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,...

Bank of Laos Responds to EU Sanctions Against Lao Bank

The Bank of Laos (BOL) has publicly addressed European Union (EU) sanctions imposed on the Joint Development Bank (JDB), which threatened the bank’s international...

Laos Inflation Drops to 9 Percent, But Living Costs Remain High

Laos recorded an inflation rate of 9 percent in May, down from 10.2 percent in April, marking the first slowdown in consumer price growth...

Laos, Cambodia Advance ASEAN Power Grid

On 25 May, Laos and Cambodia signed a joint framework agreement in Phnom Penh to launch a feasibility study on a cross-border power grid...

European Union Sanctions Lao Bank JDB Over Alleged Russia Ties

The European Union has sanctioned the Lao-based Joint Development Bank (JDB), marking the first time the bloc has targeted a Lao financial institution as...

Laos Halts Fossil Fuel Vehicle Imports, Sets Price Controls for Electric Cars

The Lao government has announced the suspension of imports of most fossil fuel-powered vehicles until the end of 2026 and imposed strict price controls...

EDL to Purchase Rooftop Solar Electricity from Households

Electricité du Laos (EDL), the state power utility, announced a new nationwide policy to purchase electricity generated from residential rooftop solar systems, as part...