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IFC to Develop Credit System in Laos

Credit System in Laos

The International Finance Corporation, the financial arm of the World Bank Group, is in talks with the Bank of the Lao PDR (BOL) to reform the credit system in Laos.

The reform is part of broader efforts to improve the country’s financial infrastructure and facilitate lending for smaller businesses,

Singapore President Tony Tan Makes Official Visit to Laos

Singapore-and-Laos

President Bounnhang Vorachit received the President of the Republic of Singapore, Dr Tony Tan Keng Yam, at the Presidential Palace yesterday for diplomatic discussions.

Laos and Singapore are to strengthen relations and continue cooperation in a number of areas.

Dr Tan and his delegation arrived in Vientiane on Wednesday, and …

Traffic Accidents Bleeding the Lao Economy

Traffic Accidents in Laos

Traffic accidents are one of the largest causes of death in the Lao PDR, and are also causing massive economic losses, according to one economist.

Police reports state that 1,086 deaths were caused by traffic accidents in 2016, with the number of injuries caused by traffic accidents reaching 8,912.  The …

50 Dengue Fever Cases Already Reported in 2017

Dengue Fever

More than fifty cases of dengue fever have already been reported across Laos since the beginning of 2017.

The Surveillance Unit of the Ministry of Public Health has warned that although the nation has implemented strategies to reduce outbreaks of dengue fever, there have already been multiple cases reported this …

ALO Technologies Ambushes Lao Smartphone Market

ALO M5 Lao Smartphone

ALO, the world’s first Lao smartphone, will make its debut in stores around Laos later this month.

The ALO brand of smartphone is part of a larger group of electronic products offered by ALO Technologies Laos. The company hopes to become the number one choice in technology products and …

Land Use Right Holders on 450 Year Road Reject Compensation

Land Use Rights 450 years Rd

Owners of land use rights for the remaining 167 plots along the 450 Year Road in Vientiane are still refusing to accept the compensation offered in return for the land they lost to the US$104 million highway, an official told the Vientiane People’s Council yesterday.

The government approved the construction …

Vientiane Sustainable Urban Transport Project Underway

vientiane sustainable urban transport project

An official in charge of the Vientiane Sustainable Urban Transport Project has said that financial support has been obtained that will help establishment of a BRT (Bus Rapid Transport) system, which is one major goal of the project.

The Asian Development Bank approved a loan of US $35 million to …

LAOS: Electricity Facts

Electricity Facts Laos

Certain members of the foreign media have hailed Laos as the “battery of Southeast Asia,” with one of the nation’s economic development strategies centered on the export of electricity to Thailand and other neighboring countries.

With 42 power plants now operational, the country is poised to realize its electricity ambitions. With …