Laos Financial News

Central Bank Governor Chea Serey revealed On May 28 that the Central Bank Digital Currency (CBDC) Bakong could increase the adoption of Cambodia’s Riel currency by facilitating cross-border QR payments.

Tamil Nadu government has cautioned job seekers regarding the risks associated with accepting deceptive job offers from overseas, particularly from countries in Southeast Asia like Cambodia, Thailand, Myanmar, and Laos. The Non-Resident Tamils’ Welfare Department has emphasized the importance of vigilance among the state's residents, urging them not to fall prey to fraudulent schemes promising lucrative employment opportunities abroad. Highlighting the severity of the situation, the government has underscored its commitment to taking legal action against any individuals or agencies within Tamil Nadu found to be complicit in the illicit practice of facilitating unauthorized employment abroad without proper registration with the Union government.

Myanmar ruling junta’s decision to opt for Russia for building a Dawei deep seaport on the country’s east coast has riled China which was also eyeing to construct the port located close to the Thailand border. The Myanmar junta is keen for Russians to invest in the port project along with a special economic zone including an oil refinery, ET has learnt.

$38 billion deficit in January, driven by declining revenues. Days later, the nonpartisan Legislative Analyst's Office said the deficit was actually $58 billion when including some reductions in public education spending. State officials needed a big rebound in tax collections to improve things, but it hasn't happened.

One of the winners of a $1.3 billion Powerball jackpot this month is an immigrant from Laos who has had cancer for eight years and had his latest chemotherapy treatment last week

$1.3 billion Powerball jackpot last month is an immigrant from Laos who has had cancer for eight years and had his latest chemotherapy treatment last week. Cheng “Charlie" Saephan, 46, of Portland, told a news conference held by the Oregon Lottery on Monday that he and his 37-year-old wife, Duanpen, would split the prize evenly with a friend. Laiza Chao, 55, of the Portland suburb of Milwaukie, had chipped in $100 to buy a batch of tickets with them.

Thailand’s status as a tourism hotspot into an aviation and logistics hub — has discussed the Schengen-type visa idea with his counterparts in Cambodia, Laos, Malaysia, Myanmar and Vietnam in recent months. The facility is meant to ensure seamless mobility for travellers among the six neighbouring countries. With most leaders positively responding to the single-visa concept, tourism-reliant Thailand aims to generate more revenue per traveller and cushion its economy from headwinds such as sluggish exports and weak global demand that’s hurt its manufacturing industry.

Thailand is steering an initiative for a joint-visa program with countries that together hosted about 70 million tourists last year as Prime Minister Srettha Thavisin ramps up initiatives to attract more long-haul and high-spending travelers. Srettha — who’s pledged to elevate Thailand’s status as a tourism hotspot into an aviation and logistics hub — has discussed the Schengen-type visa idea with his counterparts in Cambodia, Laos, Malaysia, Myanmar and Vietnam in recent months. The facility is meant to ensure seamless mobility for travelers among the six neighboring countries. With most leaders positively responding to the single-visa concept, tourism-reliant Thailand aims to generate more revenue per traveler and cushion its economy from headwinds such as sluggish exports and weak global demand that’s hurt its manufacturing industry.

Laos, who were lured into unsafe and illegal work, External Affairs Minister S Jaishankar on Saturday lauded the leadership of Prime Minister Narendra Modi and his commitment towards the safety of citizens. Jaishankar took to social media platform X to express his gratitude to Indian Embassy im Laos for their diligent efforts in coordinating the rescue operation. He also extended appreciation to the authorities in Laos for their cooperation in ensuring the safe return of the workers. «Modi ki Guarantee works for all at home and abroad. 17 Indian workers, lured into unsafe and illegal work in Laos, are on their way back home. Well done, @IndianEmbLaos. Thank Lao authorities for their support for the safe repatriation,» said Jaishankar in a post on X.

Southest Asian finance ministers and central bank governors have ended meetings in the Laotian city of Luang Prabang citing progress in building stronger regional institutions, but also noting serious challenges due to geopolitical tensions and volatil...

Senior finance and central bank officials from Southeast Asia and major economies are meeting in the scenic Laotian city of Luang Prabang to discuss ways to help the region build resilience against shocks like the COVID-19 pandemic and natural disaster...

Thailand’s government has ordered officials to closely monitor livestock along the border with Laos after more than 50 people were reported to have contracted anthrax in the neighboring country

Jaishankar defends CAA in Brussels as he promotes India-EU ties The US Ambassador to India, Eric Garcetti, speaking at the India Today Conclave on Friday said that the United States can't give up on principles and principles of religious freedom and equality are a cornerstone of democracy. Speaking on this, S Jaishankar said, “I have principles too, and one of my principles is an obligation to people who were let down at the time of partition".

Foreign spies are lurking everywhere! So says the Chinese government. Officials were ruffled by the CIA’s claim, made last year, that it was rebuilding its spy networks in China a decade after most of its sources disappeared. But China’s reaction seems defined more by paranoia than vigilance.

Australian and Vietnamese prime ministers have discussed ways of improving an already booming economic relationship, as part of Australia’s strategy to diversify trade away from China

By Gerry Doyle

Vietnamese automaker VinFast plans to spend up to $2 billion to build an electric vehicle factory in India, the world's third-largest auto market by sales

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₹1,304 in the initial trading hours on January 3. This surge followed the company's announcement of acquiring an Israel-based firm. The acquisition of Libra Merger Ltd marks Sun Pharma's second venture in Israel, following the notable acquisition of Taro Pharma.

IPL auctions are all about selecting new players to represent a specific franchise, and the event in Dubai on December 19 was no exception. All the ten teams spent a jaw-dropping ₹230.45 crore, with 72 players being selected. Mitchell Starc and Pat Cummins earned a combined sum of over ₹45 crore of the total while several uncapped Indians made big splashes.

Sapphire Foods In Sapphire Foods, promoter group entities – Sapphire Foods Mauritius and Samara Capital sold stakes in the company through the open market. Archean Chemical Industries Archean Chemical Industries, Piramal Enterprises sold 3.4% stake through the open market for around Rs 252 crore. PNC Infratech The company has been declared Ll (first lowest) bidder in a Madhya Pradesh Road Development Corporation's (MPRDC) highway project. Read more: Here's the trade setup for today's session Nestle Nestle India has fixed January 5 as the record date to determine eligible shareholders for the stock split announced by the company in October. NHPC A Board meeting of NHPC is scheduled to be held on December 22 to consider the proposal regarding monetization of future cash flow of one or more power station(s) of the company for suitable tenure. Sun Pharma Sun Pharma has entered into agreement to acquire 16.7% shares on a fully diluted basis, in Lyndra Therapeutics engaged in the business of developing novel delivery technology for long-acting oral (LAO) therapies.