Business

Laos’s Credit Rating Upgraded After Bond Sale, Hong Kong Tax Pact

Laos has received a credit rating upgrade after issuing a USD 500 million international bond and signing a tax agreement with Hong Kong aimed at reducing costs for cross-border investors. On 29 October, S&P Global Ratings upgraded Laos’s long-term credit rating from CCC+ to B-, with a stable outlook, indicating...

Laos Eyes 500MW Renewable Electricity Export to Singapore

Laos is eyeing a major expansion of its clean energy exports following a proposed...

Laos Links South Korea Work Visas to Overstay Rates as Program Expands

Laos will suspend access to South Korea’s seasonal work program for 3 years if...

Laos Targets Faster Border Checks in USD 5 Million Trade Project

Laos is preparing local businesses for higher costs when selling goods abroad, as the...

Vientiane’s Shared E-Bikes Return Amid Parking, Licensing Concerns

Red electric bikes bearing the “Laos Shared E-Bike” logo have reappeared across Vientiane, raising...

Amari Makes Triple Entry into Laos

Thailand’s Onyx Hospitality Group has signed a landmark agreement that will lead to the launch of its first properties in Laos. The deal with Tang...

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...