27.3 C
Vientiane
Saturday, June 28, 2025
spot_img

Economy

Laos Proposes Tax Relief for Small Businesses Under Revised Income Tax Law

On 24 June, Laos proposed amending the Income Tax Law to exempt unprofitable small businesses from taxes, aiming to ease their burden and improve tax efficiency, Finance Minister Santiphab Phomvihane said. Under the new system, micro-enterprises would be allowed to deduct operational expenses before calculating their tax obligations, shifting away...

Water Shortages Persist in Laos Amid Rising Demand and Weather Challenges

The Water Supply Enterprise of Champasack issued a statement on 23 June addressing the...

Laos, South Korea Launch Medical University Project in Vientiane

Laos is establishing the first infrastructure for the University of Health Sciences (UHS) in...

Laos Clarifies LAK 3,000 Telecom Fee After Viral Video Sparks Public Doubt

A government official has clarified the purpose of the LAK 3,000 (USD 0.14) monthly...

Oil Prices Spike After United States Strikes on Iran Nuclear Sites

AFP - Oil prices surged in early trade Monday on concerns of disruption to...

Laos Trade Surplus Hits USD 160 Million on Back of Rising Exports

Laos recorded a strong trade surplus of approximately USD 160 million in March, despite a significant rise in imports, according to newly released figures...

Lao Ministry Reports Major Reading Gains Among Students in Champasack, Attapeu Provinces

Over 29,000 young students in the southern Champasack and Attapeu provinces have significantly improved their reading abilities, said the Ministry of Education and Sports...

Inflation Eases to 8.3% in May, But Key Prices Remain High

The inflation rate in May stood at 8.3 percent, showing a significant drop from 11.1 percent in April, according to a report from the...

Southeast Asian Nations Express ‘Deep Concern’ Over US Tariffs

By Rebecca BAILEY and Isabelle LEONG/AFP - Southeast Asian leaders expressed "deep concern" over US tariffs Tuesday, as they held a summit with China...

Vientiane, Kunming Hospitals Partner to Boost Cardiac Care in Laos

On 26 May, Mahosot Hospital in Vientiane Capital renewed its partnership with Fuwai Cardiovascular Hospital of Kunming, China, to enhance cardiac care in Laos. The...

Laos Economy Shows Signs of Recovery Amid Fiscal Pressures

Laos’ economy is showing signs of recovery amidst a debt repayment peak, persistent inflation, and structural challenges, the World Bank warns in its latest...