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Monday, July 7, 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...

Thai Airways to Restart Direct Flights Between Vientiane and Bangkok This Month

Thailand's flag carrier has announced that it will resume direct flights between Wattay International Airport in Vientiane Capital, Laos, and Suvarnabhumi Airport in Bangkok,...

Laos Sees Highest Trade Deficit of 2023 in July at USD 166 Million

Laos’ imports and exports totaled over USD 1 billion in July; exports were valued at USD 429 million, while imports were approximately USD 595...

Lao Households Struggle to Make Ends Meet Amid Economic Woes

Lao families are struggling to cope with increasing financial pressures as living costs continue to rise due to the depreciation of the local currency,...

Viral Job Ad Highlights Employment Discrimination in Laos

A job advert that went viral on social media this week highlights gaps in laws on employment discrimination in Laos, after an employer posted...

Families Affected by Construction Near Nam Ngum Hydropower Dam 1 Receive Compensation

A ceremony was held at the Keoudom district’s main club in Vientiane Province to provide compensation to families affected by the construction work around...

Two Cement Plants in Vang Vieng to be Transformed into Tourism Sites

Two Cement factories in Vang Vieng will be transformed into tourism sites and developers are currently applying for an investment permit for the project,...