Laos’ year-on-year inflation rate increased to 8.5 percent in March, the highest recorded in some years. According to information provided by the Bank of Laos, inflation has now reached a five-year high after reaching 10% in January 2016. The main drivers of inflation for Laos, which has one of the highest rates of inflation in […]
Read MoreChina has committed to many regional development projects under the Belt and Road Initiative and the LMC with the Mekong-Lancang countries. Thong Mengdavid, a research associate of the Mekong Center for Strategic Studies at the Asian Vision Institute, a think tank in Phnom Penh, told China Daily that China has committed to many regional development projects under […]
Read MoreAn extension of the Laos-Thailand Railway between Thanaleng Station and inner Vientiane is expected to be complete by June this year. An update on the 7.5 km track was delivered at a recent public works and transport sector annual meeting, Vientiane Times reports. While the current Laos-Thailand Railway remains a short 3.5-kilometer track linking Nong Khai Province […]
Read MoreThe Ministry of Finance in Laos has issued a notice requiring foreign e-commerce and tech platforms to register for Value Added Tax (VAT) in the country. The move comes as a number of countries in Southeast Asia enjoy the benefits of taxing tech giants that make earnings in their territory. Laos has quietly begun taxing non-resident e-commerce companies […]
Read MoreLaos’ economy is projected to grow 3.4 percent this year and 3.7 percent in 2023, due to the country’s investments to boost exports, according to the Asian Development Outlook (ADO) 2022 released by the Asian Development Bank (ADB) on Wednesday. “Growth in 2022 and 2023 will be underpinned by recovering investment and rising output in […]
Read MoreLaos’ regulatory environment for business development has improved, but more must be done to speed up the country’s economic recovery. A new joint report by the Asian Development Bank (ADB) and the Lao National Chamber of Commerce and Industry (LNCCI), the second edition of the Provincial Facilitation for Investment and Trade (ProFIT) Index, recommends that the government take steps […]
Read More
Thailand
