Economy and commerce
MMG Agrees LXML Sepon Sale
(KPL) MMG Limited (MMG) agreed on Jun 21 the sale of its 90% interest in Lane Xang Minerals (LXML), which owns the Sepon mine in the Lao PDR, to Chifeng Jilong Gold Mining Co Ltd (Chifeng), for US$275 million.More ...
KPL
Money laundering prevention links Lao, US efforts
Government officials from Vientiane and Champassak province recently met in Luang Prabang and Champassak to discuss anti-money laundering efforts. More ...
Vientiane Times
World Bank Economic Report: Formal Vs. Informal Financial Services
A World Bank report released last week reports that “informal” financial services continue to play an important role in the lending sector in Laos despite the fervent growth of legal micro-finance institutions (MFIs) around the country.More ...
The Laotian Times
NA debates draft law on central bank
The duties and structure of the Bank of the Lao PDR’s executive board were at the centre of debate at the National Assembly (NA) yesterday, with the aim of strengthening the bank’s management and preventing illegal financial activities.More ...
Vientiane Times
US Government Promotes Silk Entrepreneurship in Lao PDR
(KPL) The United States Agency for International Development (USAID), in collaboration with the Ministry of Industry and Commerce, provided training on natural dyeing and digital marketing for women-owned businesses from May 28-Jun 15, 2018 in Xieng Khuang and Huaphan provinces.More ...
KPL editor
Good progress seen in investment in Laos
Hanoi (VNA) – There has been good progress in investments in Laos, with 4,118 enterprises registering and being approved for investment between January and June, according to Lao Prime Minister Thongloun Sisoulith.More ...
VNA editor
Laos’ economic growth robust, but at risk due to high public debt: WB
Economic growth in Laos has seen robust expansion compared to regional peers but the country is still at risk due to high public debt, with growth in the share of debt on less concessional terms, according to the latest edition of the World Bank’s Lao ...
Vientiane Times
China-SE Asia Expo kicks off to promote regional trade, investment
The fifth China-South Asia Expo kicked off on Thursday in southwest China’s Yunnan province to promote trade and investment between China and countries in South and Southeast Asia. Deputy Prime Minister Sonexay Siphandone led a Lao delegation comprising officials and businesses to the event, the ...
Vientiane Times
ACMECS leaders to review economic cooperation strategy
The leaders of Ayeyawady, Chao Phraya, Mekong Economic Cooperation Strategy (ACMECS) member countries will meet at its 8th Summit in Bangkok, Thailand from June 15-16 to review the economic cooperation strategy. On the same occasion, the leaders will also meet at the 9th Cambodia, Laos, ...
Vientiane Times
Gov’t Suggested To Use Reserve To Calm Down Rising Fuel Prices
(KPL) Economists have suggested it may be the time for the government to use its foreign reserve to ease rising fuel prices warning that implications from the rising prices could be high inflation.More ...
KPL editor
