Govt Struggles To Regulate Currency Exchange Rates
The continuing depreciation of the kip is creating a major roadblock in the government’s efforts to rein in inflation
Read moreThe continuing depreciation of the kip is creating a major roadblock in the government’s efforts to rein in inflation
Read moreTransport costs are not the only problem facing the country, but reducing them could help spur progress in other areas.
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 year-on-year inflation rate hit 23.6 percent, the highest figure ever recorded since May 2000.
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 moreRussian gas is 70% cheaper than supplies from other international sources, according to Nikkei, citing local media.
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 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.
Read moreFuel prices have increased six times in a period of just two months and 10 days, sparking greater concerns about the rising cost of living in Laos.
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