Economy

Global Financial Bodies Warns of Slower Growth, Higher Inflation for Laos in 2026

Laos' economy is expected to continue expanding this year, even as slower growth and inflation present challenges, according to a global financial institution. In its latest outlook released on 9 July, the Asian Development Bank (ADB) forecast that Laos’ economic growth will ease this year while inflation surges, driven largely...

Railway Expansion, Education Reform Among Key Issues at National Assembly

Expanding the railway to southern Laos, rolling out a new school system, reducing poverty,...

Laos Collects USD 12 Million in Digital Taxes From Global Tech Companies

Laos has collected approximately USD 12 million in digital taxes from global technology companies...

Laos Agricultural, Forestry Exports Top USD 1 Billion in First Half of 2026

Laos earned more than USD 1 billion from agriculture and forestry exports in the...

Champasak Signs Deal for New 5-MW Solar Power Project

Authorities in Champasak signed a concession agreement on 3 July with a private company...

Laos and Russia Consider Launching Direct Flights to Promote Tourism

Laos and Russia are in talks about launching direct flights, hoping to bolster tourism between the two countries. On 27 October, Deputy Minister of Information,...

Laos Celebrates International Day Of The Girl Child

On the 10th anniversary of the International Day of the Girl Child (IDGC), the Lao Women's Union and the United Nations Population Fund (UNFPA),...

Prudence Foundation, ChildFund Sign MOU to Improve Laos’ Financial Literacy

Prudence Foundation, the community investment arm of Prudential plc in Asia and Africa with ChildFund in Laos on Wednesday signed a Memorandum of Understanding...

Rising Currency Exchange Rates Adversely Impact Vehicle Owners

As the value of Kip depreciates against foreign currencies, especially the US dollar, residents are finding it increasingly difficult to repay the installments on...

Laos Touted as One of the Best Places to Visit in 2023

Curated by the well-known travel magazine, Wanderlust, famous tourist spots in Laos have made it on the list of best places to visit in...

Party Central Committee Promises to Fix Inflation in Laos

The Central Committee of the Lao People’s Revolutionary Party has pledged to get a grip on the rising inflation and other economic difficulties the...