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Wednesday, July 16, 2025
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Economy

Thailand Postpones Tourism Tax Again, Now Unlikely Before 2026

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...

Tripartite Cooperation Accelerates: Promoting Logistics and Tourism along the China-Laos-Thailand Railway

A press conference convened in Thailand's Khon Kaen on 14 July to promote the...

Vientiane’s BRT Project Reaches Over 80% Completion

Vientiane’s Bus Rapid Transit (BRT) project has now reached 81.5 percent completion as of...

Vientiane Approves Stricter Waste Management Rules With Fines for Violators

The Vientiane Capital People’s Council has approved a new Agreement on Waste Management and...

Laos Begins Compensation Process for Railway-Affected Residents

The Lao government has begun compensating residents whose land and property have been affected...

World Bank Classifies Laos as Lower-Middle-Income Economy for 2020

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...

Moody’s Assigns First-time Issuer Rating of B3 to Laos

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...

Lao Stock Exchange Sees Steady Growth

Almost a decade ago, the Lao Stock Exchange launched with only a few public companies. Now, it boasts 11 registered companies, all of which...

Laos to Bolster Tax Collection via New Laws

Laos has teamed up with the World Bank, revealing new laws on taxation that would boost the productivity of businesses and ensure accurate and...

Central Bank Governor Explains Reasons for Weak KIP

The Governor of the Central Bank, Sonexay Sitpraxay has stated that weak domestic production is among the causes of the rapid depreciation of the...

Laos Launches Inspection on Car Dealers to Curb Illegal Imports

The Lao government has instructed dealers who import and sell vehicles to present their documents no later than November 29, in a move to...