Airlines to ensure that the national flag carrier becomes self-sustained in financial management.
Read MoreRetail and wholesale outlets together with car and motorbike repair businesses accounted for 29.4 percent of all new business registrations in the first six months of 2022.
Read MoreThousands of people in northern areas of Laos are suffering after rivers flooded following several days of heavy rain.
Read MoreSource: TheStar A total of 5,885,061 Lao people have had one dose of a Covid-19 vaccine, equaling 80.2 per cent
Read MoreThe main importing countries of Laos include Thailand, China, Vietnam, the United States, and Japan.
Read MoreThe town of Luang Prabang, which is renowned for Unesco’s listing of its old quarter as a world heritage site, has seen 90 per cent of room reservations made by Thai visitors since Laos lifted all entry restrictions in May.
Read MoreLaos has seen a surge in the number of visitors following the lifting of travel restrictions in January as the Covid-19 pandemic subsided.
Read MoreRemoval of the excise tax charged on diesel is in response to a request from fuel businesses and importers, who are struggling source sufficient funds to buy fuel.
Read MoreThe higher prices of fuel and consumer goods and the continuing depreciation of the Lao currency kip are among the main factors driving the inflation.
Read MoreThe government has outlined measures to reduce extravagance and promote austerity, to cut waste and ensure effective use of the state budget for the intended purpose and the maximum benefit of the nation.
Read MoreThe human cost of a stalled HIV response is chilling. Globally, more than 1.5 million people became infected with HIV last year. That’s 4,000 people every day, more than a quarter of them young people aged 15-24.
Read MoreAs tourists return to Laos, with many coming from Thailand, there have been complaints about the high prices charged at some hotels, guesthouses and restaurants.
Read MoreThe government is holding talks with the Lao Fuel and Gas Association over the possibility of importing another shipment of fuel, as it is expected that current stocks will be depleted by the end of this month,
Read MoreDuring the first six months of this year, Lao nationals working in other countries transferred millions of US dollar in remittances to Laos, with most of the money going to their parents.
Read MoreThe Lao government is committed to ensuring that sufficient supplies of fuel are provided to meet public demand and boost economic growth after a countrywide fuel shortage in May and June caused widespread disruption.
Read MoreLaos has one of the highest inflation rates in the region, with the price rise recorded 23.6 percent year-on-year in June, according to ADB
Read MoreThe lack of seats and the difficulty in obtaining tickets led passengers to make complaints on social media about the problems encountered, with many people having to wait for hours in long lines to buy tickets. This forced the company to expand its services.
Read MoreThe West has pressed Laos to ditch Russia and support its sanctions but the SE Asian nation has stayed true to its old Cold War ally
Read MoreThe Phase II of the project comprises a 7.5km extension of the railway from the Thanalaeng station at the Thai border to the Vientiane station.
Read MoreThe government pledged to ensure sufficient fuel is available by pursuing market-based mechanisms, saying this would minimise damage to the economy and small-scale commercial production.
Read MoreThe central banks of five Southeast Asian (SEA) countries have agreed to link their payment systems by November of this year, in order to allow for easier transactions for travellers within the region.
Read MoreA number of Lao social media users have called on authorities to take immediate action to prevent the cheating of foreign visitors by some vendors at popular tourist destinations such as Luang Prabang.
Read MoreThe year-on-year inflation rate hit 23.6 percent, the highest figure ever recorded since May 2000.
Read MoreThe Asian Development Bank (ADB) has lowered its economic growth forecast for developing Asia including Laos to 4.6 percent this year, from 5.2 percent projected in April.
Read MoreReported leaks at the sides of the Nam Theun 1 Hydropower dam under construction in Laos were not a cause for concern and were normal when a dam began storing water
Read MoreLand surrounding a new railway station in the capital is in high demand, sources say.
Read MoreThe monthly minimum wage in the country will be increased to 1.2 million kip (US$78) starting on August 1.
Read MoreLaos faces intensifying economic and financial crises and there is likely no way out without some form of a Chinese bailout or debt forgiveness.
Read MoreFew of the fishermen are there legally, leaving them vulnerable to exploitation
Read MoreElectricite du Laos (EDL), a monopoly company which should generate a significant amount of revenue from its dominance in the energy market, has been operating at a loss for many years and has accumulated huge debts.
