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 to Develop E-Commerce Policies, Strategies for Local Enterprises

Recognizing the surging trend of online sales in Laos, the government has designated the strengthening of e-commerce as a key strategic development goal for...

Sugar Prices Are Rising Worldwide After Bad Weather Tied to El Nino Damaged Crops in Asia

Skyrocketing sugar prices left Ishaq Abdulraheem with few choices. Increasing the cost of bread would mean declining sales, so the Nigerian baker decided to...

Laos Records Seventh Consecutive Month of Trade Deficit

Despite all the effort the Lao government is putting forth, the country continues to record a trade deficit for the seventh month in a...

Laos Plans Crackdown on Non-Compliant Crypto Firms

The Lao government has announced plans to take stern action against companies that fail to make progress or comply with agreements related to cryptocurrency...

Thailand Grants Stay Extension for Migrant Workers from Laos, Myanmar, Cambodia, Vietnam

In a recent move aimed at supporting migrant workers, Thailand has granted a stay extension to migrant workers from Myanmar, Laos, Cambodia, and Vietnam...

Laos, Russia Bilateral Trade Sees Hope for Growth Despite Current Dip

In the complex world of diplomacy, Laos and Russia's strong diplomatic ties contrast with their modest economic relationship. The Lao-Russia bilateral trade has taken a...