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,...

Thailand’s 2023 GDP Growth Projection Increased Due to China’s Reopening

Kasikorn Research Center (K-Research) has upwardly revised its growth forecast for the Thai economy in 2023 to 3.7 percent, against the 3.2 percent projected...

Govt Allots LAK 190 Billion to Repair Roads, Manage Floods in Vientiane Capital

The Ministry of Public Works and Transport expects to spend more than LAK 190 billion (USD 11,256,569) to repair roads and manage flooding in...

China’s Economy Grew by Only 3% in 2022

China's gross domestic product (GDP) expanded by only 3% in 2022, one of its lowest annual outcomes in decades. The country's GDP hit 121.0207 yuan...

Laos Gears Up to Welcome Chinese Tourists

The Ministry of Information, Culture, and Tourism hosted a forum on Monday to discuss preparations underway for the arrival of Chinese tourists. The meeting, a...

South Korea Continues to Strengthen Food Security in Laos

Ambassador of the Republic of Korea, Mr. Yung Soo Jung handed over a rice donation to the Minister of Labor and Social Welfare, Madame...

Bank of Laos Shuts Down 113 Currency Exchange Businesses

The Bank of the Lao PDR (BOL) issued a notice on Friday instructing 113 exchange businesses affiliated with commercial banks to suspend their operations....