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,...

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...

Ministry of Health Issues New Rules to Keep Medicine Prices Stable

The Ministry of Health has issued a new regulation to be put into action 45 days after being posted on the Lao Official Gazelle...

Lao Government Bonds Sell Out Like Hotcakes on First Day

Government bonds at commercial banks across Laos sold out in just a few hours after the government announced they would go on sale today. The...