Almost a decade ago, the Lao Stock Exchange launched with only a few public companies. Now, it boasts 11 registered companies, all of which have been able to issue stock and raise over 6.7 trillion kip (approximately USD $750m). There are currently over 15,000 individual brokerage accounts that have invested in corporate stock in Laos’ […]
Read MoreSINGAPORE and Laos have inked an agreement to collaborate in the area of intellectual property (IP), allowing companies in both countries swifter access to a combined market of some 12.5 million people. A memorandum of cooperation was signed on Wednesday between Dr Khanlasy Keobounphanh, director general of the Department of IP (DIP) at the Ministry of Science […]
Read MoreLaos has teamed up with the World Bank, revealing new laws on taxation that would boost the productivity of businesses and ensure accurate and full tax collection. These laws determine the principles, regulations, procedures, and measures related to the management and inspection of taxation activities. Under the new laws, the profit tax, in particular, has […]
Read MoreChinese firms have signed contracts worth 1.3 billion yuan (around 184 million dollars) for the purchase of goods from Laos, mainly agricultural products. The agreements were signed as the 2019 Sino-Laos Investment Fair concluded Friday in Kunming, the capital of the southwestern province of Yunnan, China. On the same day, a seminar was held at the Kunming International Convention and Exhibition Center to introduce the advantages of the investment environment in Laos. Investment […]
Read Morefoodpanda, the on-demand international food delivery service, has officially launched in Laos with over 300 restaurants on board. Heading to the capital first to open a world of exciting flavors to the residents of Vientiane, foodpanda’s fleet of pink riders will bring meals from over 300 restaurants straight to the homes of customers. foodpanda provides a user-friendly […]
Read MoreThe Governor of the Central Bank, Sonexay Sitpraxay has stated that weak domestic production is among the causes of the rapid depreciation of the KIP since June this year, according to a report in the Party newspaper Paxason. The need to import many consumer goods has increased the demand for foreign currency, while the bank […]
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