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...

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,...

Savannakhet Instructs All Entertainment Venues to Shut By Midnight

The Department of Information, Culture, and Tourism of Savannakhet Province announced on Tuesday that all nightclubs, karaoke bars, and entertainment venues must close their...

Four Thai Bank Branches Discontinue Services in Laos

The Deposit Protection Office (DPO) of the Bank of Lao PDR announced this month that four Thai commercial bank branches in Laos have voluntarily...

Lao Central Bank Issues Statement to Clarify False Foreign Account Claims

The Bank of Lao PDR (BOL) has issued a statement to dismiss false claims circulating online that suggest foreign currency bank account holders may...

Laos, Cambodia Launch Cross-Border QR Code Payment System

The 13th multilateral meeting between the Bank of Laos and the National Bank of Cambodia was held in Vientiane Capital last Friday to discuss...