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Tuesday, July 8, 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...

Houaphanh Authorities Halt Unregulated Production of Bamboo Shoots

The Office of Agriculture and Ministry in Aed District, Houaphanh Province, issued a notice on 23 August to curb the unregulated production of bamboo...

Sekong Province to Improve Facilities Near Tad Fai Mai Waterfall for Visit Laos Year 2024

Sekong provincial authorities are planning to upgrade the tourism infrastructure and provide better facilities at Tad Fai Mai waterfall to welcome more tourists next...

Wattay International Airport to Open New Buffet Restaurant Offering Lao Cuisine

The Wattay International Airport in Vientiane Capital will soon see the opening of a new all-you-can-eat restaurant and a host of shops selling Lao...

Inflation Rate Drops Slightly in August, But Worries Still Cloud Lao Economy

The country recorded an inflation rate of 25.88 percent in August, a slight decrease from July's rate of 27.80 percent, as per information from...

Laos Expects Food and Other Product Prices to Increase by 10% This Year

The Vientiane Department of Industry and Commerce has estimated that the prices of food and other essential products in Laos will increase by 5%...

Laos Suspends Power Supply to Cryptocurrency Mining Businesses

Electricite du Laos (EDL) has announced that it will no longer supply electricity to cryptocurrency mining operations in Laos, citing long-term outstanding debts. The notice,...