Laos owes billions to China and it can’t get inflation under control
For three years, prices have risen by more than 20 per cent – forcing a growing number in the Southeast…
Category: Finance
Food security in Laos improves but inflation drives migration: World Bank report
Survey shows that 93 percent of international migrants cited better pay and job prospects as their primary reasons for leaving…
Is Laos facing a China debt trap?
China has financed major infrastructure projects in Laos, but the return on investment has yet to overcome the small country’s…
How Laos’ plans to fast-track development left it facing a debt and inflation crisis
Laos is in serious economic trouble. The developing South-East Asian country borrowed big — mainly from China through the Belt…
Laos central bank shake-up reveals forex crisis, China dependence
Vientiane may need more help from Beijing to stem cash outflows BANGKOK — Two years after a shake-up at the…
Is the Lao State Collapsing?
The current economic crisis has hollowed out the capacity of an already weak state apparatus. It was quite an admission.…
Laos debt at ‘critical level’ with China payments still opaque
Economists say ASEAN nation obscuring true scale of crisis VIENTIANE — When a ChinaAid sign was recently erected in front…
Much ado about nothing: the nonsense of Steve Hanke’s inflation rates
For more than three years, Steve Hanke, an economist at Johns Hopkins University’s Department of Environmental Health and Engineering, has…
Laos turns to China for gasoline imports amid economic crisis
As inflation keeps surging, a lawmaker calls for a higher minimum wage. Laos has begun importing gasoline from China instead…
Kakao Pay launches ATM service in Japan, Vietnam, Laos
The amenity is offered in Japan, Vietnam and Laos in collaboration with Hana Bank affiliate GLN South Korea’s Kakao Pay…