17 June 2022

Lao, Thai, Chinese firms ink deal on rail freight
- Sufficient fuel will be available from Monday, govt tells NA
There will be sufficient supplies of fuel available countrywide starting on Monday, until at least August, the government has assured the National Assembly (NA). Minister of Finance Bounchom Oubonpaseuth gave the assurance on Wednesday in response to questions raised by Assembly members during the ongoing 3rd Ordinary Session of parliament’s 9th legislature. The government reached an agreement with companies responsible for fuel supply on Thursday, and has issued a letter of credit pledging 200 million litres of fuel to the Lao State Fuel Company. ..More >>>

BOL places curbs on currency exchange in bid to stabilise kip
The Bank of the Lao PDR will limit the functions of currency exchange units across the country, as part of efforts to regulate foreign currencies and stabilise the value of the kip. Under the new policy, money changers will be banned from trading in foreign currencies with organisations and companies.
“Currency exchange units will only be allowed to change money for individuals and tourists, up to a maximum 15 million kip per person per day,” the Governor of the Bank of the Lao PDR, Mr Sonexay Sitphaxay, told the National Assembly on Wednesday. ...More >>>

- Lao, Thai, Chinese firms ink deal on rail freight 
Four companies, from Laos, Thailand and China, have signed an agreement on the transport of freight using the Laos-China railway, to facilitate the shipment of exports. A Memorandum of Understanding on railway transport cooperation was signed in Vientiane on Wednesday by China’s Haihan International Logistics Co., Ltd., Soldrich Express Co., Ltd. from Thailand, and Sengxay Prosperity Trading Export-Import Co., Ltd. and SX International Trade Import-Export Sole Co., Ltd. from Laos.  The agreement was signed by Chairperson of SX International Trade Import-Export Sole Co., Ltd, ....More >>>
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- Govt raises minimum wage for private sector employees 
The government has agreed to increase the monthly minimum wage from 1,100,000 kip to 1.3 million kip for private sector employees, in an attempt to keep pace with the rising cost of living. .More >>>

- Lao Airlines to add more flights to S. Korea

Lao Airlines plans to increase the number of flights operating between Vientiane and Incheon in the Republic of Korea. ....More >>>

Deputy PM urges tougher action on human trafficking in Bokeo 
Deputy Prime Minister Prof. Dr Kikeo Khaykhamphithoune has instructed Bokeo authorities to do more to combat human trafficking, during a visit to ...More >>>

- Crocodile conservation milestone achieved at Xe Champhon Ramsar Wetlands
Siamese crocodiles are critically endangered, with less than 1,000 individuals remaining in the wild, partly because, in natural populations, less than 5 percent of eggs laid survive to adulthood. ..More >>>

- Govt to create a skilled workforce, NA told
The government is working to build a qualified workpool to meet the country’s development needs, Minister of Planning and Investment, ..More >>>

What's on in Laos

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Govt green light for investments in EVs to reduce expenditure
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National Circus to organise shows to celebrate 56th anniversary
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UN chief urges protection, promotion of women’s rights amid proliferating crises
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What are your views on the proposed minimum wage increase?
The authorities will raise the amonthly minimum wage, which currently ...More >>>

Lao wrestling federation to train rising stars for 2023 SEA Games
The Lao Wrestling Federation will initiate a rigorous training regime ..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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