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,...

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...

Laos Records Trade Surplus of USD 48 Million in February

Laos recorded a trade surplus of USD 48 million in February, making for a better start to the year. Laos' trade surplus was approximately USD...

BCEL Ramps Ups Security Following ATM Skimming Scare

Banque Pour Le Commerce Exterieur Lao Public (BCEL) has advised chip cardholders to update their passwords to avoid ATM skimming which is now quite...