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Friday, May 9, 2025
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Economy

Laos Sets Sights on Becoming Asia’s Gold Trading Powerhouse

Laos has set a big goal: to become the main center for buying, selling, and processing gold in Asia within the next five years. At a high-profile meeting on 02 May, the Lao Bullion Bank (LBB) presented its ambitious strategy to position the country as a regional leader in precious...

Laos Begins Transition to Underground Power, Communication Cables

Laos has launched a new infrastructure project aimed at relocating internet, communication, and low-voltage...

Renovation of Vientiane’s Sithong Road to Be Completed by Year-End

Vientiane’s popular Sithong Road, connecting Route 13 North and ASEAN Road, is undergoing a...

United Nations Rights Review Applauds Laos’ Engagement but Flags Deep Concerns

On 29 April, the United Nations Human Rights Council commended Laos for collaborative participation...

Celebrating 15 Years of Success: Nam Theun 2 Gala Dinner

On 30 April, Nam Theun 2 Power Company celebrated its 15th anniversary of operation...

Laos Behind Other ASEAN Nations in Digital Maturity

Laos ranks ninth out of the ten ASEAN countries in terms of digital access, affordability, and quality of internet services, according to a new...

Fitch Downgrades Laos’ Long-Term Foreign-Currency IDR to ‘CCC-‘

American credit rating agency Fitch Ratings has downgraded Laos' status as it believes the country is now more vulnerable to default on financial obligations. Fitch...

Laos-China Railway Admits Poor Management

The Director-General of the Laos-China Railway made a statement yesterday admitting the railway system's inefficient management. Mr. Daochinda Sihalath, Director-General of the Laos-China Railway, acknowledged...

Prices Still High in Laos Despite Drop In Foreign Currency Values

Despite a drop in the value of key foreign currencies, food and imported goods prices still remain high. Foreign currency values, particularly the US dollar...

Sithandone SEZ Unveils New Development Projects

The Sithandon special economic zone has began the construction of two major development projects in Four Thousand Islands.  The project plans were finalized on 25...

Laos Sees Renewed Fuel Shortages as Pumps Shut Down in Vientiane Capital

Social media users across Vientiane Capital began reporting closed petrol stations today as Laos looks to be headed back into fuel shortages. Many have begun...