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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...

BCEL-KT: Trade Summary (Dec 8, 2016)

Trade Summary Lao Securities Exchange trade mixed on Thursday. The index ended lower by 1.4 percent or 14.43 points to 1,014.05 points, weighed sharply by...

LG CNS Sells Electronic Tax System to Lao Government

LG CNS, the IT solutions arm of LG Group and one of the Korea’s leading IT service providers in the e-Government sector, is accelerating...

Nayoby Bank to Increase Loan Amounts, Expand Branches

Nayoby bank will increase the maximum loan amount it releases to a customer from the current 30 million kip to 50 million kip next...

BCEL-KT: Trade Summary (Dec 7, 2016)

Trade Summary On Wednesday, Lao Securities Exchange, the index stayed unchanged at 1,028.48 points, posting a small trading volume of just 1,100 shares, making around...

Trade Surplus Predicted for 2016

Phousy Construction and Development Public Company (PCD) will continue its public share offering roadshow in Hong Kong and Singapore next week in an effort...

Central Bank Permits Importers to Borrow in Foreign Currency

The Bank of the Lao PDR has permitted commercial banks to release loans in foreign currency to importers, including those who currently have no...