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Lao People Are Paying Too Much For Rice

Lao people are paying some of the highest prices for rice in the region despite the country being a significant rice producer, according to the recently released World Bank Economic Monitor on Laos.

Rice is the country’s biggest agricultural commodity. The crop covers about 75% of arable land in the country and 90% of production …

World Bank Economic Report: Formal Vs. Informal Financial Services

A World Bank report released last week reports that “informal” financial services continue to play an important role in the lending sector in Laos despite the fervent growth of legal micro-finance institutions (MFIs) around the country.

According to the report, which employs data garnered from Lao authorities, the legal micro-finance sector saw rapid expansion around the country. The …

PM: Laos Won’t Graduate From Least Developed Country Status by 2020

Laos Least Developed Country

In a surprise revelation, Prime Minister Sisoulith told the members of the National Assembly last week that despite the government’s enormous efforts, Laos will not be able to graduate from its Least Developed Country (LDC) status by 2020, a goal that has been one of the nation’s priorities since 2001.

In response to the pressing concerns of …

PM Sisoulith: First Half of 2018 Sees Economy Grow at 6.7%

Prime Minister Thongloun Sisoulith told the 5th Ordinary Session of the National Assembly on Tuesday that the country’s economic development has been advancing as expected with the first half of this year seeing a growth rate of 6.7%.

Based on data collected in the first four months of this year, agriculture is …

Lao Prime Minister Tightens Regulations Against Wildlife Trafficking

PM Order against Protected Wildlife Trafficking

Prime Minister Thongloun Sisoulith has issued an order to tighten regulations against hunting and trade of protected wildlife. Individuals or groups that breach the order are to be arrested and prosecuted.

The PM issued the Order for Increased Stringency in Management and Inspection of Protected Wild Fauna and Flora, No. 05/PM, …

Town of Kaysone Phomvihane Officially Declared a City

Kaysone Phomvihane City

The town of Kaysone Phomvihane, capital of Savannakhet Province, has been officially declared a city after the government recently announced the upgrade of three provincial capitals to city status.

A ceremony was held on May 25 to announce the new status of Kaysone Phomvihane City, and to celebrate the one …

Fifth Lao-Thai Friendship Bridge Approved

The Lao and Thai governments have officially given the green light to the construction of the 5th Lao-Thai Friendship Bridge that will soon link Beung Kan Province in northeastern Thailand to Paksan, Bolikhamxay Province in Laos.

An anonymous source from the Ministry of Public Works and Transport (MPWT)) told local newspaper …

Fuel Prices Rise Again and May Rise Further

The retail price of fuel has just risen again as of Saturday (May 26).

According to a statement signed by the Minister of Industry and Commerce, petrol companies and gas stations across the country must now increase the retail price by 200 kip/liter for premium grade, 100 kip/liter for regular petrol, and 100 kip/liter for diesel.

In the capital …