09/15/2021 09:21
Bank of the Lao PDR (BoL) is set to tackle the difference in currency exchange rates between banks and money-changing outlets through the registration of exchange units, bringing them under the authority of commercial banks.
08/11/2021 08:31
The Lao Ministry of Finance, on behalf of the government, has asked the National Assembly (NA) to consider changes to the Law on Value-Added Tax (VAT) to help address the country’s financial difficulties.
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.
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.
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.