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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...
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Vientiane Halts New Microfinance, Pawnshop Licenses Amid Regulatory Review

On 31 July, the Bank of the Lao PDR (BoL) suspended applications for new...
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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...
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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...
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Laos Secures Financial Deal on Region’s Largest Wind Farm

A developer alongside a regional bank has signed an agreement to fund USD 692 million for the 600MW "Monsoon Wind Power Project," Southeast Asia's...

Over 50% Of the World to Be Overweight or Obese by 2035

The World Obesity Foundation (OBF) has issued a report, stating that more than half of the world’s population will be overweight or obese by...

World Bank Launches Group Partnership Framework in Laos

The World Bank Group on Thursday presented its new Country Partnership Framework for 2023-26 to support Laos in its efforts to stabilize the economy,...

Swiss Food Conglomerate Nestle Halts Operations In Myanmar

The Swiss food company Nestle has decided to halt all production in Myanmar’s commercial capital, Yangon, a spokesperson from the company said. Citing that “to...

Japan Donates 52 New Public Buses Worth USD 3.7 Million to Laos

Road safety and air quality in Vientiane Capital are set to benefit from better public transport options with the contribution of new and improved...

EuroCham Laos Launches its Luang Prabang Chapter

Last week, 2023 ECCIL EuroCham Laos officially launched its Luang Prabang chapter during a networking event by its Platinum Sponsor AIF. Dilip Jesuthasan, Board...
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