Economy

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 the nationwide overstay rate reaches 70 percent, under new rules introduced as the country expands overseas job opportunities. A provincial overstay rate above 20 percent will trigger a one-year suspension of visa issuance for Bolikhamxay Province,...

Laos Bans Money Bouquets, Crafts Made From Kip Banknotes

Laos has banned the production, sale, and advertising of crafts made from kip banknotes,...

Laos Targets Faster Border Checks in USD 5 Million Trade Project

Laos is preparing local businesses for higher costs when selling goods abroad, as the...

Thailand’s AIS Plans USD 43.35 Million Investment in Lao Telecom

Thailand’s mobile operator AIS plans to invest USD 43.35 million in Lao Telecom, one...

More Lao Citizens Live Abroad as Foreign Population Nearly Doubles

The number of foreign nationals living in Laos has nearly doubled over the past...

Indian Investors Affected By Laos Ban On Timber Exports

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...

Economists Predict Laos-South Korea Economic Boom

Lao economists are optimistic that economic cooperation between Laos and Republic of Korea will surge after eight cooperation documents were signed by the two...

Philippines to Boost Ties With Laos On Trade, Education

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...

Japan to Help Transform Laos

VIENTIANE - Japan and Laos have agreed on a joint plan to spur development in the landlocked Southeast Asian country during a meeting between...

Thailand Signs Up For More Lao Power

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...

Top Leaders Discuss How Businesses Can Succeed in ASEAN Developing Economies at Channel NewsAsia Forums

Vientiane, Laos, 8 September 2016 – Regional broadcaster, Channel NewsAsia, brought together business leaders and the government sector for two forums held during the...