Vientiane Times/ANN

Laos' Inflation rate jumps to 3% in July

VIENTIANE (Vientiane Times/ANN) – The Consumer Price Index (CPI) continues to rise in Laos despite the government’s expanded measures to tackle the rising price of goods in markets.According to the Lao Statistics Bureau, the CPI reached 107.64 points in July, putting the annual inflation rate ...

Somsack Pongkhao
http://annx.asianews.network/content/inflation-rate-jumps-3-july-102115

LNCCI, banks sign agreement to improve access to finance

VIENTIANE (Vientiane Times/ANN) – The Lao National Chamber of Commerce and Industry (LNCCI) has signed an agreement with eight commercial banks to support efforts to strengthen business operators in Laos through access to finance.The cooperation agreement was signed recently in Vientiane between LNCCI and representatives ...

News Desk
http://annx.asianews.network/content/lncci-banks-sign-agreement-improve-access-finance-102114

PM visits disease outbreak areas in Saravan

VIENTIANE (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith has told ministries and local authorities to remain vigilant as they attempt to control the outbreaks of dengue fever and African swine fever in Saravan province.The premier gave the advice during his visit to the southern province, ...

Souksakhone Vaenkeo
http://annx.asianews.network/content/pm-visits-disease-outbreak-areas-saravan-102111

MRC steps up monitoring of Mekong flows

VIENTIANE (Vientiane Times/ANN) — The Mekong River Commission (MRC) is closely monitoring the flow of the Mekong amid growing threats from fluctuating weather conditions.“During this current period of regionally low flow and historically severe drought, the MRC is doing its utmost to predict and inform ...

Ekaphone Phouthonesy
http://annx.asianews.network/content/mrc-steps-monitoring-mekong-flows-102040

World Bank urges Laos to let kip follow market

VIENTIANE (Vientiane Times/ANN) – The World Bank has recommended that Laos let its currency follow the market as other nations cut interest rates in the wake of the US-China trade dispute.World Bank Senior Economist, Mr Somneuk Davading, gave the advice during the launch of the ...

Somsack Pongkhao
http://annx.asianews.network/content/world-bank-urges-laos-let-kip-follow-market-102043

Kaolao cave soon to reopen after new facilities built

VIENTIANE (Vientiane Times/ANN) – Kaolao cave in Nam-Eng village, Viengphoukha district, Luang Namtha province, will reopen at the end of this year after being closed for five months so that visitor amenities can be built.Head of the Luang Namtha provincial Information, Culture and Tourism Department, ...

Siladda Souliyong
http://annx.asianews.network/content/kaolao-cave-soon-reopen-after-new-facilities-built-102036

LDB to enhance collaboration with international partners

VIENTIANE (Vientiane Times/ANN) – Alipay is available for use by Lao and foreigners at the state-owned Lao Development Bank (LDB). The bank is also preparing to step up cooperation with international partners overseas and is expected to list on the Lao Securities Exchange at some ...

News Desk
http://annx.asianews.network/content/ldb-enhance-collaboration-international-partners-102041

Laos’ economic prospects remain bright: IMF

VIENTIANE (Vientiane Times/ANN) – The International Monetary Fund (IMF) is predicting a favourable outlook for Laos’ economic growth in the upcoming years despite the present difficulties.The international financial institution unveiled its projection last week as part of the Article 4 Consultation with the Lao PDR ...

Ekaphone Phouthonesy
http://annx.asianews.network/content/laos%E2%80%99-economic-prospects-remain-bright-imf-102035

PM: Laos will not authorise unsustainable tourism projects in Vangvieng

VIENTIANE (Vientiane Times/ANN) – The government will not grant permission to proposed tourism projects in Vangvieng if no sustainable development plan is available or applicable, Prime Minister Thongloun Sisoulith has told local authorities.Some developers have submitted proposals to the cabinet seeking a green light to ...

Souksakhone Vaenkeo
http://annx.asianews.network/content/pm-laos-will-not-authorise-unsustainable-tourism-projects-vangvieng-101966

Constraints on Lao SMEs obstruct business operations

VIENTIANE (Vientiane Times/ANN) – A World Bank survey has suggested that Small and Medium-sized Enterprises (SMEs) in Laos face a range of constraints, most notably difficulty accessing finance, the practices of informal competitors, and electricity outages.Access to finance has become even more difficult over the ...

News Desk
http://annx.asianews.network/content/constraints-lao-smes-obstruct-business-operations-101968

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