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Sunday, December 22, 2024
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Economy

State Budget Mismanagement Uncovered in Vientiane Capital

Laos is facing issues in managing its state budget, with billions of kip unaccounted for, according to the Vientiane Capital People's Assembly on 19 December. President of Central Region Audit Office No.1, Khammone Bouaphanh revealed that LAK 4.77 billion (about USD 217,000) had not been transferred to the official state...

Rising Costs Prompt Market Reform Proposals

National Assembly Representative for Vientiane Capital, Valy Vethsaphong, has called on the Lao government...

Vientiane Economy Hits 5.85 Percent Growth, Beating Expectations

Vientiane Capital's economy grew by 5.85 percent, surpassing the National Assembly's initial target of...

Phout Simmalavong Receives Japan’s Order of the Rising Sun in Official Ceremony

On 18 December, Phout Simmalavong, Minister of Education and Sports and President of the...

Creative Economy Revolution: How ASEAN’s Youth are Leading the Charge

On 2 to 5 December, the Young Southeast Asian Leaders Initiative (YSEALI) Summit 2024...

Thailand to Legalize Undocumented Workers from Neighboring Countries

Thailand has said it hopes to legalize undocumented migrants to meet an increased demand for foreign labor. Bangkok Post reports that If the plan is...

New Economic Corridor to Boost Regional Trade through Laos

The World Bank's Board of Executive Directors has authorized a USD 132 million project to boost climate-resilient transport connections and regional commerce along an...

Khammouane Fuel Chief Urges Residents to Reduce Travel

A top executive at the Khammouane Branch of the Lao State Fuel Enterprise has called on residents to conserve fuel and give priority to...

Farmers in Laos Make Desperate Plea for Assistance Amid Fuel Crisis

Lao farmers are in desperate need of fuel and are pleading for an urgent solution to the ongoing fuel crisis. The Lao Farmers Network made...

Laos Sees Trade Deficit of USD 102 Million in April

Laos posted a trade deficit of 102 million US dollars in April, the first trade shortfall in 2022 following three months of trade surplus. According...

Laos Economy Short-changed by Foreign Currency Outflows

Foreign currency outflows have outpaced inflows, resulting in a lack of foreign currency, and making it harder for the economy to import commodities. Vientiane Times...