26 C
Vientiane
Friday, June 27, 2025
spot_img

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...

Lao Government Launches Legal Pathway for Jobs in Korea’s Fishery Sector

Laos is set to deploy workers to South Korea’s fisheries sector for the first time under the E-10-2 visa program, a move aimed at...

Laos Approves Cost-Cutting Road Policy to Boost Infrastructure

The National Assembly has approved a new policy aimed at promoting road construction and repair across the country, as proposed by the Minister of...

Laos Commits LAK 215 Billion to Strengthen Education and Keep Students in School

The Lao government has allocated over LAK 215 billion (approximately USD 9.97 million) to strengthen the country’s education sector, with a focus on increasing...

Oil surges, stocks fall on Middle East fears as Israel strikes Iran

AFP – Oil prices soared and stocks sank Friday after Israel launched "preemptive" strikes on Iran's nuclear and military sites and warned of more...

EssilorLuxottica Expands in Laos with New High-Capacity Lens Facility

EssilorLuxottica, a global leader in the design, production, and distribution of ophthalmic lenses, optical equipment, and eyewear, including both prescription and sunwear, has strengthened...

LOCA Launches Green Bond to Boost EV Use in Laos

LOCA, the Lao-grown ride-hailing and electric mobility startup, has announced the extension of its current fundraising round through the issuance of a USD 2.5...