Economy

Laos Inflation Eases to 7.7 Percent as Electricity Costs Remain High

Laos’ inflation edged down to 7.7 percent in October from 7.8 percent in September, but households continue to face higher electricity bills and other everyday expenses. Prices rose 0.9 percent during the month, while the consumer price index reached 279.5, up from 259.6 a year earlier. Inflation averaged 7.9 percent...

Laos Links South Korea Work Visas to Overstay Rates as Program Expands

Laos will suspend access to South Korea’s seasonal work program for 3 years if...

Laos Bans Money Bouquets, Crafts Made From Kip Banknotes

Laos has banned the production, sale, and advertising of crafts made from kip banknotes,...

Laos Targets Faster Border Checks in USD 5 Million Trade Project

Laos is preparing local businesses for higher costs when selling goods abroad, as the...

Thailand’s AIS Plans USD 43.35 Million Investment in Lao Telecom

Thailand’s mobile operator AIS plans to invest USD 43.35 million in Lao Telecom, one...

Authorities Crack Down on Shady Petrol Operations

With many car owners using social media as a platform to vent their frustration about petrol stations defrauding customers in Vientiane, Savannakhet and Champassak...

US Grants over 3 Million USD to UXO Project

The US government has signed a Memorandum of Understanding (MoU) granting 24 billion kip (US$3,026,000) to Laos, in support of a rural development project...

Lao Statistics Aims for International Standards by 2020

On June 29th, a seminar on scientific statistics was held at the Center for International Cooperation and Training and under the theme, “enhancing production...

Aroma Banana Farms Banned in Vientiane Province

Effective September 17, investors looking to grow aroma bananas in Vientiane province will no longer be able to obtain the necessary permit for it. Since...

Prime Minister Urges Unity to Tackle Illegal Drug Trade

Prime Minister Thongloun Sisoulith has implored for Lao citizens to unite in an effort to join the global fight against the illegal drug trade. Monday,...

“Visit Laos Year 2018” to Launch in November

With government officials strongly promoting tourism on the national agenda, the country is preparing to launch the “Visit Laos Year 2018” campaign in an...