Business

Laos, Russian Region of Tatarstan Discuss New Trade Opportunities

Russia’s Republic of Tatarstan wants to expand trade and investment with Laos, with the region’s official media describing current economic ties as “practically absent” during a two-day visit by its head to Vientiane on 4 and 5 November. Tatarstan's head Rustam Minnikhanov met Lao Prime Minister Saleumxay Kommasith on 5...

Laos’s Credit Rating Upgraded After Bond Sale, Hong Kong Tax Pact

Laos has received a credit rating upgrade after issuing a USD 500 million international...

Laos Eyes 500MW Renewable Electricity Export to Singapore

Laos is eyeing a major expansion of its clean energy exports following a proposed...

Laos Links South Korea Work Visas to Overstay Rates as Program Expands

Laos will suspend access to South Korea’s seasonal work program for 3 years if...

Laos Targets Faster Border Checks in USD 5 Million Trade Project

Laos is preparing local businesses for higher costs when selling goods abroad, as the...

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...

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...