News
BOL regulates currency exchange rates in bid to stabilise economy
The Bank of the Lao PDR (BOL) has issued a new Decision on the setting of currency exchange rates, as a guideline for commercial banks trading in foreign currencies.The move is aimed at enabling commercial banks to operate with a degree of flexibility in the ...
Somsack Pongkhao
Villagers in Laos worry large mining concession will disrupt their lives
The Attapeu provincial government signs a contract with a construction company to conduct a survey for pagodite and other soft stones in Khamvongsa village, Phouvong district, Attapeu province, Laos, on Feb. 8, 2023. Residents in southern Laos’ Attapeu province are concerned that more than one-fourth of ...
RFA Lao
Laos Imports Fuel Worth USD 125 Million From Vietnam in 2022
Overall exports from Vietnam to Laos shot up by 10.4 percent to USD 656.4 million while other exports, including steel, dropped 15 percent to USD 60.1 million, and fertilizer surged up by 31 percent to USD 32.5 million.Import of goods from Laos to Vietnam, on the contrary, ...
Phontham Visapra
January inflation rate soars to new high of 40.3 percent
Year-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. The government is attempting to curb the rising cost of goods and services but prices are showing no signs ...
Somsack Pongkhao
US signs agreement to help Laos fight illegal logging in protected forests
But some say providing arable land to poor families around forests would be better approach. The United States has agreed to provide funding and equipment to Laos to help combat illegal logging in its national protest forests, an official at the U.S. Embassy in Laos said. ...
RFA lao
Customs payments on freight rise steeply at Boten border crossing
The amount of revenue collected from tariffs/fees paid at the Boten International Customs Checkpoint on the Laos-China border exceeded 661.5 billion kip in 2022, which was 28.33 percent more than the target figure. Head of the Boten International Customs Checkpoint, Mr Vilakone Kettavong, recently attributed ...
Somsack Pongkhao
Phuan ethnic group revives long forgotten stupa festival
Xieng Khuang province is awash with development and is creating new tourist attractions in particular, most of which have historical and cultural connections. The province’s Khoun district is the original home of the Phuan people and is famous for its prosperity in times gone by. But ...
Patithin Phetmeuangphuan
The World Bank Group Board adopts a new Country Partnership Framework to support Laos in efforts to stabilise its economy.
The World Bank Group Board of Executive Directors has discussed a new Country Partnership Framework (CPF) for 2023-2026 to support Laos in efforts to stabilise its economy, share the benefits of economic growth more equitably, and sustain development progress. The CPF, a programme of project finance ...
Times Reporters
Thai Railway Delegation Visits Laos for Transportation Discussions
The delegation was led by Athipu Chitranukroh, Deputy Director-General of the Department of Rail Transport (DRT), and Kitjaluck Srinuchsart, Deputy Director-General of the Thai Customs Department. Representatives of Thailand’s Railway Technology Development Institute also participated in the visit, according to a DRT news update. The two sides ...
Latsamy Phonevilay
Covid Insurance Now Mandatory for Foreign Workers in Laos
A new regulation issued by the Ministry of Public Security sees all foreign workers entering Laos required to purchase Covid-19 insurance.A notice issued by the Ministry of Public Security on 15 December 2022 outlines the regulations on health insurance for foreign labor, which have been ...
Phontham Visapra
