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,...

Laos Sees 3 Percent Growth in Agriculture Sector in 2022

Laos recorded a 3 percent growth in the agriculture, fisheries, forestry, and rural development sector in 2022, in line with the Ministry of Agriculture...

Lao Government Increases Living Allowances for Civil Servants

The Prime Minister's Office has recently announced the increase in living allowances for civil servants across the country. A notice issued by the office...

Bank of the Lao PDR to Issue Bonds Worth LAK 1 Trillion

The Bank of the Lao PDR has announced that LAK 1 trillion in special bonds* will be available for people in Laos to purchase...

Is Laos Ready to Welcome Tourists from China?

With Laos trending as a travel destination over the past several months and China reopening its borders on Sunday, is the country prepared for...

Inflation in Laos Soars to its Highest Rate at 39.27 Percent in December

Inflation in Laos skyrocketed to 39.27% in December 2022, the highest rate of the year, according to the Lao Statistics Bureau (LSB). In December 2022,...

Laos to Start Exporting Electricity to Cambodia in New Project

The opening ceremony of the 500 KV power station and transmission line from Laos to Cambodia took place in Champasack's Khong district on Tuesday. Electricite...