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Wednesday, July 2, 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...

Thai Franchisee of The Face Shop to Open Laos Store

THE THAI franchisee of The Face Shop, a well-known South Korean beauty-store chain, is set to open its first overseas store in a joint...

China-Laos Investment Pact Applies In Casino Tiff, Court Says

New York  -- An investor from the Chinese territory of Macau that sued the Laotian government for effectively stealing its casino had its arbitration...

Unitel Reaches $1 Billion Revenue Figure In Laos

Unitel, the brand name of Viettel in Laos, reached US$1 billion in cumulative revenue in seven years of operation in the country. Mobile TV service...

Singapore Airline’s SilkAir, Tribal Worldwide Launch ‘Marvel-Laos’ Campaign

At the end of October SilkAir, the regional wing of Singapore Airlines, is adding Vientiane and Luang Prabang, in Laos to its flights. As part...

GE, EDL Sign Agreement to Develop Laos’ Hydroelectric Power Workforce

Electricite du Laos and General Electric have signed a memorandum of understanding to launch joint research and training programs designed to support the development...

Debt-ridden Vietnamese Property Group to Sell Rubber Plantations in Laos

Hoang Anh Gia Lai is desperate to find a way to settle its $1.44 billion debt. Vietnamese real estate conglomerate Hoang Anh Gia Lai is...