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Laos

  • Why Laos is raising interest rates

    Why Laos is raising interest rates

    The Lao central bank, the Bank of the Lao PDR (BOL), is set to further increase interest rates to alleviate inflationary pressures currently affecting the economy. The bank’s Monetary Policy Committee has decided to raise the interest rate on Lao currency kip from 10 percent to 10.5 percent per year. The interest rate on foreign…

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  • Laos, Myanmar, China, Thailand ready for joint effort to control cross-border crimes

    China, Laos, Myanmar and Thailand discussed cross-border crimes Friday at the Informal Discussion Between the Foreign Ministers of China, Laos, Myanmar and Thailand in Chiang Mai, Thailand. Chinese Foreign Minister Wang Yi said that security is the prerequisite and foundation for the development of all countries. At present, he said, the security situation in the…

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  • Laos woman gets 5-year sentence for criticizing government on social media

    Laos woman gets 5-year sentence for criticizing government on social media

    Authorities in Laos last week sentenced a woman to five years in prison for criticizing the government on Facebook. Houayheuang Xayabouly, 30, also known by her nickname Mouay, was arrested Sept. 12 after she voiced her concern about the government response to flooding in the country’s southern Champassak and Salavan provinces in her Sept. 5…

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