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...

Laos Sees Foreign Currency Outflow of Over USD 303 Million this Year

The Lao government has reported a foreign currency outflow of over USD 303 million in the first nine months of this year. According to a...

Vientiane Residents Struggle with Fuel Shortage

  Motorists in Vientiane have taken to social media citing a chronic fuel shortage among petrol stations in the capital. Petrol stations have found themselves intermittently...

Prime Minister of Laos Orders Full-Scale Preparations for National Reopening

The Prime Minister of Laos has ordered full-scale preparations for reopening the country amid the launch of the Laos-China Railway. Lao Prime Minister, Dr. Phankham...

Thailand Seeks Connection with Laos-China Railway

The Thai government has said it is seeking a way to link Thailand's Thai-Chinese high-speed railway line with the Laos-China Railway. A senior Thai official...

Lao State Inspection Authorities Uncover Trillions Lost to Corruption

The State Audit Organization and the State Inspection Authority of Laos have uncovered massive losses of over LAK 1.5 trillion and USD 147,387 this...

Fuel Prices Rise Again in Laos Amid Covid-19 Pandemic

The government of Laos has announced an increase in fuel prices for the sixteenth time this year, bringing the price of regular gasoline to...