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,...

Surge in Cross-Border Tourism: Thailand Welcomes Over 300,000 Lao Nationals in Early 2024

In a surge of cross-border tourism, Thailand welcomed over 300,000 Lao nationals in the first three months of this year. This influx has placed...

Inflation in Laos to Remain High All Year Long, Bank of Laos Says

Inflation will remain high through the end of 2024, making it impossible to reduce the inflation rate to a single-digit figure within this year,...

Laos Expands Telecommunications Network, Reaching Remote Villages

Laos has achieved a big step in its telecommunications system by adding fiber optic cable that stretches 98,524 kilometers. This means more villages across...

China Identified as Most Influential Economic Power in Southeast Asia, Survey Finds

A recent survey of nearly 2,000 respondents from the 10 ASEAN countries has identified China as the most influential economic power in the region. The...

Inadequate Minimum Wage Deepens Economic Woes in Laos, Fueling Labor Shortages, School Dropouts

Laos is grappling with growing economic and societal challenges as the current minimum wage, deemed inadequate by both workers and business owners, exacerbates labor...

Laos Launches New E-commerce Platform for Agricultural Products, Supported by Chinese Government

After two years in the work, a new e-commerce platform for Lao agriculture products has finally been launched to promote both domestic trade and...