News
Expressway Toll Prices Go Up With Changing LAK/USD Exchange Rate
The toll tax on Vientiane-Vangvieng expressway was hiked to keep up with the value of kip reducing against the US dollar.The Laos-China Expressway Development Cooperation Co., Ltd announced its new toll rates would apply from 1 January, on the 109.11 km expressway that connects Vientiane Capital with ...
Phontham Visapra
Laos Sees a Trade Deficit of USD 23 Million in December
According to the Lao Trade Portal, the country recorded a trade deficit of USD 23 million in December, which is considerably lower than the trade deficits of USD 45 million and USD 230 million reported in November and October, respectively.The overall value of trade hit USD ...
Phontham Visapra
South Korean Company Authorized to Build Multi-Billion Dollar Resort
Laos has signed an agreement with a South Korean company giving it a concession for the use of a 1,200-hectare plot of land to build a resort worth USD 2.9 billion.Acting Director General of the General Logistics Department, Police Brigadier General Mr. Thongsouk Yaeulaoly and ...
Phontham Visapra
Tiger Cubs Trafficked from Laos Confiscated in Thailand
After months of questioning the husband following initial suspicions, the police managed to arrest the couple red-handed and seized four baby tigers from them that were allegedly trafficked from Laos. The Thai police had been investigating the husband since September, and authorities eventually arrested him ...
Phontham Visapra
Over 1,000 Human Trafficking Victims Get Assistance from Bokeo Police
During a meeting on Monday, the Deputy Director General of the Police Department at the Ministry of Public Security, Major General Kanchanh Phommachack provided an update on the issue.Mr. Kanchanh mentioned the processes in place for victims of human trafficking to receive assistance through police forces at ...
Phontham Visapra
Laos Likely to Benefit from Thailand’s Energy Shortage
Kurit Sombatsiri, the Permanent Secretary of the Energy Ministry, informed that the rising prices of liquefied natural gas (LNG) and the weak baht could adversely affect energy costs next year. The Energy Policy and Planning Office (EPPO) met with Prime Minister Prayut Chan-o-cha on Monday to discuss ...
Amrita Paul
Laos prepares to produce bio-oil for domestic use and reduce imports
The Lao State Fuel Company signed an agreement here on 1 Nov, with GAIA Petro Co., Ltd of the Republic of Korea to launch a biofuel production project in Laos worth US$20 million. The biofuel production project aims to produce 500,000 litres of biogasoline daily.It ...
KPL
What Lies Ahead for Cambodia-Laos-Vietnam Trilateral Security Cooperation?
Last month, Cambodia, Laos, and Vietnam carried out the first-ever iteration of a joint rescue drill between them, an exercise that was years in the works. Though the interaction was just one of many developments within the ties between these three mainland Southeast Asian countries, ...
Prashanth Parameswaran
Lao Govt, CGN to develop a clean energy comprehensive project
A Memorandum of Understanding for a six-month feasibility study for clean energy comprehensive project in three northern provinces of Phongsaly, Luang Namtha and Oudomxay was signed in Vientiane last week between Deputy Minister of Planning and Investment Mrs Phonevanh Outhavong and president of CGN Energy ...
China-indebted Laos way more broke than advertised
Laos’ public debt could climb to nearly 95% of GDP by the end of 2022, making it one of the most heavily indebted and mostly likely to default nations in Asia, according to World Bank estimates published this month.Significantly, the World Bank’s already dire debt ...
DAVID HUTT