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Wednesday, July 9, 2025
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Business

Laos-China Railway Hits New Milestone as Cargo Value Soars Past USD 1.4 Billion

The Laos-China Railway has notched up another milestone in its rapid expansion, transporting more than 2.48 million tones of goods worth over CNY 10 billion (approximately USD 1.4 billion) between January and May this year, according to figures released by Chinese customs and reported by Xinhua. Both freight volume and value...

Laos Proposes Tax Relief for Small Businesses Under Revised Income Tax Law

On 24 June, Laos proposed amending the Income Tax Law to exempt unprofitable small...

Oil Prices Spike After United States Strikes on Iran Nuclear Sites

AFP - Oil prices surged in early trade Monday on concerns of disruption to...

Vietnam Parliament Approves Raising Alcohol Tax to 90 Percent by 203

On 14 June, Vietnam’s parliament passed legislation to increase the special consumption tax on...

Costa Group Becomes Sole Concession Owner of Laos Blueberry Operations

In a ceremony held on 13 June in the city of Pakse, leading global...

LOCA adding “Ride First, Pay later” to LOCA for Business Accounts

It has been three years since LOCA was first introduced in Laos. LOCA now has more than 400 drivers with the service available 24hrs....

Lanexang Assurance Launches Exclusive ASIA CARE PLUS Health Insurance Product

Asia Care Plus Laos is the most high-end healthcare insurance in the Laos market, with maximum coverage of  USD 1,600,000. For the first time...

Starbucks Officially Announces Entry into Laos

Starbucks has announced that it plans to open outlets in Laos as it expands its network of over 10,000 stores in Asian countries. The Seattle-based...

EDL, Geely and Krittaphong Group Sign Electric Vehicle Deal

Electricite du Laos and GEELY Technology Company in collaboration with Krittaphong Group have signed an agreement on cooperation for the development of the electric...

Khamphay Sana, Hytera to Collaborate on Lao Vehicle Registration System

The government of Laos has authorized Khamphay Sana Group and Hytera to undertake a feasibility study for an integrated vehicle registration and transportation management...

New SEZ Project in Vang Vieng Completes Feasibility Study

A new Special Economic Zone project in Vang Vieng has reported progress in its feasibility study and socio-economic impact studies. The project, which will cover...