News

Inflation continues to spiral out of control in Laos, with the country’s Statistics Bureau announcing this week that the country’s year-on-year inflation had risen to a 22-year high of 23.6 percent in June. According to a report in the state-run Vientiane Times, the consumer price index ...

The Lao Development and Investment Co., Ltd. (LDIC), the Canadian GEIOS Company and the Wealth Power Group of Vietnam (WPC) have recently signed a joint venture agreement in Vietnam on a geothermal energy development project in Laos. By signing a cooperation agreement on 23 June ...

Abnormally high-water levels in the Mekong River at the end of May indicate that dams on the river must release less water during the dry season to protect the ecosystem, experts said at an online panel Monday. Rain levels during the dry season this year have ...

Laos currently has 4.5 million hectares of agricultural land, with 2 million hectares dedicated to rice farming and the rest to crop and animal farming.The ministry is implementing land allocation and demarcation projects for protected areas in response to small, medium, and large investments in ...

For the past few months, the nation has been hit by rising global oil prices and a weakening local currency, which have led to a steep rise in the price of fuel and widespread shortages. In April, petrol and diesel prices rose 72 percent and ...

The Lao kip has plunged to a record low in recent days against the US dollar and Thai baht despite the government’s attempts to stabilise currency exchange rates.The value of the national currency has nosedived since the end of March, the Governor of the Bank ...

For the first time in the Lao PDR, on May 26-27, key justice agencies came together to explore how they could fulfill their role in responding to and preventing violence against women. This training session follows the recommendations outlined in a detailed capacity needs assessment ...

The government has formed a new taskforce to address the fuel crisis, the spiralling price of consumer goods, and dwindling foreign currency reserves.The move comes as Laos battles a damaging fuel shortage in the wake of the depreciation of the kip. The unfavourable exchange rate ...

The Ministry of Industry and Commerce and the Lao Fuel and Gas Association are urging members of the public to be frugal in their use of fuel and not to travel unnecessarily, so that enough reserves of petrol are available for use for farming and ...

Community and government stakeholders yesterday visited Lane Xang Minerals Limited (LXML) Sepon mine opened the first modern underground mine in Lao PDR.With a mineral resource of 9.5 million tonnes and projected ore production to increase from 400,000 tonnes in 2023 to 1.2 million tonnes per ...