Despite the country’s persistent efforts to curb inflation, Laos experienced an average inflation rate of 31.2 percent throughout 2023. But the central bank and the Lao government are committed to taking action and reducing the rating by 9 percent in 2024.
Government Targets Lower Inflation Rates in 2024
Don Det Emerges as a Tranquil Haven for Stressed Travelers
As the trend of dispersed tourism rises, Don Det, an island in Champasak Province’s Si Phan Don archipelago, is gaining recognition as a top destination amid the serene Mekong River waters.
Beyond Borders: A 31,000 KM Motorcycle Journey from Laos to Europe
In the comforts of everyday life, it is uncommon to see someone stop in their tracks and take on a challenge of such great magnitude. However, comfort was not going to stop Dale Garner, an Australian man, and Raphi Ela, a German woman, from spearheading the challenge.
Laos Advances Russian Language Education with Cultural Festival
A series of events unfolded in Vientiane Capital, Laos, as the Association of Teachers of Literature and Russian Language hosted “Russian Language in Asia” on 21-22 December.
Students in Indonesia Protest the Growing Numbers of Rohingya Refugees in Aceh Province
BANDA ACEH, Indonesia (AP) — Students in Indonesia’s Aceh province rallied on Wednesday demanding the government drive away Rohingya refugees arriving by boat in growing numbers as police named more suspects of human trafficking.
South Korean Actor Lee Sun-Kyun of Oscar-Winning Film ‘Parasite’ Found Dead
SEOUL, South Korea (AP) — Lee Sun-kyun, a popular South Korean actor best known for his role in the Oscar-winning movie “Parasite,” was found dead in a car in Seoul on Wednesday, authorities said, after weeks of an intense police investigation into his alleged drug use.
Laos Charts Course for Growth in 2024 with Tourism Focus, Infrastructure Overhaul Amidst Economic Challenges
As 2023 nears its conclusion, Laos continues to face economic challenges, including surging inflation, a scarcity of labor, and an expanding trade deficit. In response, the nation has initiated the Visit Lao Year 2024 campaign, turning to tourism as a key strategy to overcome economic obstacles and lay the groundwork for a prosperous ASEAN chairmanship in 2024.
Laos to Grow EV Market, Fueled by Renewable Energy Ambitions
The burgeoning popularity of electric vehicles (EVs) in Laos has marked significant growth in 2023, with a total of 4,631 EVs sold, comprising 2,592 cars and 2,039 motorbikes.
