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Saturday, April 26, 2025
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Economy

East Asia Pacific Growth Slows in 2025, World Bank Says

East Asia and Pacific has led in economic growth, but to sustain momentum and create jobs, countries must address global uncertainties. Key challenges include shifting global integration, climate change, and demographic trends. According to the World Bank Group’s latest 2025 Regional Economic Update , it is expected to slow to...

Thailand-Cambodia Crime Pact Shouldn’t Undermine Human Rights, Says Right Group

Thailand and Cambodia’s new agreement to combat transnational crime must not come at the...

Lao, China Bilateral Trade Increases to USD 8.23 Billion in 2024, Marking Significant Growth

In 2024, Laos and China achieved a significant milestone in trade, with a total...

United States Plans to Hit Southeast Asian Solar Imports with Tariffs as High as 3,400 Percent

On 21 April, the United States Department of Commerce announced its final decision in...

Foodpanda to Cease Operations in Thailand, Parent Company Announces

Foodpanda will cease its operations in the country on 23 May, its German parent...

Sepon and Phu Bia Mines Set to Close Operations by 2020

Energy and Mines Minister Khammany Inthilath, in his address to the National Assembly, stated that since 1990, the Lao Government has had an open...

New Minimum Wage Set at 1,100,000 Kip Expected to be Announced On Labor Day

Within three months, the raising of the country's minimum wage to 1,100,000 kip per month is expected to materialize. The current wage has been...

Mongolia to provide Sheep to Lao People’s Army

The Mongolian government has agreed to provide 1,000 sheep to the Lao People's Army battalion in Xieng Khouang Province. A meeting was held between Mongolian...

Minimum Wage Increase Planned for This Year

From 1991 to 2015, the minimum wage has increased a total of 7 times in Laos. According to the Department of Labor Regulation, an 8th change is set...

Euler Hermes: Growth Is Firm, But Fundamentals Remain Weak in Laos

Euler Hermes, an Allianz company, has released a brief country economic report on Laos. The following is an excerpt from the report: ECONOMIC OVERVIEW Solid growth...

Savannakhet Reaches Population of 1 Million

Savannakhet Province is now officially the province with the largest population in Laos, according to a report released by the provincial statistics bureau on...