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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...

Indonesia’s Largest Bank Mandiri Eyes Lao Market

Indonesia’s state-owned Mandiri Bank has announced its intention to enter Laos and Cambodia. Rohan Nafas, Mandiri Bank corporate secretary, said the bank is now studying...

Alipay Payment Platform Set to Enter Laos

Chinese mobile payment platform Alipay is set to make a foray into Laos after Lao Development Bank (LDB) entered into an agreement with KIWI...

BCEL, UnionPay to Launch QR Code Payment Service in Laos

Banque pour le Commerce Exterieur Lao Public (BCEL) has joined hands with Chinese payment service provider UnionPay International (UPI) to roll out new QR...

Laos to Tighten Regulations on Gas Stations

Laos will tighten regulations on the location of fuel depots and gas stations in residential areas to ensure the safety of residents. According to a...

Laos Sees Drop in Foreign Direct Investment Inflow

Foreign direct investment (FDI) inflow to Laos decreased in 2018 amid a drop in new investment from China, a recent report has shown. FDI inflow...

WhatsApp the Most Popular Mobile App in Laos

WhatsApp is the most popular mobile application in Laos, according to a report by the Korea Trade-Investment Promotion Agency (Kotra). “WhatsApp is the most popular...