Thailand’s long-anticipated “Tourism tax,” often referred to as the “land entry tax,” has been delayed once again, with officials now targeting the second or third quarter of 2026 for implementation.
On 14 July, Deputy Minister of Tourism and Sports Jakraphon Tangsutthitham announced that 2025 would not be an appropriate time...
The World Bank has classified Laos as a lower-middle-income economy in its latest classification for the 2020 fiscal year.
The bank classifies the world’s economies...
American credit rating agency Moody’s has assigned a B3 rating with a positive outlook to the government of Laos, citing the country’s high economic...