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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...

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...

Lao Government Rolls Out New Tax Regulations on E-Commerce

The Ministry of Finance announced a new regulation on mandatory tax payments for all digital shopping platforms in its latest notice, released on 14...

Lao Government Green Lights 1200 MW Wind Power Project, Largest to Date

In a major boost for renewable energy in Southeast Asia, the Lao government signed a Project Development Agreement (PDA) with Savan Vayu Renewable Energy...

Rising Interest in Chinese Language Reflects Future Job Prospects for Lao Youth

The younger generation in Laos is showing a growing interest in learning the Chinese language, recognizing the potential for future job opportunities amidst a...

Laos Exceeds Agricultural Export Target, Trade Deficit Remains

Over the past year, Laos earned an estimated USD 1.4 billion from agricultural exports, exceeding targets set by the government by 20.18 percent. According to...