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,...

Dr. Martens Boots “Made in Laos” Set Social Media Abuzz

Dr. Martens has been trending on social media in Laos after one person made the surprise discovery that the German-founded British brand of boots...

Laos May Face Foreign Debt Defaults as Economic Turbulence Continues

Following unsustainable external debt ratios and challenging future debt repayments, Credendo, a European credit insurance group, has downgraded Laos from category 6/7 to the...

Laos Starts Emergency Assistance Programs to Help Families With Food Shortage

Multiple projects have been launched recently to provide food security to disadvantaged families across Laos with support from the World Food Program (WFP). According to...

Lao Govt Looks at Manufacturing, Tourism Industries to Help Overcome Economic Turmoil

During the 6th Plenary Session of the 11th Party Central Committee held last week, President Thongloun Sisoulith addressed the committee, asking them to focus...

China Starts New Freight Train Route from Chongqing to ASEAN

The first freight train from the Southwest province of Chongqing arrived in Malaysia on Thursday on a new route to reduce the expenses and...

Laos Seals MOU With Chinese Firm for Development of That Luang SEZ

To attract more investment to the That Luang Lake SEZ, the Special Economic Zone (SEZ) Office in Laos signed an agreement with Huangpu Renewable...