16 June 2022

Cryptocurrency trade adds millions of dollars to state budget
- President pushes for stronger agribusiness in Vientiane province
Party Secretary General and State President Thongloun Sisoulith on Tuesday visited agricultural and other businesses in Vientiane province to promote crop growing and livestock production as important pillars of sustainable socio-economic development. During their tour of the province, the President and his delegation visited the Phetchaleunsap Cattle Farm, which was established in 2019 in Thoulakhom district. The owners have invested 21 billion kip in the farm, which currently has 288 cattle, and plan to increase investment to 205 billion kip. There are also plans to expand the existing 12-hectare site to 120 hectares and increase the size of the herd to 2,700. ..More >>>

Kip depreciation deals heavy blow to Lao economy
The Lao kip has plunged to a record low in recent days against the US dollar and Thai baht despite the government’s attempts to stabilise currency exchange rates. The value of the national currency has nosedived since the end of March, the Governor of the Bank of the Lao PDR, Mr Sonexay Sitphaxay, told National Assembly members this week. Over the past five months, the kip dropped in value by 7.79 percent against the US dollar and 8.43 percent against the Thai baht compared to the figures recorded at the end of last year, due to a supply-demand mismatch. ...More >>>

- Cryptocurrency trade adds millions of dollars to state budget
Several million dollars have been generated from the trade in cryptocurrency after the government authorised 13 companies to operate a digital currency business, the government told the National Assembly (NA). Eleven of the 13 companies have carried out transactions in digital currency. Ten of the companies have handed over US$4.5 million (more than 66 billion kip) and 5.71 billion kip to the government in copyright fees in return for permission to operate the business. Two companies, which are among this group of 10, have been granted permission by the Bank of the Lao PDR to trade in cryptocurrency, Minister of Finance Bounchom Oubonpaseuth told the ongoing 3rd   ....More >>>
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- Asian education ministers plan transformation of education 
Ministers of Education from across Asia, including Laos, have discussed challenges and explored opportunities to recover lost learning during the Covid pandemic and transform education.. .More >>>

Laos elected member of UN’s Economic and Social Council
The United Nations General Assembly has elected new members of the Economic and Social Council (ECOSOC) for the term 2023-2025, according to the Ministry of Foreign Affairs. ....More >>>

Health ministry promotes measles-rubella vaccination 
Local authorities are key to encouraging people in their communities to get vaccinated against measles and rubella, to secure the gains made against these viral ...More >>>

- Truck crash in Hadxaifong kills three 
Three people died instantly and two others were injured when a 10-wheel truck collided with a motorbike and then careered into a house in Thinphia village, Hadxaifong district, Vientiane on Tuesday.. ..More >>>

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NA members demand solutions to fuel shortage, inflation, exchange rates
National Assembly (NA) members have asked the relevant ..More >>>

Miss Douangchai crowned Little Asia Pacific Princess
Miss Universe Beauty Power Laos Kids 2021, Miss Douangchai Phongsa, ....More >>>

Friendship for the advancement of Lao and Vietnamese women
This story marks the Laos-Vietnam Solidarity and Friendship Year 2022 ..More >>>

Canada to suspend COVID-19 vaccine mandate for domestic, outbound travel
OTTAWA (Xinhua) -- The Canadian federal government announced Tuesday that ... More >>>

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What should be done to reduce congestion at petrol stations?
The ongoing fuel shortage is causing long queues at petrol stations across the ...More >>>

Lao vovinam team faces uphill battle at next year’s SEA Games
Laos’ vovinam gold medalists are training hard in anticipation of ..More >>>

Tad Fane, a waterfall in paradise
Pakxong district in Champassak province lies on the Bolaven Plateau in southern Laos and is renowned for its coffee plantations. .....More >>>





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