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Laos: Ministry vows to remove tourism barriers

With various barriers hindering the development of the tourism industry, authorities in charge will work closely with the relevant sectors to remove these obstacles, a minister told parliament yesterday. Responding to questions raised by National Assembly (NA) members at the ongoing 5th ordinary session of parliament, Minister of Information, Culture and Tourism Prof. Dr Bosengkham […]

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Philippines: Foreign investment pledges fall 38%

MANILA, Philippines — Foreign investment pledges approved by the country’s investment promotion agencies fell 37.9 percent in the first quarter of the year, the Philippine Statistics Authority (PSA) reported yesterday. The PSA said investment commitments in the first quarter dropped to P14.2 billion from P22.9 billion in the same period last year. These cover investment […]

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Laos: Govt takes steps to repay debts to local firms

Despite budgetary tensions, the government is working to pay a total of 3.25 trillion kip owed to private companies under the triangle-debt-diversion disbursement initiative. Addressing the National Assembly yesterday, Deputy Prime Minister and Minister of Finance, Mr Somdy Duangdy, clarified the government’s position regarding the implementation of this initiative. Mr Somdy said several companies had […]

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