Business

Laos Studies USD 1 Billion Vientiane-Lidu Industrial Park in Pakngum

On 13 August, Laos agreed to study the development of a new industrial park in Vientiane, with the proposed project expected to attract around USD 1 billion in investment. The feasibility study for the Vientiane-Lidu Industrial Park will cover 307 hectares across four villages in Pakngum district and is expected...

Vientiane Halts New Microfinance, Pawnshop Licenses Amid Regulatory Review

On 31 July, the Bank of the Lao PDR (BoL) suspended applications for new...

Lao Authorities, Lao Bank Seek Legal Action Against Thai Media Over Money Laundering Claims

On 31 July, Lao authorities and Lao Development Bank (LDB) met with Thailand's Central...

Chinese Commerce Chamber Urges Businesses in Laos to Cut Ties with Scam Networks

The General Chinese Chamber of Commerce in Laos has told its members to check...

Laos Inflation Edges Up in July, Electricity Prices Surge 91.5% Year-on-Year

Electricity prices jumped 91.5 percent in July compared to the same month last year,...

Transport Ministry Orders Changes to BRT Design as Project Faces Safety, Funding Challenges

The Ministry of Public Works and Transport has ordered adjustments to the Bus Rapid Transit (BRT) project, shifting from concrete curbs to painted lane...

Vientiane Capital Exceeds Revenue Plan for Five Consecutive Years

On 15 December, Vientiane Capital authorities reported that the capital generated state revenue above plan for five consecutive years, while the local economy recorded...

Tether, Bitqik Launch Initiative to Promote Crypto, Stablecoin Education in Laos

On 17 December, Tether, a leading company in the digital asset industry, and Bitqik, a licensed cryptocurrency exchange in Laos, announced a strategic partnership...

Lao Economy Improves but Lasting Growth Requires Sustained Reforms, Road Network Preservation

World Bank - Increased exports, foreign investment and tourism have helped Laos begin to emerge from a prolonged economic slowdown, according to a World...

Paramount Counters Netflix with Hostile Bid for Warner Bros

By Alex PIGMAN/AFP - Paramount on Monday launched an all-cash tender offer to acquire Warner Bros. Discovery, the Hollywood giant that also owns CNN,...

Lao-Thai Trade Climbs as Postal Services Move to Modernize Cross-Border Delivery

Trade between Thailand and Laos is gaining new momentum, with bilateral flows rising 8.8 percent to THB 24 billion (USD 738.5 million), according to...