Economy

Lao Scholar Draws on History to Explore What Makes a Country ‘Great’

In many Lao communities, temples are among the cleanest places around. People sweep the grounds, tend to the gardens, and take care of the buildings. There is a shared understanding that these places are sacred, belong to everyone, and that caring for them is a collective responsibility. But why doesn't...

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 Orders Local Trade Offices to Stop Restricting Business Competition

The Ministry of Industry and Commerce has ordered trade offices nationwide to stop imposing...

Laos Inflation Eases to 7.7 Percent as Electricity Costs Remain High

Laos’ inflation edged down to 7.7 percent in October from 7.8 percent in September,...

Monsoon Wind Power Project in Laos to Start Ahead of Schedule

The 600 MW Monsoon wind power project in Laos is set to start trial operations in late December, two months earlier than the initially...

Employers Advised to Adopt Fair Exchange Rates for Salaries, Wages Starting 1 October

UPDATED on 4 September at 2:01 PM Starting 1 October, all organizations and companies in Laos that define salaries in foreign currencies and pay their...

MAG Receives Funding to Expand UXO Clearance in Khammouane, Laos

The Mines Advisory Group (MAG) has secured over USD 800,000 from the Freeman Foundation and Restoration Laos to fund UXO clearance and explosive ordnance...

Ministry of Energy and Mines Considers Electricity Price Adjustments for 2024-2028

The Ministry of Energy and Mines (MEM) is exploring changes to electricity prices for the 2024-2028 period to ensure the long-term sustainability of electricity...

Cambodia to Sign Double Taxation Agreements with Laos, Philippines

Cambodia is set to sign double taxation agreements (DTAs) with Laos and the Philippines, following the completion of essential technical procedures, according to Cambodian...

Inflation Rate in Laos Sees Slight Dip in August

Laos experienced a slight dip in its inflation rate in August, which stood at 24.3 percent, down from July’s 26.1 percent. Despite the slower...