Laos > Finance

Exchange rate gaps widen in Lao PDR

10/14/2020 07:51

The gap between the official and parallel market exchange rates has widened in recent months, driven by a mismatch in supply and demand, resulting in pressure on importers and inflation.

Laos > Finance

Fiscal deficit ramps up pressures on Lao gov’t

08/25/2020 08:04

An elevated fiscal deficit will result in growing public debt, which will ramp up pressure on Laos’ debt servicing capacity amid the Covid-19 crisis.

Laos > Finance

Central bank of Laos imposes new regulation for currency exchanges

07/15/2020 08:37

The Bank of the Lao PDR has come up with a new administrative rule designed to administer currency exchange businesses amid the appreciation of international currencies against the Lao kip.

Laos > Finance

Laos boosts revenue collection

03/04/2020 07:58

The Tax Revenue Management Information System (TaxRIS), the new payment platform for Easy Tax and Smart Tax, has become a new tool employed in Laos as part of steps to boost efficiency and transparency in revenue collection.

Laos > Finance

BoL launches QR Code payment standard

01/31/2020 07:52

The Bank of the Lao PDR (BoL) had a soft launch of the Lao QR Code standard for payments on Wednesday to prompt the development of the standard and boost payment integration.

Laos > Finance

Lao kip exchange rate fluctuating

01/10/2020 08:01

The value of the kip when exchanged for other currencies at commercial banks in Laos has gradually decreased, with the Bank of the Lao PDR (BoL) issuing a neutral rate of 8,864 kip per US dollar as of Wednesday.


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