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...

Trade Declines, Investment Rises With Plus Three Countries

The value of ASEAN trade with the plus three countries;China, Japan and South Korea, decreased last year while Foreign Direct Investment (FDI) increased from...

Govt Announces a Halt On Fuel Tariff Exemptions

The government made an official announcement in Vientiane on Thursday to completely halt fuel tariff exemptions in a move to close loopholes in illegal...

Borikhamxay Ceases Wood Processing Plants

Borikhamxay provincial authorities have cancelled the business operations of 13 wood processing plants after finding that they had permanently ceased their processing operations for...

Laos, China Want Better Synergy In Development

Laos and China are aiming to achieve better synergy in development with the relevant sectors from both countries to work together to merge Laos'...

Handicraft Association Looking To Expand Line of Pottery Products

The Lao Handicraft Association is planning to support new Lao pottery products being made in Vientiane this year which it hopes will attract both...

PM Proposes Seven Point Agenda to Pursue ASEAN Economic Goals

Prime Minister Thongloun Sisoulith has raised a seven-point agenda calling for ASEAN economic ministers to place discussion focus on pursuing the 2025 ASEAN economic...