VIENTIANE: The Ministry of Finance has announced the seizure of more than 12.3 billion kip, US$265,919, and more than 24.8 ...

Nam Ou Power, a unit of state-owned Power Construction Corp of China, has sued Laos utility Electricite du Laos in Singapore for $555 million in unpaid dues from a hydropower project it operates, an ...

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

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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 ...

Nam Ou, in the same filing, also claimed damages of $3 million for EdL predominantly paying its fees using the Lao kip currency, while the agreement had stipulated that 85% of the payments be made ...

A conference was held in Vientiane on March 14 to promote the use of the Lao kip (LAK) and the Vietnam dong (VND) in payments ...

Nam Ou, in the same filing, also claimed damages of $3.02 million for EdL predominantly paying its dues using the Lao kip currency, while the agreement had stipulated that 85% of the payments be ...

A review of an arbitration document shows that Nam Ou Power, part of the state-owned Power Construction Corp of China has sued ...