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...

Laos and Thailand Build One Map to Improve Resource Management

With the vision of “one map, one community, one nation,” government and private sector representatives from Laos and Thailand have exchanged information on a...

Government Plans to Settle Debts by Second Quarter

Government officials are planning to settle over 400 billion kip on balances owed to companies, for completing State investment projects by the end of...

Police Regulate Unauthorized Street Traders

In an effort to declutter the streets of Vientiane, authorities took to the footpaths along Khouvieng Road, surrounding areas of Kuadin market and several...

Daewoo E&C Infiltrates Laos Infrastructure Development

On June 15, in attempt to win future bids on developing Lao infrastructure projects, Daewoo Engineering and Construction Co. (Daewoo E&C) signed a Memorandum...

Riding the Globalization Wave

Driving through the capital city of Vientiane, its apparent that in the past five years, the country has stepped up its globalization game. With...

Connecting the Unconnected with an Offline Internet System

In this day and age, one thing is for certain; information is power. Over four billion people in developing countries are missing out on that...