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Tuesday, July 8, 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...

Canadian Medical Equipment Manufacturer PRI·MED Opens Facility in Laos

Candian medical equipment manufacturer PRI·MED has announced it will develop a new manufacturing facility in Vientiane, Laos. Edmonton-based PRI·MED Medical Products (PRI·MED), a manufacturer of single-use...

Laos Remains Unable to Streamline Investment Process

While Laos has been promoting a one-stop investment service for many years, lawmakers admit that the reality remains a tedious process mired in bureaucracy....

Lao Railway Staff To Take Intensive Chinese Language Course

Lao employees who are to operate the Laos-China Railway have begun an intensive Chinese language course at the Confucious Institute of the National University...

Johnson & Johnson Discontinues Skin Whitening Creams in Asia

Johnson & Johnson has made a decision to cease the sale of skin whitening creams popular in Asia after its products have come under...

Chao Anouvong Park To Be Upgraded In Bid To Attract Tourists

Chao Anouvong Park is to receive renovations to improve the site in a bid to attract more tourists, both foreign and domestic. Fujiwara Enterprise, in...

Ministry of Labor Orders Employers to Pay Wages Despite Pandemic

The Lao Ministry of Labor and Social Welfare has instructed employers to ensure workers are fairly compensated despite an economic downturn due to the...