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Category: Finance

Laos owes billions to China and it can’t get inflation under control
Finance, Laos

Laos owes billions to China and it can’t get inflation under control

adminNovember 18, 2024

For three years, prices have risen by more than 20 per cent – forcing a growing number in the Southeast…

Food security in Laos improves but inflation drives migration: World Bank report
Finance, Laos

Food security in Laos improves but inflation drives migration: World Bank report

adminSeptember 8, 2024

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?
Finance, Laos

Is Laos facing a China debt trap?

adminJuly 23, 2024July 23, 2024

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
Finance, Laos

How Laos’ plans to fast-track development left it facing a debt and inflation crisis

adminJuly 18, 2024July 18, 2024

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
Finance, Laos

Laos central bank shake-up reveals forex crisis, China dependence

adminJuly 15, 2024

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?
Finance, Laos

Is the Lao State Collapsing?

adminMay 9, 2024

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
Finance, Laos

Laos debt at ‘critical level’ with China payments still opaque

adminSeptember 22, 2023

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
Finance, Laos

Much ado about nothing: the nonsense of Steve Hanke’s inflation rates

adminJuly 11, 2023July 11, 2023

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
Finance, Laos

Laos turns to China for gasoline imports amid economic crisis

adminJuly 6, 2023July 6, 2023

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
Asia, Finance, Laos

Kakao Pay launches ATM service in Japan, Vietnam, Laos

adminJuly 5, 2023July 5, 2023

The amenity is offered in Japan, Vietnam and Laos in collaboration with Hana Bank affiliate GLN South Korea’s Kakao Pay…

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