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 National Identity Card System Down Due to Database Error

A system error has brought down the national identity card database in Laos, leaving residents unable to receive ID cards. The Department of Census Management...

Vientiane Capital to See No Poor Districts This Year, Says Official

The capital is expected to be officially recognized as a poverty-free city by the end of this year. Mr. Anouphab Tounalom, Secretary of the Party...

Laos-China Railway Revises its Parking Fees at Vientiane Station

After a public uproar regarding the charges levied on vehicles when picking or dropping off passengers, Boten Frontier Services Limited has decided to waive...

Laos to Invest Over USD 2 Billion in Wind Power Project

The Lao government and relevant energy companies are expected to shell out over USD 2 billion for the construction of a wind power project...

Laos to Allow Yuan for Cross-border Transactions

Bank of Laos and the People's Bank of China have signed a memorandum of understanding regarding future payments in Yuan. Bank of Laos has issued...

Laos-China Railway Parking Ticket Causes Confusion

Motorists and taxi drivers have expressed their confusion over the Laos-China Railway Company's new parking ticket policy, which sees drivers charged for simply picking...