Read MoreThere has been a surge in passport applications since the government reopened the country for international travel in January.
Read MoreRussian gas is 70% cheaper than supplies from other international sources, according to Nikkei, citing local media.
Read MoreThe inflation rate in Laos hit 23.6 percent year-on-year in June, the highest figure ever recorded since May 2000 as surging prices of energy and consumer goods continue to deepen hardship and create new pains for the Lao public.
Read MoreA track change station was officially opened at the Vientiane Logistics Park on Friday, creating an official link between the Laos-China Railway and the Laos-Thailand Railway.
Read MoreEmbezzlement by executives and staff, combined with poor management, are the main reasons for the chronic losses suffered by state enterprises, the Prime Minister has told the National Assembly (NA).
Read MoreThe premier said changes to the quantity of vehicles, alcoholic beverages and other imported luxury items would be considered, so that shrinking foreign currency reserves could be kept for essential goods.
Read MoreMany of the workers are human-trafficking victims lured to the Chinese-run special economic zone for jobs.
Read MoreLaos lawmakers on Monday approved the appointment of a new central bank chief and two deputy prime ministers
Read MoreThe government’s policy for promoting EVs includes zero percent tariffs, an excise tax of only three percent and a value-added tax of seven percent in order to lower the prices of EVs
Read MoreThailand Pass registration and compulsory Covid-19 insurance will be lifted for all people arriving in Thailand from July 1
Read MoreSource: Bloomberg Laos, with dwindling cash reserves and surging inflation, is facing some of the same strains that pushed Sri
Read MoreThe Lao government will aim for Gross Domestic Product (GDP) growth of at least 4.4 percent over the last six months of this year
Read MoreTwo banks previously owned by the state and which suffered chronic losses have begun making a profit following major reforms that saw a 70 percent stake in the banks sold to local investors
Read MoreMore than 2,000 Lao people are arriving in Nong Khai province every day after the Thai-Laos border checkpoint reopened.
Read MoreExpansion of the route makes Thailand a ‘China Plus One’ Option
Read MoreThe move is aimed at reducing the amount of money in circulation and curbing the spiralling inflation rate, which was recorded at 9.9 percent in April.
Read MoreMounting foreign liabilities and thin foreign exchange reserves have left the nation of 7 million acutely vulnerable to global financial shocks.
Read MorePfizer Inc plans to sell its entire portfolio of brand-name drugs at cost in as many as 45 lower-income countries, including Cambodia and Laos, one of the most comprehensive and ambitious drug-access programmes ever announced by a large pharmaceutical manufacturer.
Read MoreLao health authorities are monitoring tourists for cases of monkeypox, following a report from the World Health Organisation (WHO) that cases of the disease have emerged in several countries.
Read MoreFew people have crossed the Lao-Thai Friendship Bridge linking Vientiane to Nong Khai province in Thailand since the government reopened all international border crossings on May 9.
Read MoreForeigners are still required to download Thailand Pass prior to entering Thailand
Read MoreThe use of guns to commit crimes in Vientiane is becoming increasingly common, with most incidents occurring at night.
Read MoreThe government says the fuel crisis will be resolved in the near future as it will provide Thai baht and US dollars to fuel importers by authorising additional foreign currency payments to oil companies so they can import more fuel.
Read MoreA number of vehicles are expected to be withdrawn from Party and state leaders as well as senior officials after action has been taken to retrieve surplus cars in accordance with a new regulation.
Read MoreLao workers are returning to Thailand where they can make more money.
Read MoreOver 2,000 people, both Lao and foreign nationals, have entered Laos at land borders and the airport in Vientiane since the government reopened the country last week.
Read MoreA plummeting currency, dwindling foreign reserves, and a spike in global oil prices have led to shortages across the country.
Read MoreThe value of the Lao kip has dropped significantly since last year against the backdrop of volatility in the global fuel market due to the Russia-Ukraine conflict.
Read MoreThe government has dropped six entry requirements that were previously imposed to contain the spread of Covid-19, with Laos fully opening up to travellers on Monday.
