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...

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...

Foreign Investors Inject More Interest into Private Hospitals

More foreign investors are interested in opening private hospitals in the country in response to growing patient demand for high quality health services. Foreign investors...

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...