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Tuesday, July 8, 2025
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Business

Laos-China Railway Hits New Milestone as Cargo Value Soars Past USD 1.4 Billion

The Laos-China Railway has notched up another milestone in its rapid expansion, transporting more than 2.48 million tones of goods worth over CNY 10 billion (approximately USD 1.4 billion) between January and May this year, according to figures released by Chinese customs and reported by Xinhua. Both freight volume and value...

Laos Proposes Tax Relief for Small Businesses Under Revised Income Tax Law

On 24 June, Laos proposed amending the Income Tax Law to exempt unprofitable small...

Oil Prices Spike After United States Strikes on Iran Nuclear Sites

AFP - Oil prices surged in early trade Monday on concerns of disruption to...

Vietnam Parliament Approves Raising Alcohol Tax to 90 Percent by 203

On 14 June, Vietnam’s parliament passed legislation to increase the special consumption tax on...

Costa Group Becomes Sole Concession Owner of Laos Blueberry Operations

In a ceremony held on 13 June in the city of Pakse, leading global...

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...

Laos Launches New E-commerce Platform for Agricultural Products, Supported by Chinese Government

After two years in the work, a new e-commerce platform for Lao agriculture products has finally been launched to promote both domestic trade and...

Lao Government Mandates Licensing for Commercial Land Use

In a move aimed at regulating land-related businesses and tax management, the Lao government has introduced a ban on issuing land titles to buyers...

TikTok Sues US to Block Law That Could Ban Social Media Platform

TikTok and its Chinese parent company filed a lawsuit on 7 May challenging a new American law that would ban the popular video-sharing app...

Migrant Workers from Laos, Cambodia, Myanmar Under Labor Agreement Advised to Leave Thailand by End of April

In an announcement dated 19 April, the Thai government issued a warning to workers from Laos, Cambodia, and Myanmar, urging them to depart Thailand...