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 Sees Trade Deficit of USD 126 Million in June

Laos' imports and exports totaled over USD 1 billion in June; exports were valued at USD 458 million, while imports were approximately USD 584...

Provincial Authorities Step In to Avert Healthcare Crisis in Laos

Provincial health departments in Laos have urgently intervened to countermand regulations issued by struggling provincial hospitals mandating patients bring their own medicines due to...

Lao PM Calls for ‘De-dollarization’ and Further Regulation of Foreign Currencies

Prime Minister Sonexay Siphandone signed a seven-page order on 14 July to ensure that foreign exchange earned through exports and foreign investments, enters the...

Khammouane Provincial Hospital Faces Medicine Shortage

Khammouane Provincial Hospital is currently facing a critical shortage of essential medicines, with patients now being asked to bring their own. In a recent notice...

Laos Vows to Expand Nationwide Mobile Phone Coverage by 2025

Lao Ministry of Science and Technology has pledged to increase mobile phone coverage in the country, especially in rural areas by 2025.  Mr. Boviengkham Vongdara,...

Lao Central Bank Governor Urges Curbing Luxury Imports to Tackle Inflation

The Governor of the Bank of Lao PDR, Mr. Bounleua Sinxayvoravong, presented a bold proposal to the National Assembly, calling for stringent limitations on...