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,...

Bank of Laos Blames Currency Manipulation for Crisis

The Bank of the Lao PDR has called out currency manipulators and blamed the importation of unnecessary luxury items as reasons for the current...

Laos Sees Over 2,000 Visitors After Full Reopening

Laos has recorded more than 2,000 arrivals at land borders and Wattay International Airport following the country's 9 May reopening. Dr. Kikeo Khaykhamphithoune, Deputy Prime...

Students in Laos See a Difficult Future in the “New Normal”

With the government’s recent decree reopening the country, many in Laos are hoping to pick up where they left off before the pandemic abruptly...

Laos Economic Recovery Challenged by Debt and Rising Prices

While the economy is beginning to recover from the effects of Covid-19, Laos faces stiff challenges associated with long-standing macroeconomic imbalances, according to the...

Vientiane Petrol Station Owner Issues Apology for Coffee Confusion

The franchisee of a PTT petrol station in That Luang, Vientiane Capital, has publicly apologized for forcing customers to purchase coffee prior to being...

Laos State Fuel Company to Purchase Fuel from Xieng Khouang Refinery

As fuel shortages worsen, the Lao State Fuel Enterprise has signed a purchase agreement with an oil refinery in Xieng Khouang. Mr. Sisangkhom Khotyotha, Director...