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,...

Korean Developer to Construct Golf Course and Resort on Mekong River Island

The Lao government and Korean investors plan to construct a golf course and resort on an island in the Mekong River in Vientiane Capital...

Laos Inflation Rate Sees Modest Decline in May

The country recorded a year-on-year inflation rate of 38.86% in May, according to information from the Lao Statistics Bureau (LSB). The year-on-year inflation rate in...

World Bank to Support Improvement of Laos Electricity Grid

The World Bank has approved a Power Distribution Improvement Project to increase the capacity and efficiency of the domestic electricity grid in Laos and...

Renewable Energy Surges, Driven by Solar Boom and High Fuel Prices, Report Finds

BERLIN (AP) — The world is set to add a record amount of renewable electricity capacity this year as governments and consumers seek to...

Lao Central Bank Restores Foreign Currency Control Department

The Bank of the Lao PDR has reinstated the Foreign Currency Control Department for foreign currency management in the country amid the depreciation of...

Authorities Plan to Connect Vientiane-Vang Vieng Expressway to Xaysomboun Province

Authorities in Vientiane and Xaysomboun provinces have discussed a corridor plan on the Vientiane-Vang Vieng Expressway to connect the two provinces. Lao National Radio...