33.3 C
Vientiane
Wednesday, May 14, 2025
spot_img

Business

Goods Prices Stay High in Laos Despite Slight Dip in Inflation to 11.1% in April

Laos’ inflation rate edged down slightly to 11.1 percent in April, a modest decline from 11.2 percent in March and 12.7 percent in February, according to data from the Lao Statistics Bureau. While this marks a slight improvement, the cost of living remains significantly elevated compared to a year ago. The...

Pest Migration from Southeast Asia Threatens Crops in Southern China, Research Found

Southern China is facing a surge in agricultural pests migrating from neighboring Southeast Asian...

Laos Pauses Importer-Exporter System for Necessary Upgrades

The Ministry of Industry and Commerce has announced the temporary closure and upgrade of...

Laos, Vietnam Inaugurated Wharf No.3 to Boost Trade

On 28 April, Wharf No. 3 at the Lao-Viet International Port was officially inaugurated...

East Asia Pacific Growth Slows in 2025, World Bank Says

East Asia and Pacific has led in economic growth, but to sustain momentum and...

Laos Launches Unified Foreign Exchange Market

On 6 October, the Bank of Laos (BOL) officially partnered with 11 commercial banks to launch the Lao Foreign Exchange Market Company Limited, an...

Laos and South Korea Deepen Agricultural Cooperation in Key Areas

Laos and South Korea have strengthened agricultural cooperation, focusing on modernizing Laos’s farming sector and boosting ties within ASEAN. On 30 October, South Korea’s Minister...

Thailand to Launch Electronic Travel Authorization System in 2025, Laos Exempt

Thailand plans to launch an Electronic Travel Authorization (ETA) system for visa-free travelers from 93 countries, but travelers from Laos, Malaysia, and Cambodia will...

Lao Bullion Bank Soft Opens in Vientiane

On 27 September, Lao Bullion Bank hosted its much-anticipated Soft Opening Ceremony at its headquarters in Phonsay village, Xaysettha district, Vientiane Capital. The event...

StarExpress Tourist Train Launches, Connecting Kunming to Laos

On 24 September, the StarExpress, a new cross-border tourist train, launched its inaugural journey from Kunming, China, to Luang Prabang and Vientiane, Laos.  This new...

Laos Faces Eighth Consecutive Month of Trade Deficit

Laos recorded a trade deficit of USD 129 million in August, marking the eighth straight month of trade deficits in 2024, according to data...