Authorities have set new electricity rates for households, organizations, and businesses this month throughout the country. According to a notice issued by the Ministry of Energy and Mines (MOEM), Lao Authorities have decided to increase electricity prices for households and small businesses by 2 percent, effective this month. Notice on Electricity Rate Increase, March 2021 The total […]
Read MoreWhen completed, the first phase of the Sithandone Special Economic Zone (SEZ) is expected to be valued at some USD 600 million. According to a report by Socio-Economic News, the first phase of the construction of the Sithandone Special Economic Zone project began in 2018 and is scheduled to be completed in 2025. Vice President of Sithandone […]
Read MoreLaos, as a least developed country, is still largely dominated by microbusinesses, which account for 94.2 per cent of all enterprises in the country, the results of the latest survey revealed on February 16 show. A total of 133,997 enterprises recorded their operations in 2019, an increase of 9,124 compared to 2013, according to the […]
Read MoreAlthough inflation is trending downwards, many people feel their personal situation has not improved at all due to the mismatch between their income and spending. Many Vientiane residents say their income has not increased but prices are continuing to rise, ramping up pressure on their families and making it difficult for them to improve their […]
Read MoreAuthorities have announced that Lao citizens and foreigners with income in Laos must register for a taxpayer identification number. According to a notice issued by the Ministry of Finance on Wednesday, all persons liable to personal income, including Lao citizens and foreigners throughout the country, must register a taxpayer identification number. The compulsory registration of […]
Read MoreConstruction of two coal-fired power plants will begin at the end of 2021 in Xekong province in the southeast of Laos, according to a senior Lao government official. The plants will become operational and begin transmitting electricity to Cambodia in 2025 based on an agreement signed between the developers and the Lao government. Lao Deputy […]
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