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Tuesday, December 24, 2024
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Economy

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 13 million to upgrade six bridges and improve road safety on National Road No. 8 which connects Laos, Thailand and Vietnam.   Korean Ambassador Jung Yung Soo highlighted the project as a symbol of Laos-Korea cooperation and...

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...

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...

Laos Cabinet and National Assembly Meet to Discuss Economic Woes

Cabinet ministers and National Assembly members held a special meeting yesterday to discuss the country's growing economic problems. The meeting, co-chaired by Mr. Xaysomphone Phomvihane,...

State Inspection Authority: USD 732 Million Lost to Corruption Since 2016  

Since 2016, the Lao government has lost funds in various currencies totaling USD 732 million to corruption, according to a recent report. The State Inspection...

Housing for Attapeu Flood Victims Still Unfinished

New homes for victims of the 2018 dam collapse in Attapeu Province have yet to be completed nearly four years after the disaster. KPL reports...

Lao New Year Ticket Turmoil on Laos-China Railway

An increase in travel ahead of the Lao New Year holiday has caused mayhem at ticketing offices along the Laos-China Railway. Lengthy queues formed at...

Uncontrollable Inflation Reaches 8 Percent in Laos

Laos' year-on-year inflation rate increased to 8.5 percent in March, the highest recorded in some years. According to information provided by the Bank of Laos,...

Railway Extension between Laos and Thailand to be Complete by June

An extension of the Laos-Thailand Railway between Thanaleng Station and inner Vientiane is expected to be complete by June this year. An update on the...