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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, China Collaborate to Advance Traditional Medicine

Traditional medicines in Laos are poised for broader recognition as a state-run pharmaceutical enterprise partnered with three Chinese agencies to enhance the therapeutic potential...

Electricity Exports Propel Laos to Trade Surplus, Marking Record Growth

Laos has recorded a significant surge in its annual trade, reaching a total value of over USD 15.5 billion in 2023.  The figures, released by...

Laos Proposes Selling Over 4,000 MW of Wind Power to Vietnam

Vietnam Electricity (EVN) has received proposals from seven wind farm investors in Laos aiming to sell electricity to Vietnam, totaling nearly 4,150 megawatts (MW). According...

Laos Inflation Hits 25.35 Percent in February

Laos continues to face economic challenges as inflation rates reached 25.35 percent in February, up from 24.44 percent the previous month, according to a...

Delivery Hero Ends Talks to Sell Foodpanda in Southeast Asia 

Following months of negotiations, Berlin-based multinational online food ordering and delivery company Delivery Hero has ended talks of the potential sale of its Southeast...

BOL Policy Mandates Foreign Investors to Open FDI Account

Updated on 23 January at 4:40 pm The Bank of Laos (BOL) has implemented a new regulation mandating foreign investors to open a Foreign Direct...