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Tuesday, September 24, 2024
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Economy

Lao Producers Gear Up for Duty-Free Exports to UK Under New Trade Scheme

Lao food and drink producers are preparing to export their products tariff-free to the United Kingdom (UK) under the UK’s Developing Countries Trading Scheme (DCTS). This initiative provides Lao exporters with access to the UK market without the burden of import tariffs, opening up new growth opportunities. On 19 September,...

Lao Government to Take Action Against Floodings, Economic Challenges

The Lao government has outlined plans to tackle national issues during its latest cabinet...

China-Laos Railway Facilitates Regional Trade Surge, Handling Over 10 Million Tons of Goods

Since its launch on 3 December 2021, the China-Laos Railway has handled over 10...

Khammouane Province Fights Deforestation with New Farmer-Led Conservation Initiative

The forestry authorities in Khammouane have launched a new project to protect biodiversity and...

Namtheun 2 Wins ASEAN-OSHNET Excellence Award for Outstanding Safety Performance

Namtheun 2 was recognized for its excellent health and safety performance at the 5th...

Oudomxay Estimates Over LAK 60 billion to Repair Roads

Department of Public Works and Transport in Oudomxay Province has estimated that more than LAK 60 billion will be required to rebuild roads damaged...

Laos Inflation Rate Hits an All-Time High of 30 Percent

Year-on-year inflation in Laos increased to 30 percent in August, according to the latest numbers from the Lao Statistics Bureau. The inflation rate for August...

Khammouane Expects to Repay LAK 478 Billion Debt in 10 Years

Authorities in Khammouane province are planning to repay debts of over LAK 478 billion from 53 development projects, over the next 10 years. Vientiane...

Top Credit Rating Agency Plans to Withdraw its Rating for Laos

Fitch recently announced that it plans on withdrawing its rating for Laos by the end of September.  No further clarification was offered by the American...

Flooding Wrecks 90% of the Agricultural Land in Oudomxay

Tropical storm MA-ON has severely damaged 90 percent of agricultural lands and irrigation systems in some districts of Oudomxay Province. Mr. Phimmasane Khonsilivong, head of...

Thai Court Shoots Down 10-year-old Case Against Laos’s Xayaburi Dam

A senior court in Thailand has thrown out a lengthy case by activists against the Xayaburi Dam in Laos. The Supreme Administrative Court of Thailand...