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,...

Laos Embraces Online Shopping via Social Media, Cross-Border Innovation

In Laos, where traditional retail infrastructure lags behind its Southeast Asian neighbors, online shopping has become a trend despite its limited e-commerce presence, largely...

Lao Kip Hits Record Lows Against US Dollar, Thai Baht

Laos is facing significant economic challenges as its national currency continues to depreciate against foreign currencies, notably the US dollar and the Thai baht....

New Express Freight Train Links China, Laos, Thailand, Malaysia in Regional Trade Boost

The first China-Laos-Thailand-Malaysia express freight train began its journey from Chengdu, the capital of China's southwestern Sichuan Province on 30 April, and it is...

Laos Faces Economic Struggles Amidst Rising Inflation, Trade Deficit

Laos is grappling with ongoing economic challenges, marked by a dual struggle against rising inflation rates and a widening trade deficit. Although the year-on-year...

Highway Collapse in Southern China Kills at Least 36 People

BEIJING (AP) — A section of a highway collapsed after heavy rains in southern China, sending cars tumbling down a slope and leaving at least...

Lao Economic Growth Remains Below 2019 Levels, World Bank Report Reveals

Lao economic growth is facing continued challenges, with growth estimated to have remained below 2019 levels in 2023 and expected to stay below that...