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Monday, December 23, 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...

Nam Ngum 4 Hydropower Project 90% Complete

The Nam Ngum 4 Hydropower Project in Xieng Khouang province is now 90% complete, valued at over USD 760 million.  KPL reports that Xieng Khouang,...

National Assembly Passes Resolution On Fuel Price Stabilization Measures

The National Assembly of Laos has passed a resolution to reduce the excise tax on fuels in order to attempt to avert a fuel...

Covid and Conflict Complicate Fruit Supply Across Southeast Asia

China’s zero-Covid policy for imports has disrupted the Thai exportation of durian crops, while coffee farmers in Vietnam have resorted to growing avocados and...

Laos to Seek Oil From Russia

A notice issued by the Prime Minister's Office yesterday directed relevant ministries to seek cheap oil from Russia. The notice was in response to proposals...

Inflation Reaches 9.9 Percent in Laos

Year-on-year inflation in Laos increased to 9.9 percent in April, according to the latest statistics from the Lao Statistics Bureau. Inflation jumped from 6.25 percent...

Government of Laos calls on Society to Save Petrol

The Government of Laos has called on society to try to save petrol as much as possible amid a growing fuel crisis in the...