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,...

Global Reading Crisis: 300 Million Children at Risk by 2030, Report Says

More than 300 million children, representing 37 percent of all young people worldwide, will fail to achieve basic reading proficiency by 2030 if immediate...

Crackdown on Corruption: Lao Officials Push for Severe Penalties

The government has lost significant sums of money to corruption, with the State Inspection Authority identifying development and investment projects, especially roads and bridges,...

Chinese Girl Sparks Debate After Entering Global Math Contest Finals

Jiang Ping, a 17-year-old student in China, has sparked debate on mathematics and education after she was shortlisted for the 2024 Alibaba Global Mathematics...

Laos, Vietnam to Launch Cross-Border QR Payment Service in August

Laos and Vietnam will launch a cross-border QR payment service to enhance tourism and economic exchanges between the two nations. The service is expected...

More Than 415,000 Lao Workers Abroad Affecting Domestic Labor Market

Over 415,000 Lao workers are currently employed abroad, exacerbating a labor shortage in the country, as highlighted by Baykham Khattiya, Minister of Labor and...

Laos Plans to Raise Minimum Government Salary by 2025

The Lao government has announced plans to increase the minimum salary of civil servants to between LAK 2 million and 2.2 million (USD 91.45...