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 and China Sign New Electricity Agreement

China Southern Power Grid (CSG) signed an electricity agreement with Electricite du Laos (EDL) on Wednesday in a move to set up a shared...

Laos Eyes USD 1.55 Billion Trade Surplus for 2022

The Lao government is hoping for a trade surplus of at least USD 1.55 billion in 2022, despite the economic challenges caused by the...

Laos-China Railway Tests Multiple-Unit Train Control

Laos-China Railway has completed testing of multiple-unit train control, combining two EMU trains. The Laos-China Railway Company (LCRC) announced that it had successfully tested multiple-unit...

Laos to Increase Fuel Prices Amid Global Disruption

Authorities are to increase fuel prices yet again tomorrow as the conflict in Ukraine pushes prices upward. The price of fuels will be increased across...

Vientiane Capital Begins Second Phase of Flood Protection Project

The government of Laos has begun construction of the second phase of a flood protection project in Vientiane Capital this month. An opening ceremony for...

Moung Khoun Island Reconstruction in Luang Prabang 90% Complete

A project is underway to rebuild the sacred Moung Khoun Island in Chomphet District, Luang Prabang, following its disappearance after the construction of the...