Vietnam and the Philippines have been reclassified as upper-middle-income economies by the World Bank, leaving Laos, Cambodia, Myanmar, and Timor-Leste as the only ASEAN members still in the lower-middle-income category.
The annual income classifications, released on 1 July, place seven of ASEAN's 11 members in the upper-middle-income bracket or higher....
Laos has banned export of timber and wood products to protect its environment, which has put many foreign investors in a fix, including Indians.
"In...
Lao economists are optimistic that economic cooperation between Laos and Republic of Korea will surge after eight cooperation documents were signed by the two...
VIENTIANE, Laos — The Philippines is ready to strengthen its economic ties with Laos, which hosts about 1,500 Filipino migrant workers.
The Philippines' economic partnership...
Thailand has increased its purchase of electricity from 7,000 to 9,000 megawatts from Laos this year to ensure sufficient supply and meet rising demand.
A...
Vientiane, Laos, 8 September 2016 – Regional broadcaster, Channel NewsAsia, brought together business leaders and the government sector for two forums held during the...
