Southeast Asia’s Russian Dilemma As Summits Loom
Southeast 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 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 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 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 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 year-on-year inflation rate jumped to 7.3 percent in February, the highest figure recorded in Laos since January 2016.
Read moreTravel industry figures fear the war in Ukraine could derail the much-anticipated recovery of tourism-dependent economies in Southeast Asia just as COVID-19 travel restrictions are finally being lifted across the region.
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