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Tags Posts tagged with "Lao kip"

Lao kip

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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...

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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

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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

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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

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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

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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

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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%

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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...