Agreement comes as Chinese authorities push for increased international use of renminbi
Insight and perspectives from the world's leaders, premier policy-makers and financiers
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
The second Belt and Road Initiative (BRI) Survey of 28 central banks reveals that they view the BRI as a major driver of globalisation, with a high percentage of respondents expecting the initiative to provide a significant boost to GDP. So far,…
Bank of Thailand director warns of financial liberalisation dangers
IMF delegation again recommends increase of reserve requirements for banks; Bank of the Lao PDR says it will not make the change yet
Laos notifies IMF that it accepts plans to adopt measures that will end restrictions on international payments and transactions
Regional $120 billion currency swap arrangement between ASEAN members and east Asian powerhouses comes into force
FEATURE - It is only an ATM (automatic teller machine), but it might as well be an alien spacecraft, crash landed in central Vientiane. People do not know what to make of it - which is understandable when you consider that this is the first ATM in Laos.
LAOS - In a government reshuffle which saw Laotian deputy prime minister and finance minister Bounnyang Vorachit elected prime minister on Mar 27, 2001, central bank governor Soukan Mahalath was elected to succeed Bounnyang as the new finance minister.
The secretive communist Laotian government said on Mar 13, 2001 it had mismanaged the economy over the past five years, triggering hyperinflation and a tumbling currency.