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, Singapore Vow to Enhance Cooperation

Laos and Singapore are pledging to work together to promote trade and investment between the two countries after their trade volume climbed to US$72.5...

SilkAir to Codeshare With Lao Airlines

SilkAir, the regional wing of Singapore Airlines, has signed a codeshare agreement with Lao Airlines for its flights to Vientiane and Luang Prabang, providing...

Canada Opens Diplomatic Office in Vientiane Capital

Canada has opened a diplomatic office in Vientiane in an effort to boost economic and political ties with Laos. Canada's Minister of Foreign Affairs Stéphane...

ANZ Appoints CEO for Laos

Australian bank ANZ has announced the appointment of a new CEO Laos. The bank focuses on Trade Facilitation, Global Markets and offers Priority services to...

Pick-ups Increase share of Lao Vehicle Market

The market for pickup trucks in Laos is growing in line with people's lifestyles and their links to agriculture, according to an auto company...

Aussie Helps Laos Hill Tribes Grow Coffee

A former Australian teacher managing a coffee company and cafe in central Laos sees the scheme as key to alleviating poverty among hill tribes. Derek...