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...

Laos Casino Savan Vegas Gets $400m Counter-offer From Europe-Asia Consortium

A Europe-Asia consortium has made a cash counter-offer of $400 million for the assets and 50-year gaming concession of Savan Vegas Casino & Hotel...

Ministry Reduces Fuel Prices

Petrol stations across the country lowered the retail prices of petrol and diesel yesterday after the Ministry of Industry and Commerce issued an announcement...

Economist: Kip Strong, Not Overvalued

Even though the Lao kip is strong the currency is not overvalued, according to a leading local economist. Senior Economist of the National Economic Research...

EDL Expands Electricity Lines to Power Consumption Increase

Electricité du Laos (EDL) continues to expand power availability and raise access rates for consumers in Laos with its installment of 115 kWh of...

J&C Services Moves to Better Service the Needs of Expatriates in Laos

Since its foundation in 2008, the expatriate community in the Lao PDR has increasingly depended on J&C Services for its suite of award-winning services...

New Study: Laos At Development Crossroads

A new study by the Economic Research Institute for Asean and East Asia has highlighted 2 serious challenges for the nation's industrial development while...