27.9 C
Vientiane
Wednesday, July 2, 2025
spot_img

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...

Laos Receives Four Mi-17 Helicopters

Russian Helicopters, part of the Rostec State Corporation, has completed its first service contract to the Lao Ministry of Defence, transferring four repaired Mi-17...

Facebook to Exclusively Broadcast Premier League Matches in Laos

Tech giant Facebook has agreed to a £200 million (US$265 million) deal to exclusively broadcast every single Premier League match in Thailand, Vietnam, Cambodia and Laos starting next year in 2019. It...

South Korea Eyes Strawberry Farm Project In Xiengkuang

On the 3rd of July, President of the South Korean Association of Arts and Culture Dr Yu Hian Suk and her delegation met with Acting Party Head...

Laos Will Issue Bonds in KIP

The Lao government has announced that it will issue domestic bonds in LAK (kip) - instead of foreign currencies - with a two-pronged objective aimed at...

ACLEDA Bank Lao Launches Mobile App ‘ACLEDA Unity Thanchai’

ACLEDA Bank Lao announced yesterday launched its new “ACLEDA Unity Thanchai” mobile phone banking service. A virtual ‘bank in your hand,’  it provides a convenient and secure...

Ground Broken at First Private Data Center in Laos

A groundbreaking ceremony was held in Hatxaykhao village yesterday as construction began for the LaoDC data center, the first licensed, privately owned data center...