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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...

Traditionally-crafted Bamboo Brooms Earn National Recognition

Broom-making is more than just a craft in Bokeo’s Kang village, it’s a long standing tradition that has been passed down for generations.  On 24...

Laos, Japan Discuss Plans for Direct Flights, Visa Easing

Laos and Japan have upgraded their relationship to a Comprehensive Strategic Partnership, marking 70 years of diplomatic ties and paving the way for closer...

Laos Mining Sector Attracts Over USD 2.4 Billion in 2024 Investments

Laos' mining industry attracted nearly USD 2.5 billion in investments in 2024, surpassing annual targets and showcasing the sector’s critical role in driving economic...

Lao Brewery Company Emerges as Laos’ Top Taxpayer in 2024

The Lao Brewery Company Ltd. (LBC) cemented its position as Laos’ largest taxpayer in 2024, contributing over LAK 5.1 trillion (USD 240 million) in...

Xam Tai District’s Silk Tapestries Set to Achieve ODOP Status

Traditional silk tapestries from Xam Tai district in Houaphanh Province will soon be recognized as official One District One Product (ODOP), aiming to preserve...

Xayaboury Produces 1.56 Million Tons of Cassava in 2024, Boosts Exports to Thailand

In 2024, farmers in four southern districts of Xayaboury Province cultivated nearly 54,000 hectares of cassava, producing approximately 1.56 million tons. With Thailand as...