Read MoreFuel shortages forced petrol stations in Vientiane and some provinces to close on Monday, with many of desperate motorists going from one station to another in the hope of filling up their tanks.
Read MoreThai authorities are preparing for border reopening with Laos after the neighbouring country lifts entry restrictions from Monday.
Read MoreThe government has announced that all international border crossings will reopen, so that Lao and foreign nationals, well as stateless people, can enter and exit Laos freely.
Read MoreThe year-on-year inflation rate in Laos surged to 9.9 percent in April, the highest figure recorded since January 2016
Read MoreThe National Taskforce for Covid-19 Prevention and Control reported in an announcement yesterday that the Covid-19 situation had not been dramatically affected by new year celebrations.
Read MoreThe government has agreed in principle to increase the minimum wage in a bid to ease the hardships suffered by many people amid the rising cost of living.
Read MoreLaos registered record two-way trade of US$1,100 million, including exports of US$600 million and imports worth approximately US$500 million, in March, resulting in a trade surplus of US$100 million.
Read MoreThailand’s Centre for Covid-19 Situation Administration has just announced major changes to the county’s Test & Go program, part of the broader Thailand Pass.
Read MoreJ&C Insurance Brokers is an award-winning and leading independent insurance specialist in Laos offering customer-tailored solutions.
Read MoreThe cost of imported household goods surged by 15-50 percent in April compared to the figure recorded in January
Read MoreLoudChat, Laos’ first communication app was launched last week by the Ministry of Technology and Communications and Sirichalernxay Sole Co., Ltd.
Read MoreSource: Global Times The third Lane Xang EMU train for the China-Laos Railway has arrived in the Lao capital Vientiane
Read MoreUnder the new rules, non-resident e-commerce and digital platform providers must register for a tax identification number (TIN) via an online portal to file and pay their taxes. Further, they must register and pay value-added tax (VAT) if their annual revenue meets a certain threshold.
Read MoreThe year-on-year inflation rate in Laos surged 8.5 percent in March, even more than expected, and rose to the highest figure recorded since January 2016.
Read MoreThe government will consider cutting or even waiving excise tax on the price of imported oil, to reduce skyrocketing prices at petrol stations.
Read MoreThe approved the number is down from the quota of 1,600 new civil servants approved in 2021 and the figure of 2,000 allocated in 2020.
Read MoreThe taskforce advises that the severity of infection will decrease as people gain stronger immunity to Covid with each additional dose of vaccine.
Read MoreLaos’ 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.
Read MoreThe government is mulling full reopening of the country to foreign tourists after piloting the first phase of partial reopening for targeted groups of visitors.
Read MoreTravelers are no longer required to provide a negative RT-PCR test within 72 hours of departure. However, the RT-PCR test requirement for the on-arrival date remains unchanged.
Read MoreThe government is looking for a suitable company to purchase electric vehicles (EVs) for use by Party and state leaders, aiming to switch to EVs as the price of petrol soars.
Read MoreThe Lao Federation of Trade Unions (LFTU) has called on businesses, including garment factories, to pay workers the increased minimum wage, which rises from 1,100,000 kip to 1,500,000 kip per month this year.
Read MoreElectricite du Laos (EDL) lost more than 200 million kip last year due to illegally modified electricity meters and other forms of electricity theft.
Read MoreTo reduce the pressure of rising food prices, the government will cut the cost of fuel by 650 kip per litre for premium fuel, 540 kip per litre for regular fuel and 610 kip per litre for diesel
Read MoreInflation in Laos has surged higher than the projected rate for the Gross Domestic Product (GDP), sparking fears among many people regarding the impact on their living standards.
Read MoreLaos’ first perfume brand HSMM Fragrance launched two new scents – “Lady of Lao” and “Black Intense” – at the 2021 Outstanding Entrepreneurs “Made in Laos” Award ceremony held in Vientiane la
Read MoreA Labour Registration and Data Platform will be set up in Vientiane for the compilation of information concerning both Lao and foreign nationals working in Laos.
Read MoreLaos’ overall balance of payments situation is negative despite a trade surplus of US$1.32 billion in 2021 because foreign exchange inflows represent only 26.45 percent of the total export value.
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