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; a Key Part in the Grand Scheme of Things

The “One Belt, One Road” initiative is a crucial part of China’s development strategy to deepen economic cooperation with countries in Asia, Europe and...

Trillions of Kip Emerge From State Audit

Following an audit conducted by the State Audit Organization, an estimated 3.135 trillion kip (USD 384.776 million) has been uncovered as additional revenue, representing...

Authorities Warn Public of Organised Crime Involving ATM Fraud

Police officers are are in pursuit of two wanted criminals who are suspected to be using fake ATM cards to withdraw money from various...

Everything You Need to Know about the Laos-China Railway

The Laotian Times provides a concise, easy-to-read summary of the Laos-China Railway: Total length: 414.332 kilometers (over 62 percent consists of bridges and tunnels: 258.5 km...

Laos to Export More Rice to China: PM

China has agreed to purchase 20,000 metric tons of organic rice per year from Laos, according to a statement by Prime Minister Thongloun Sisoulith. Approximately...

Laos To Export Electricity To Malaysia by September

Laos is to export electricity to Malaysia by September.  100 megawatts of electrical power will be sent to Malaysia by this September, according to...