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Friday, August 8, 2025
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Business

Mobile Phones Fuel Surge in Savings: What the Global Trend Means for Laos

More adults than ever in low- and middle-income countries now have bank or other financial accounts, leading to a rise in formal saving, according to the World Bank Group’s Global Findex 2025 report.  This momentum in financial inclusion is creating new economic opportunities.  Mobile-phone technology played a key role in...

Vietnamese Company to Grow Coffee, Durian, Blueberries in Pakxong

On 16 July, Champasak Province signed a land concession agreement with Lao-Viet Agriculture Company...

Laos Launches Climate-Smart Farming Project in Six Provinces

Laos is stepping up efforts to tackle climate-related food insecurity and open new export...

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...

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...

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 beer and strong alcoholic beverages to 90 percent by 2031,...

Costa Group Becomes Sole Concession Owner of Laos Blueberry Operations

In a ceremony held on 13 June in the city of Pakse, leading global fresh produce company Costa Group officially became the sole concession...

China’s Aircraft Maker Seeks Majority Stake in Lao Airlines Amid Reforms

The Lao government is weighing a proposal from China’s Commercial Aircraft Corporation (COMAC) to acquire a controlling stake in Lao Airlines, part of a...

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...