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Friday, November 15, 2024
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Economy

Nam Theun 2 Power Company Earns Laos’ First International Anti-Bribery Certification

Nam Theun 2 Power Company Ltd. (Nam Theun 2) became the first company in Laos to receive the ISO 37001:2016 or the Anti-Bribery Management Systems certification on 6 September. This certification highlights Nam Theun 2’s commitment to upholding transparency and integrity, with the endorsement of its shareholders Electricité de France...

Laos, Russia Team Up on Unexploded Ordnance Clearance in Houaphanh Province

Laos’s Ministry of Defense and the Russian Embassy in Laos launched a humanitarian project...

Xieng Khouang to Celebrate Khao Kai Noi Festival, Showcasing Laos’ Premium Rice

Xieng Khouang Province is set to host the Khao Kai Noi Festival from 25...

Laos-China Railway Hits 3 Million Passengers in First 10 Months of 2024

Over the first ten months of 2024, the Laos-China Railway transported a total of...

That Luang Festival to Feature Over 1,600 Booths Showcasing Lao Crafts, Culture

The 2024 That Luang Festival, running from November 11 to 15, is set to...

World Bank Classifies Laos as Lower-Middle-Income Economy for 2020

The World Bank has classified Laos as a lower-middle-income economy in its latest classification for the 2020 fiscal year. The bank classifies the world’s economies...

Moody’s Assigns First-time Issuer Rating of B3 to Laos

American credit rating agency Moody’s has assigned a B3 rating with a positive outlook to the government of Laos, citing the country’s high economic...

Lao Stock Exchange Sees Steady Growth

Almost a decade ago, the Lao Stock Exchange launched with only a few public companies. Now, it boasts 11 registered companies, all of which...

Laos to Bolster Tax Collection via New Laws

Laos has teamed up with the World Bank, revealing new laws on taxation that would boost the productivity of businesses and ensure accurate and...

Central Bank Governor Explains Reasons for Weak KIP

The Governor of the Central Bank, Sonexay Sitpraxay has stated that weak domestic production is among the causes of the rapid depreciation of the...

Laos Launches Inspection on Car Dealers to Curb Illegal Imports

The Lao government has instructed dealers who import and sell vehicles to present their documents no later than November 29, in a move to...