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Friday, July 4, 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...

Lao Asean Leasing (LALCO) Listed on Lao Securities Exchange

The Lao Securities Exchange (LSX) has launched the trading of the shares of Lao Asean Leasing Public Company (LALCO), marking the 11th company registered...

Laos Falls to 113rd Place in Global Competitiveness Ranking

Laos has slipped down to a ranking of 113rd out of 141 surveyed countries in the annual Global Competitiveness Report 2019, while several neighboring...

Laos’s Major Telecom Operators Gear Up for 5G Network

Laos is gearing up to roll out a 5G network, with the country’s two leading telecom operators, Lao Telecom and Unitel, testing or planning...

BCEL, EV Laos to Launch Payment System for Electric Vehicle Charging

Banque pour le Commerce Exterieur Lao Public (BCEL) and EV Lao Company have teamed up to launch a smart card system for the payment...

Laos’s KiwiPay to Launch Cashless Visa Payment Service in Africa

KiwiPay, a Laos-based payment solution provider, is set to launch its cashless visa payment system in up to seven African countries, in a move...

Quality Comes First at the Meuang Nong Banana Plantation

In Meuang Nong, banana plants sprawl as far as the eye can see, leafy and vibrant green, until they meet with the wild shrubbery...