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Saturday, September 21, 2024
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Business

Indonesian President-Elect Visits Laos, Forges Stronger Bilateral, Regional Ties

Indonesian President-elect Prabowo Subianto visited Laos on 6 September and met with President Thongloun Sisoulith. The visit aimed to strengthen bilateral ties between Indonesia and Laos and foster cooperation within the ASEAN framework. The meeting was one stop in Prabowo Subianto's week-long visit to Brunei Darussalam, Laos, Cambodia, and Malaysia. Prabowo,...

Laos, South Korea Collaborate on Direct Flight Initiative to Boost Tourism, Economic Ties

Laos is considering the introduction of direct flights from South Korea to Luang Prabang...

Monsoon Wind Power Project in Laos to Start Ahead of Schedule

The 600 MW Monsoon wind power project in Laos is set to start trial...

Employers Advised to Adopt Fair Exchange Rates for Salaries, Wages Starting 1 October

UPDATED on 4 September at 2:01 PM Starting 1 October, all organizations and companies in...

Cambodia to Sign Double Taxation Agreements with Laos, Philippines

Cambodia is set to sign double taxation agreements (DTAs) with Laos and the Philippines,...

Indian Investors Affected By Laos Ban On Timber Exports

Laos has banned export of timber and wood products to protect its environment, which has put many foreign investors in a fix, including Indians. "In...

EDL-Gen Raises $312m in Dollar Bonds in Thailand

EDL-Generation, the leading electricity producer in Laos, has successfully priced its debut US$312 million (approximately Bt10.8 billion) offering of dollar-denominated bonds in Thailand. The bonds...

Can Laos Create a Startup Economy?

Last week, the usually sleepy capital of Vientiane was awoken amidst the commotion and hustle bustle of the 29th ASEAN Summit. Within four days, the...

Korea Western Power to Build Hydroelectric Power Plant in Laos

South Korea’s public power supplier Korea Western Power Co. announced on Sunday that it signed a memorandum of understanding (MoU) to jointly develop a...

Contract Extended For Poyry to Provide Services For Xayaburi Hydropower in Laos

Xayaburi Power Company and the government of Lao PDR have awarded Poyry an extension to the owner’s engineering services contract for the site supervision...

Chinese Group Wins Major Rail Contract in Laos

China Railway Group has won a $1.2bn contract to build a large section of railway through neighbouring Laos, a crucial step in China’s plan...