Expanding local currency usage will offer businesses greater flexibility in payment options, lowering transaction costs and ...
A unit of China's state-owned Power Construction Corp of China (PowerChina) has sued Laos utility Electricite du Laos (EdL) in Singapore claiming $555 million in unpaid dues from a hydropower project, ...
VIENTIANE (Laotian Times): The Bank of Laos (BOL) and 15 commercial banks signed a Memorandum of Understanding (MOU) with aims to establish a centralised foreign exchange market to stabilise the ...
The Lao kip, however, given its close link to the Thai baht, was particularly vulnerable to the exchange rate volatility that rocked the region. Between July 1997 and June 1998, the kip lost 70 ...
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ASEAN finance leaders end meetings in Laos, pointing to challenges from geopolitics, volatile pricesIn terms of U.S. dollars Laos' economy is shrinking due to the devaluation of its currency, the kip. However ... Laos for more than 20 years. “The Lao economy is facing serious problems and ...
A Chinese state-owned company is suing the national power utility of Laos for $555 million in unpaid fees from a hydropower ...
Expanding local currency usage will offer businesses greater flexibility in payment options, lowering transaction costs and ...
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