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Wednesday, December 25, 2024
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Economy

Bamboo Concession Project to Boost Local Economy in Oudomxay Province.

On 20 December, Oudomxay Province signed a concession agreement with Ammata Lao Lanexang Co., Ltd., a private company, granting them the rights to utilize a total of 697 hectares of land in the province for bamboo concession projects. The agreement establishes the company’s operations in two main areas: The first area...

Vientiane Faces Higher School Dropout Rates in 2023-2024

Dropout rates in Vientiane Capital increased by approximately 13.3 percent during the 2023-2024 school...

Korea Funds Bridge, Road Safety Upgrades on National Road in Laos

On 19 December, the Korea International Cooperation Agency (KOICA) announced a grant of USD...

Vientiane Surpasses Poverty Reduction Target, 99.43% Progress Achieved

Almost the entirety of Vientiane’s population is now above the poverty line, according to...

State Budget Mismanagement Uncovered in Vientiane Capital

Laos is facing issues in managing its state budget, with billions of kip unaccounted...

Oudomxay Estimates Over LAK 60 billion to Repair Roads

Department of Public Works and Transport in Oudomxay Province has estimated that more than LAK 60 billion will be required to rebuild roads damaged...

Laos Inflation Rate Hits an All-Time High of 30 Percent

Year-on-year inflation in Laos increased to 30 percent in August, according to the latest numbers from the Lao Statistics Bureau. The inflation rate for August...

Khammouane Expects to Repay LAK 478 Billion Debt in 10 Years

Authorities in Khammouane province are planning to repay debts of over LAK 478 billion from 53 development projects, over the next 10 years. Vientiane...

Top Credit Rating Agency Plans to Withdraw its Rating for Laos

Fitch recently announced that it plans on withdrawing its rating for Laos by the end of September.  No further clarification was offered by the American...

Flooding Wrecks 90% of the Agricultural Land in Oudomxay

Tropical storm MA-ON has severely damaged 90 percent of agricultural lands and irrigation systems in some districts of Oudomxay Province. Mr. Phimmasane Khonsilivong, head of...

Thai Court Shoots Down 10-year-old Case Against Laos’s Xayaburi Dam

A senior court in Thailand has thrown out a lengthy case by activists against the Xayaburi Dam in Laos. The Supreme Administrative Court of Thailand...