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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 May Face Foreign Debt Defaults as Economic Turbulence Continues

Following unsustainable external debt ratios and challenging future debt repayments, Credendo, a European credit insurance group, has downgraded Laos from category 6/7 to the...

Traveloka Joins UNWTO to Boost Sustainable Tourism Efforts

Traveloka is the only travel platform in Southeast Asia with UNWTO membership, charting a path for the tourism industry’s recoverySINGAPORE - Media OutReach...

Edison Lab Partners with Searching C to Launch Smart Bag SchuBELT with Retractable Straps in Hong Kong and Taiwan

Backpack, shoulder bag, and handbag all at once, with expandable storage HONG KONG SAR - Media OutReach - 15 June 2023 - Edison...

GEODIS Hong Kong achieves CEIV Lithium Battery certification

IATA accreditation demonstrates logistics provider’s commitment to safety and operational excellenceHONG KONG SAR - Media OutReach - 15 June 2023 - GEODIS,...

Arrow Electronics Offers Engineering Expertise to Help Pingspace Develop Robotics-As-A-Service Solutions for Warehouse Operation Efficiency

HONG KONG SAR - Media OutReach - 15 June 2023 - Global technology solutions provider Arrow Electronics, Inc. today announced its technology and...