Economy

Laos Considers VAT Exemption to Subsidize Electricity for Low-Income Households

Laos’ National Assembly (NA) is considering a proposal to exempt subsidized residential electricity from Value-Added Tax (VAT) as the government looks for ways to ease living costs for low-income households. The Standing Committee raised the proposal during its monthly meeting on 6-7 August. According to the NA, the VAT exemption would...

Oudomxay Seeks More Railway Services to Boost Investment

Authorities in Oudomxay Province, northern Laos, have announced plans to expand railway services and...

Vientiane Halts New Microfinance, Pawnshop Licenses Amid Regulatory Review

On 31 July, the Bank of the Lao PDR (BoL) suspended applications for new...

Lao State Fuel Enterprise Posts 70 Percent Profit Surge in 2025, Eyes Stock Market Listing

The Lao state-owned Lao State Fuel Company (LSFC) reported a sharp rise in profits...

Naphao Customs Exceeds Annual Target on Mining Debt Repayments, Trade Growth

Naphao International Border Checkpoint in Khammouane Province collected more than LAK 669.5 billion (USD...

Vientiane Authorities Urge Telcos to Bury Cables

Vientiane's Department of Communication and Technology issued a notice last week ordering telephone companies in the capital to bury their cables underground by 25...

First, Largest Youth-Led Economic Forum Takes Place in Southeast Asia

The ASEAN Youth Organization has organized the first and largest youth economic forum, called the ASEAN Youth Economic Forum (AYEF) 2023 with the theme...

Singapore PM, Indonesia Pres. Push Harder on Myanmar Peace Plan

Singapore’s Prime Minister met with the President of Indonesia on Thursday, discussing ways to push ASEAN and the UN into taking a harder stance...

Tightening Monetary Policies Affecting Asian Nations

Highlights from the Asian Economic Integration Report 2023 (AEIR) by the Asian Development Bank (ADB) show that nations in the Asia and Pacific region...

Finance Ministry To Issue More Government Bonds via Lao Securities Exchange

The Ministry of Finance has announced the sale of a new tranche of government savings bonds worth trillions of kip. Lao News Agency reports...

Loca to Transition to Fully Electric Fleet by 2030

As more businesses transition to environmentally conscious practices, the LOCA ride-hailing service is at the forefront of this movement, providing Electric Vehicle (EV) services...