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Friday, April 4, 2025
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Economy

Bank of Laos Reduces Transfer Fees on Foreign Currency Deposit Accounts

On 3 April, the Bank of Laos (BOL) made a new announcement, mandating that transfers between foreign currency deposit account holders will incur a fee of 0.3 percent, with charges ranging from USD 1 to USD 30 per transaction. This new regulation is set to become effective on 5...

Social Media Users Question Government Report Claiming Poverty Eradication in Vientiane

A recent government report claiming that 99.43 percent of families in Vientiane Capital have...

Laos Sets Ambitious Targets for Energy, Mining Sector

Lao Prime Minister Sonexay Siphandone has outlined a vision for the energy and mining...

Vientiane to Get Real-Time Bus Tracking with ViaBus

The Lao government is teaming up with Thailand to introduce ViaBus, a real-time bus...

Lao Business Forum Highlights Progress, Challenges, Path Forward for Private Sector Development

At the 16th Lao Business Forum, held at the Don Chan Palace in Vientiane...

Climate, Peace, Development Desires Aired as Laos Meets World at Annual UN Assembly

Between US President Donald J. Trump's signature America First rhetoric and self-appraisals generating "spontaneous murmurs" and the attendance of New Zealand's first baby and...

Laos’ economic growth rate revised to 6.6%, floods dampen prospects

Anyone who has been flicking on screens to news of floods in Laos, extreme weather-related disasters in the region and trade frictions beyond will...

Counting the Costs: Disaster Needs in Laos Accumulate as Gov, UN, EU, WB Calculate Impacts

The tragic loss of life and heavy impacts on livelihoods amid disaster triggered by pounding rains and rushing waters means there is no doubt...

Laos’ PM Thongloun Confirms Hydropower Policy at WEF on ASEAN

International experts continue investigative efforts alongside Lao regulators looking into the causes of the fatal Xe Pian Xe Nam Noy dam collapse in Attapeu...

South Koreans Latest To Get 30 days Visa-Free Travel in Laos

South Korean visitors, backpackers, business travellers, package tourists, honeymooners and independent adventurers alike can now stay in Laos for up to 30 days without a...

Bank of Laos Warns Public Against Use of Cryptocurrencies

The Bank of Laos (BOL) has issued a notice warning the public against the use of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, which are unregulated...