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,...

85 Percent of Tourists Traveled to Luang Prabang by Train This Year

The majority of tourists travel to Luang Prabang using the Laos-China Railway as opposed to other means of transport, according to a new report. According...

Government Approves Caustic Soda Processing Plant Project in Thakhek

Last week the Ministry of Finance and Lao-Jinda Industrial Co.Ltd signed a contract, to allow the latter to build a Caustic Soda processing plant. The...

Korean Company Seeks Govt. Partnership to Expand Luang Prabang Airport

Korea Airports Corporation (KAC) intends to sign a partnership with the government of Laos to expand and develop the Luang Prabang International Airport. KAC...

MRC Public Forum to Discuss Development Challenges, Seek Joint Solutions

The Mekong River Commission will soon host its 13th Regional Stakeholder Forum, in which the MRC will not only provide updates on hydropower projects along Southeast...

New Cambodian Banknotes Raise Questions Among Lao Citizens

People from Laos expressed their confusion after the official release of KHR 200 banknotes as they contained a similar motif to Laos's erstwhile flag. Last...

Laos Public and Private Debt to Cross 100 Percent of GDP by 2022-End

Despite signs of economic recovery in early 2022, Laos faces increased challenges from currency depreciation and high inflation, according to the World Bank’s latest...