Expanding local currency usage will offer businesses greater flexibility in payment options, lowering transaction costs and ...

Expanding local currency usage will offer businesses greater flexibility in payment options, lowering transaction costs and ...

allocating 500 million Lao kip (some 23,800 U.S. dollars) per district. Six villages have benefited from this expansion, achieving 42.86 percent of the target to support 14 villages in 2024.

The Cambodian riel initially fell less precipitously than other Asian currencies because of the extensive dollarization of the Cambodian economy. The Lao kip, however, given its close link to the Thai ...

A Chinese state-owned company is suing the national power utility of Laos for $555 million in unpaid fees from a hydropower ...