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,...

THB 300 Tourism Fee for Entry Into Thailand Still in Limbo

The fate of the THB 300 tourism fee scheme, which was proposed in July 2022, currently lies in the hands of the incumbent government,...

IMF Sees Laos Return to Steady Growth, Warns of Debt Risk

This year's conversation with Laos saw the IMF focused on how to support steady economic growth in 2023, considering the high public debt that...

Fire Incidents Cost Vientiane Capital LAK 760 Million in Four Months

Vientiane Capital has reported economic damages of about LAK 760 million or over USD 40,000 due to fire-related incidents from January to April. Lieutenant...

BOL, Ministry of Finance Sign MOU to Enhance Cooperation

The Bank of the Lao PDR (BOL) and the Ministry of Finance signed a memorandum of understanding (MOU) on Monday to improve cooperation between...

President of Laos to Attend “Future of Asia” Conference in Japan

President Thongloun Sisoulith will attend the Future of Asia Conference in Tokyo, Japan which is being held under the slogan, "Leveraging Asia’s Power to...

Drinking Water Association Announces Price Hike Due to Economic Hurdles

The Drinking Water Association in Vientiane Capital released a notice on Thursday, announcing an increase in price of the 18 liters bottle of drinking...