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Monday, June 30, 2025
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Economy

Laos Proposes Tax Relief for Small Businesses Under Revised Income Tax Law

On 24 June, Laos proposed amending the Income Tax Law to exempt unprofitable small businesses from taxes, aiming to ease their burden and improve tax efficiency, Finance Minister Santiphab Phomvihane said. Under the new system, micro-enterprises would be allowed to deduct operational expenses before calculating their tax obligations, shifting away...

Water Shortages Persist in Laos Amid Rising Demand and Weather Challenges

The Water Supply Enterprise of Champasack issued a statement on 23 June addressing the...

Laos, South Korea Launch Medical University Project in Vientiane

Laos is establishing the first infrastructure for the University of Health Sciences (UHS) in...

Laos Clarifies LAK 3,000 Telecom Fee After Viral Video Sparks Public Doubt

A government official has clarified the purpose of the LAK 3,000 (USD 0.14) monthly...

Oil Prices Spike After United States Strikes on Iran Nuclear Sites

AFP - Oil prices surged in early trade Monday on concerns of disruption to...

Boeing Jet Bound for China Sent Back to United States Amid Tariff Tensions

A Boeing jet originally built for China’s Xiamen Airlines flew back to the United States (US) on 20 April, caught in the crossfire of...

Laos-China Railway Celebrates Two-Year Anniversary of Cross-Border Service with 480,000 Passengers

The Laos-China Railway has marked its second anniversary of cross-border operations, having transported 480,000 passengers from 112 countries since the service began. The railway has...

Vietnam to Export Power to Singapore, Malaysia; Import More from Laos, China

Vietnam has revised its national power plan as it pushes for double-digit economic growth between 2026 and 2030. The country now aims to significantly...

ASEAN Economic Ministers Say No to Retaliation in Response to US Tariffs

Ministries from the Association of Southeast Asian Nations (ASEAN) expressed "deep concern" over unilateral tariffs introduced by the United States.  The statement, adopted during their...

Government Raises Student Living Allowances Nationwide to Boost Education Access

The Ministry of Education and Sports has announced a nationwide increase in monthly living allowances for students at all levels of education, effective immediately.  The...

Laos Exports Farm-Raised Pangasius to China in Milestone Aquatic Trade Deal

Laos has successfully exported its first-ever shipment of farm-raised freshwater pangasius fish to China, marking a historic milestone for the country’s aquatic industry. The shipment...