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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...

Unitel Wins Speedtest Award for Fastest Mobile Network in Laos

Unitel has won the Speedtest Awards for mobile network speed during the second and third quarter of 2019. Ookla, the owner of the speedtest.net website,...

Don Sahong Hydropower Project Comes Online

The Don Sahong Hydropower Project on the Mekong River in Champasack Province has officially come online. Turbines have now entered commercial operations, according to Chinese...

Unitel Tests 5G Network in Vientiane

Unitel has officially conducted a 5G test in Laos, becoming the second player to do so after state-owned Lao Telecom. The test, which showed a...

LOCA to add Minivan Drivers to its Ridesharing Fleet

LOCA and the Vientiane-based Minivan Association have signed an MOU to welcome 240 minivan association members to the LOCA platform, increasing ease of access...

New Ridesharing Service DriveUp to Challenge LOCA

Cambodia’s Meal Temple Group has launched its new DriveUp ridesharing service in Laos, becoming the second player in the country after locally-grown LOCA. Meal Temple,...

LOCA, Lanexang Insurance Join Hands for Better Protection Standard

Laos’s first ride-hailing service LOCA has signed a cooperative agreement with Vientiane-based insurance firm Lanexang Assurance Public Company in a move to enhance the...