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-China Railway to Launch Conventional Train Service

The Laos-China Railway Company is to operate a conventional train service from next month in order to accommodate a growing number of passengers. The new...

Government Makes Urgent Attempt to Curb Fuel Prices in Laos

The government of Laos has held talks on ways to control rising fuel prices faced by the country amid volatile global markets. According to the...

Police and Military to Jointly Patrol Laos-China Railway

Defense forces and public security forces are to jointly patrol the Laos-China Railway to ensure the smooth operation of railway services. Vientiane Times reports that...

Thai Baht Reaches Five-Month High

The Thai baht hit a five-month high on Monday with optimism over the nation’s tourism sector boosting inflows. Reuters reports that the baht rose as...

Laos-China Railway Opens Ticket Office at Vientiane Center

The Laos-China Railway Company is to open a ticket sales office at the Vientiane Center shopping complex in Vientiane Capital. CRI reports that the new...

Laos Reduces VAT to Support Hard-hit Economy

Laos has lowered its value-added tax (VAT) rate as part of the government's post-Covid-19 economic recovery efforts. Under new regulations issued in December, the standard...