Laos Launches Study On Electric 2-Wheelers

The Study examines the financial viability and environmental sustainability of implementing a battery swapping system model for electric two-wheelers in Vientiane, to help achieve the government’s 2030 target of 30 percent electric vehicle penetration

Read more

Lao Economy Projected To Grow At Only 2.2 Percent This Year: IMF

The IMF’s downgraded growth for Laos is linked to both external and internal factors, with the report forecasting that global growth will decrease from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023.

Read more

Some 700 Malaysians Trapped In Laos After Answering Casino Job Ads

Some 700 Malaysians are reportedly being held captive in Bokeo province, Laos and have been abused by the resort managers who are allegedly demanding a large ransom for their release

Read more

Just Scan To Pay: S’pore And 4 SEA Countries To Link QR Code Payments By Nov, Bypassing USD

The central banks of five Southeast Asian (SEA) countries have agreed to link their payment systems by November of this year, in order to allow for easier transactions for travellers within the region.

Read more

Why A Monopoly Like The Lao Electricity Company Is Making Losses

Electricite du Laos (EDL), a monopoly company which should generate a significant amount of revenue from its dominance in the energy market, has been operating at a loss for many years and has accumulated huge debts.

Read more

State Enterprise Reform: Some Now Profitable, Others Dissolved

Two banks previously owned by the state and which suffered chronic losses have begun making a profit following major reforms that saw a 70 percent stake in the banks sold to local investors

Read more

Laos To Benefit As Pfizer Slashes Drug Prices For Poorest Nations

Pfizer Inc plans to sell its entire portfolio of brand-name drugs at cost in as many as 45 lower-income countries, including Cambodia and Laos, one of the most comprehensive and ambitious drug-access programmes ever announced by a large pharmaceutical manufacturer.

Read more

Covid-19 Cases In Laos Surpass 200,000 But Infections Are On A Downward Trend Despite Festive Season

The National Taskforce for Covid-19 Prevention and Control reported in an announcement yesterday that the Covid-19 situation had not been dramatically affected by new year celebrations.

Read more

Laos Issues Tax Obligations for Non-Resident E-commerce and Digital Platform Providers, Joins Other ASEAN Markets

Under the new rules, non-resident e-commerce and digital platform providers must register for a tax identification number (TIN) via an online portal to file and pay their taxes. Further, they must register and pay value-added tax (VAT) if their annual revenue meets a certain threshold.

Read more

Labour Ministry To Set Up Worker Database

A Labour Registration and Data Platform will be set up in Vientiane for the compilation of information concerning both Lao and foreign nationals working in Laos.

Read more

Foreign Currency Deficit Among Economic Challenges Confronting Laos

Laos’ overall balance of payments situation is negative despite a trade surplus of US$1.32 billion in 2021 because foreign exchange inflows represent only 26.45 percent of the total export value.

Read more

Work On Vientiane-Vung Ang Railway Expected To Start In November

The railway, estimated to cost US$5 billion, is a proposed line that the Lao and Vietnamese governments have agreed to jointly develop. It would enable landlocked Laos to access the deep seaport – the closest feasible seaport to Vientiane.

Read more

Measures To Free Stranded Trucks, Rail Transport To China Outlined  

Lao authorities will ask their Chinese counterparts to consider reopening more border crossings to allow trucks carrying goods to enter China as hundreds remain stranded at the Boten-Mohan crossing on the Laos-China border.

Read more

Laos Records First Locally-Transmitted Case Of Omicron

The National Taskforce for Covid-19 Prevention and Control has warned the public to be vigilant following the identification of the first locally-transmitted case of the Omicron variant of Covid-19 in Borikhamxay province.

Read more

Schools Prepare To Resume Face-To-Face Classes

Education authorities are assessing the readiness of schools in Vientiane to restart face-to-face classes in Grade 5 of primary schools and Grades 4 and 7 of secondary schools following months of closure due to the Covid outbreak.

Read more

BOL Issues Licences For Cryptocurrency Exchange Platforms

The Bank of the Lao PDR (BOL) has issued licences authorising two companies to trade in cryptocurrencies, namely Lao Digital Assets Exchange (LDX) and Bitqik.

Read more

S. Korea’s EDCF Funds The Construction Of UHS Hospital In Laos With Consultancy Support From SNUH

The new hospital will enhance Laos’ health and medical environment as well as provide professional training and health research.

Read more

Airport Staff Prepare For Arrival Of First Tourists

The government is preparing Covid control measures to be put into practice when the country reopens to tourists on January 1, as well as readying designated travel zones for visitors.

Read more

Green Travel Zones Of Laos Ready To Welcome Visitors

Several tourist sites located within green travel zones in provinces across Laos are ready to welcome visitors from next month under “new normal” conditions amid the Covid-19 pandemic.

Read more