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,...

New Bank of Laos Governor: Mismanagement of Foreign Currency Rife

Newly-appointed Governor of the Bank of Laos, Mr. Bounleua Sinxayvoravong, addressed the National Assembly about the challenges and difficulties faced by the nation in...

Laos Government Bonds Selling Fast

The Government of Laos has successfully sold half of the savings bonds it issued earlier this month in just eight days. According to a statement...

Vang Vieng Expressway Pegs Tolls to US Dollar

Tolls on the Vientiane to Vang Vieng Expressway will be pegged to the US dollar from 1 July, according to an announcement by the...

Southeast Asian MPs Urge ASEAN Economic Ministers to Immediately Tackle Food Crisis

As food and fuel prices rise alarmingly around the world, Southeast Asian legislators are pressing their countries' economic ministers to hold an emergency summit...

PM: 700 Million Liters of Fuel Smuggled into Laos Every Year

Over 700 million liters of fuel is smuggled into Laos every year according to Prime Minister Phankham Viphavanh. Vientiane Times reports that the Prime Minister...

Government of Laos to Value State Assets

The Government of Laos is considering engaging an international consulting firm to determine the value of state assets, particularly those pertaining to natural resources. Vientiane...