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,...

Ice Association Announces Price Rise in Vientiane Capital

As rampant inflation continues to increase the cost of living in Laos, the Vientiane Ice Association has announced an increase in the price of...

Construction Begins on Giant Khaen Hotel in Southern Laos

The Sithandon Special Economic Zone has begun construction of a hotel complex shaped like a giant khaen in Champasack's Khong District at the four...

Starbucks Amplifies its Expansion Efforts in Asia-Pacific Region

Intending to leverage from Asia’s reopening after the Covid-19 pandemic, Starbucks has launched its biggest expansion drive in five years. The multinational company plans to...

Natural Disasters Cost Laos Economy Over USD 77 Million in 2022

Tropical storms like Mulan, Ma-on, and Noru affected 16 provinces across the country, ripping through towns and farmland, causing floods, and destroying crops and...

Japan, Singapore Agree to Support Startups from SEA Nations

Japan and Singapore have decided to strengthen their cooperation to support startups in SEA nations as Tokyo seeks more partnerships with companies in the...

Lao Airlines to Operate Flights from Pakse to China Starting Mid-2023

This year, Lao Airlines will launch new routes from Pakse to major cities in China to attract more visitors from the country. The new...