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Tuesday, July 1, 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...

Thai Airways Closes Thai Smile After THB 20.9 Billion in Losses of 12 Years of Service

Thai Airways International (THAI) has formally dissolved Thai Smile Airways—its low-cost subsidiary.  On 5 June, the company notified the Stock Exchange of Thailand (SET), confirming...

Lao Government Enforces Ban on Unregistered, Unlabeled Imported Food Starting 1 July

Starting 1 July, Laos will prohibit the import and sale of unregistered food products that lack approval from the Food and Drug Administration or...

Asian Markets Wobble as Trump-Xi Talks Offset by Musk Row

AFP - Asian markets stuttered Friday as optimism from "very positive" talks between United States presidents Donald Trump and China Xi Jinping was wiped...

Laos Trade Surplus Hits USD 160 Million on Back of Rising Exports

Laos recorded a strong trade surplus of approximately USD 160 million in March, despite a significant rise in imports, according to newly released figures...

Will InDrive Return? App Blocked Across Laos Amid Legal and Technical Turmoil

On 28 May, the popular taxi application InDrive became suddenly inaccessible to customers and drivers in Laos. The sudden disruption quickly sparked confusion and concern...

EuroCham Laos Reviews 2024 Progress, Elects New Board at Annual Meeting

The European Chamber of Commerce and Industry in Laos (ECCIL EuroCham Laos) held its Annual General Meeting on 22 May, at Amari Vientiane. The event...