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Thursday, April 3, 2025
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Business

Lao Government Grants Tax Exemption Up to 30 years for Amata Investment Zone

On 20 March, members of the National Assembly (NA) approved a special incentive package for investors in the Amata Special Economic Zone, granting them tax exemptions for up to 30 years.  The Amata Industrial Investment Zone, spanning 3,150 hectares in Namor district, Oudomxay Province, and 410 hectares in Nateuy district,...

Hmong Market Farmers in Tasmania Not Immune to Agriculture Industry Changes

ABC - Farming is what Dee Thao's family is best known for. Members of...

Low Wages, High Costs: Lao Workers Struggle as Economic Pressures Mount

State government worker Noy, who also works as a part-time taxi driver, struggles to...

Lao Brewery Company Steps Up Sustainability with Biomass Energy

Lao Brewery Company (LBC) is advancing its sustainability efforts with new green energy initiatives,...

Laos, Canada Strengthen Partnership Toward Canada-ASEAN Free Trade Agreement

On 18 February, the Embassy of Canada to Laos hosted a workshop in Vientiane...

Malaysia’s Kumpulan Powernet To Build Hydropower Plant in Nam Samoy

Malaysia's Kumpulan Powernet Bhd has secured an MYR 66 million (USD15.9 million) contract from Zhenghong Building Road & Bridge Construction to build a hydropower...

Papua New Guinea’s Bank South Pacific to Enter Laos This Year

Papua New Guinea's Bank South Pacific (BSP) plans to finalize the acquisition of its joint-venture business in Laos worth about USD 2 million. The new...

Laos Mining Sector Sees Decline Despite Rich Resources

The mining sector in Laos has seen a sharp decline after legislators ordered the suspension of new mining operations in 2016. The mining sector has...

South Korean Firm Scores Construction Project in Savannakhet

South Korea's Dongbu Corporation has been awarded a construction project in Savannakhet province worth about USD 25.6 million. The project, ordered by the Lao Ministry...

Laos Launches QR Code Payment Standard

The Bank of Lao PDR has launched a Lao QR Code standard for electronic payments in a move to improve payment services and integration...

Laos Eyes Production of Korean Rice Wine

Laos Army Import and Export Trading and Korean firm ROAD have agreed to produce and distribute Korean rice wine in Laos. Korean rice wine, or...