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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...

Vientiane Bus Station Project Severely Delayed

The Vientiane Capital bus station construction project, which began in 2015, remains incomplete despite plans to be ready for use in 2018. Chitchareun Construction was...

Laos to Allow Foreign Ownership under Condominium Law

Foreigners will be allowed to own condominium units in Laos under a newly amended Law on Land. The new Law on Land has been published...

Star Fintech Signs Payment Link Deal With BIC Bank

Star Fintech has signed a Memorandum of Understanding with BIC Bank on cooperation and interconnectivity between the two banks. The signing of a Memorandum of...

Panyathip Students Overcome Pandemic Challenges to Graduate in 2020

Panyathip International School, the British international school in Laos, saw its class of 2019-2020 complete their graduation ceremony at the Landmark Hotel in Vientiane...

LOCA Introduces Pickup Truck Service on Ride-Share Platform

The LOCA ride-hailing service has announced that due to an overwhelming number of requests, the platform will be adding a pickup truck service. "Over the...

7-Eleven Convenience Stores to Enter Laos By 2022

7-Eleven has signed a master franchise agreement with CP ALL Laos, a subsidiary of Thailand's CP ALL Public Company, to operate 7-Eleven stores within...