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,...

Four Thai Bank Branches Discontinue Services in Laos

The Deposit Protection Office (DPO) of the Bank of Lao PDR announced this month that four Thai commercial bank branches in Laos have voluntarily...

Laos, Thailand Likely to Construct New Expressway in Savannakhet

Authorities in Laos and Thailand have discussed a feasibility plan to construct an expressway from Savannakhet Province to the nearby Vietnamese border, linking Northeastern...

Laos Faces a Growing E-Commerce “Scamdemic”

Lao netizens are now contending with a surge in scams perpetrated through social media platforms, giving rise to what's being termed a "scamdemic." This...

ADB to Finance USD 45 Million Package to Strengthen Health Care Services in Laos

The Asian Development Bank (ADB) has approved a USD 45 million financing package to help strengthen quality health care in 16 districts across 10...

Thai Digital Minister Proposes Shutting Down Facebook Due to Scam Ads

Thailand’s Digital Economy and Society Minister Chaiwut Thanakamanusorn is keen on seeking a court date later this month, to submit a proposal to shut...

Lao Central Bank Issues Statement to Clarify False Foreign Account Claims

The Bank of Lao PDR (BOL) has issued a statement to dismiss false claims circulating online that suggest foreign currency bank account holders may...