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Monday, July 7, 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...

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...