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Thursday, May 15, 2025
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Business

Rising Prices in Laos Push More into Self-Employment, Work Abroad, World Bank Says

World Bank Lao PDR - Inflation in Laos is eroding living standards and reshaping the job market, according to the latest World Bank Household Monitoring Survey. To cope with rising prices, more people are working, but with wages not keeping up with inflation, workers are turning to self-employment and migration...

Laos Launches Halal Certification Project to Boost Exports

Lao Micro, Small and Medium Enterprise (MSMEs) Promotion Agency has initiated a project to...

Goods Prices Stay High in Laos Despite Slight Dip in Inflation to 11.1% in April

Laos’ inflation rate edged down slightly to 11.1 percent in April, a modest decline...

Pest Migration from Southeast Asia Threatens Crops in Southern China, Research Found

Southern China is facing a surge in agricultural pests migrating from neighboring Southeast Asian...

Laos Pauses Importer-Exporter System for Necessary Upgrades

The Ministry of Industry and Commerce has announced the temporary closure and upgrade of...

Laos Sees Fourth Month of Trade Deficit, Lao Kip Hits Record Low

Laos experienced four consecutive months of trade deficits from January to April this year. This situation has been exacerbated by rising inflation rates, leading...

Lao President Invites Mongolian Investors to Explore Business in Laos

Lao President Thongloun Sisoulith has invited Mongolian investors to explore business opportunities in Laos, particularly in agriculture and food processing during his two-day state...

Laos, Singapore, Cambodia Unite to Facilitate Cross-Border Electricity Trade

Singapore, Cambodia, and Laos have formed a working group to push cross-border electricity trade, inching closer to the ASEAN Power Grid vision.  On 3 June,...

EuroCham Laos Organizes Its Annual General Assembly, Hosts Laos-Europe Business Networking Event With EU Delegation

The European Chamber of Commerce and Industry in Laos (or ECCIL EuroCham Laos) gathered all its members at this year’s Annual General Meeting on...

Nam Theun 2 Power Company Boosts Lao Government Revenue with Significant Tax Contribution

Nam Theun 2 Power Company handed over more than USD 15 million in income taxes from its electricity production in 2023 to the Lao...

Inadequate Minimum Wage Deepens Economic Woes in Laos, Fueling Labor Shortages, School Dropouts

Laos is grappling with growing economic and societal challenges as the current minimum wage, deemed inadequate by both workers and business owners, exacerbates labor...