World

Laos Collects USD 12 Million in Digital Taxes From Global Tech Companies

Laos has collected approximately USD 12 million in digital taxes from global technology companies since introducing its digital tax system in late 2024, according to Deputy Prime Minister and Minister of Finance Santiphab Phomvihane. The tax applies to foreign digital service providers without a physical presence in Laos, including Microsoft,...

China Reservoir Collapse Comes as Laos Prepares for Rising Rivers and Flood Risks

Floods in southern China have killed two people and forced nearly 48,000 residents to...

Myanmar’s Leader Wraps First ASEAN Visit in Laos, Signs Mekong Dam Study

Myanmar's recently elected President, Min Aung Hlaing, who seized power in the 2021 military...

Vietnam, Philippines Reach Upper-Middle-Income Status as Laos Eyes 2035 Target

Vietnam and the Philippines have been reclassified as upper-middle-income economies by the World Bank,...

Laos, South Korea Sign USD 1.1 Million in Agriculture Deals

Laos and South Korea have sealed two new agriculture deals worth more than USD...

BOL Shares New Credit Policy to Stimulate Lao Economy

The Bank of Lao PDR convened a meeting at the Prime Minister's Office on Tuesday to discuss implementing a new credit policy aimed at...

Thailand’s Tourism Authority Keen on PM Candidate Pita Limjaroenrat as New Ambassador

The Tourism Authority of Thailand (TAT) is planning to approach Pita Limjaroenrat, the leader of the Move Forward party who won the May 2023...

Explainer: Amended Lao Law on Foreign Currency Management

Over the past two years, Laos has experienced a sharp depreciation of its local currency, the LAK, against foreign currencies. The government has taken...

Lao-Korean Pokémon Player to Compete at Pokémon World Championships in Japan

A Lao-Korean Pokémon player will compete in the upcoming Pokémon World Championships in Japan from 11 to 13 August this year.  21-year-old Jong Dae Jong,...

Lao Govt Keen on Promoting Digital Transformation Via Blockchain Technology

The government of Laos has expressed its support for developing the country's digital technology to advance its economy and society. Prime Minister Sonexay Siphandone spoke...

Volatile Baht Predicted in 2023 Amidst Political and Financial Uncertainties

A new financial outlook released on Tuesday said that the Baht has become increasingly volatile, which has also affected foreign investment in Thailand. A...