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Wednesday, July 2, 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...

Laos Economy Shows Signs of Recovery Amid Fiscal Pressures

Laos’ economy is showing signs of recovery amidst a debt repayment peak, persistent inflation, and structural challenges, the World Bank warns in its latest...

Laos Targets 577,000 Tonnes to Boost National Food Self-Sufficiency

The Lao government has announced plans to increase the country’s production of meat, fish, and eggs to 577,000 tonnes this year in an effort...

Rising Prices in Laos Push More into Self-Employment, Work Abroad, World Bank Says

World Bank Lao PDR - Inflation in Laos is eroding living standards and reshaping the job market, according to the latest World Bank Household...

Laos Launches Halal Certification Project to Boost Exports

Lao Micro, Small and Medium Enterprise (MSMEs) Promotion Agency has initiated a project to enhance the productivity of local manufacturers to meet Halal certification...

Goods Prices Stay High in Laos Despite Slight Dip in Inflation to 11.1% in April

Laos’ inflation rate edged down slightly to 11.1 percent in April, a modest decline from 11.2 percent in March and 12.7 percent in February,...

Pest Migration from Southeast Asia Threatens Crops in Southern China, Research Found

Southern China is facing a surge in agricultural pests migrating from neighboring Southeast Asian countries, including Laos, Myanmar, and Cambodia. This pest migration, driven...