Economy

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 bond and signing a tax agreement with Hong Kong aimed at reducing costs for cross-border investors. On 29 October, S&P Global Ratings upgraded Laos’s long-term credit rating from CCC+ to B-, with a stable outlook, indicating...

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 Links South Korea Work Visas to Overstay Rates as Program Expands

Laos will suspend access to South Korea’s seasonal work program for 3 years if...

Schools Reopen Under New Covid Restrictions in Laos

  The Government of Laos has extended Covid-19 restriction measures indefinitely but has eased several measures, including allowing in-person classes at schools. The notice states that...

Phousy Group Seeks Major Stake in BCEL Bank

A notice issued by the Prime Minister's Office has revealed that construction giant Phousy Group is seeking to purchase a major stake in BCEL...

Laos Sets Priority List of Crops for Export to China

The Government of Laos has set a list of priority agricultural produce it hopes to export to China. According to a notice issued yesterday by...

Lao Front asks Government to Address Land Disputes and Compensation

  The Lao Front for National Development (LFND) has asked the National Assembly to address land disputes and land acquisition without development across the country. According...

Thailand to Increase Freight Train Services Between Nong Khai and Laos

Thailand is to increase freight train services to Laos amid the opening of the Laos-China Railway. Bangkok Post reports that the State Railway of Thailand...

Laos to Export First Shipment of Citrus Fruits to China Next Year

  Laos plans to export its first shipment of over fifty thousand tons of citrus fruits to China early next year. The citrus fruits grown in...