Mekong Memo Laos 20230920
Mekong Memo Laos Weekly, September 20, 2023: Business, politics, finance, trade & legal news.
We monitor and filter the very best and most insightful stories from Southeast Asia directly to your inbox every week.
By reviewing a wide variety of media including legal, financial and other relevant industries along with government and NGO sources, we are able to sift through the noise and bring you only what we believe to be relevant to an informed observer of Laos business news.
The Memo is published weekdays - Cambodia (every Monday), Myanmar (Tuesday), Laos (Wednesday), Vietnam (Thursday) and Thailand (Friday). The Thailand edition is free in its entirety; the others are headlines-only for non-paid subscribers.
Please navigate to https://www.mekongmemo.com/account and turn on/ off whichever editions you would like to receive.
This week’s Mekong Memo is brought to you by one of our favorite tools: AudioPen.
You need to take action NOW because the $150 AudioPen Prime Lifetime deal will only be available until September 26. After that, only an annual recurring subscription will be available (currently $75).
AudioPen does not just transcribe your voice notes, but much more importantly, it almost magically summarizes unstructured voice notes into text that's easy to read and ready to share. I promise that you'll love Audio Pen. It's like having a personal assistant who records, organizes and summarizes your thoughts. Get it here:
With that said, here is your Mekong Memo Laos for the week of September 20, 2023:
World Bank's Eye-Opening Findings on Lao Inflation, Migration, & Education
The World Bank's ongoing Rapid Monitoring Phone Surveys in Laos reveal a grim economic landscape. Despite hopes for post-pandemic recovery, the country grapples with a 41% inflation rate and a 50% currency depreciation year-on-year. The surveys indicate that these economic challenges are affecting household living standards, employment, and even education. While some families are adapting by shifting to agricultural activities, others face reduced or stagnant incomes. The most vulnerable, including female-headed households, are hit hardest, with a decline in average income by 8%.
Read more: World Bank
Thailand & Laos Team Up to Woo Chinese Tourists
Thailand and Laos are ramping up tourism and infrastructure collaborations to attract more Chinese visitors. Officials recently to discuss tourism route connectivity and fast-tracking the construction of a second Thai-Lao Friendship Bridge in Pak Chom district. Thailand's recent free-visa policy for Chinese tourists has spurred Laos to develop its Muen border town in Vientiane. The move aims to facilitate smoother border crossings and extend Chinese tourist journeys from Thailand into Laos.
Keep reading with a 7-day free trial
Subscribe to The Mekong Memo to keep reading this post and get 7 days of free access to the full post archives.