Lao kip
Laos bans residents from holding foreign currency
The central bank of Laos has plans to ban the country’s residents from holding foreign currencies amid spiraling inflation and the rapid depreciation of...
Laos tumbles towards sovereign debt default
Facing a toxic combination of high external debt, dwindling cash reserves, surging inflation and a nosediving currency, the small Southeast Asian nation of Laos...
Labour Day brings new minimum wage to Laos: $130 per month
All businesses and factories in Laos are required to increase the minimum wage from 900,000 kip (some $108) to 1.1 million kip ($133) a...
Laos launches plan to stem illegal logging after revenue drop
Authorities in Laos have launched a pilot programme to track the source of timber from sawmills and wood-processing plants after Lao Prime Minister Thongsing...
Laos: High inflation deters foreign investors
Rising inflation in Laos is undermining the country's attraction as a low-cost manufacturing base, a report said on March 20 , although investment figures...
Laos government vows to pay state employees
Laos' ministry of finance has vowed that it will strive to make regular salary payments to state employees, starting from January 2014, the Vientiane...
Vientiane owes investors $30 million
Vientiane authorities said on October 25 that the Lao capital owes 237.22 billion kip (around $30 million) to investors who funded 118 projects, mainly...
Growth forecast for Laos set at 8%
The World Bank has forecast 8 per cent GDP growth for Laos in 2013, driven mainly by mining and hydropower projects, despite the country's...
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Russia’s Putin offers investment in new Indonesian capital
Russian President Vladimir Putin offered his Indonesian counterpart Joko Widodo investment in the country’s planned new capital, Bloomberg News cited a statement by the...
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Russia’s Putin offers investment in new Indonesian capital
Russian President Vladimir Putin offered his Indonesian counterpart Joko Widodo investment in the country’s planned new capital, Bloomberg News cited a statement by the...