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Wednesday, July 9, 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...

Lao Govt Debunks News of Fuel Shortage, Affirms Fuel Distribution Still Strong

The Lao Fuel and Gas Association (LFGA) and the Ministry of Industry and Commerce (MOIC) have assured residents that the country's fuel distribution situation...

Delivery Hero Confirms Talks on Partial Sale of Foodpanda’s Asian Business

Delivery Hero, a Berlin-based multinational online food ordering and delivery company confirmed it is in talks to sell part of its Asia business on...

ADB Lowers Laos’ 2023 Economic Growth Forecast to 3.7 Percent

According to the Asian Development Bank (ADB), economic growth in Laos will be slower than expected due to weaker growth prospects in China, adverse...

Fuel Company: Laos Could Face Renewed Fuel Shortages

Laos could face renewed fuel shortages if the current situation regarding foreign exchange is not quickly rectified, fuel companies have warned. PTT Lao Limited, the...

Laos-China Railway Purchases New Train to Boost Passenger Travel

Laos-China Railway Company has purchased a new electric multiple-unit (EMU) train, which will be delivered today, to support domestic and international tourist demand. “A new...

Lao Agriculture Ministry Proposes Ban on Imports of Certain Vegetables, Pork, Beef, and Fish

The Ministry of Agriculture and Forestry (MOAF) proposed a ban on imports of certain vegetables and other agricultural products to boost domestic production and...