Foreign enterprises that export goods to the Lao market will no longer need a domestic business licence as the Commerce Ministry has resolved this contentious issue. The Minister of Industry and Commerce, Mrs Khemmani Pholsena, signed a ministerial decision on June 6 authorising international firms to export their goods to the Lao market without obtaining […]
Read MoreNew business registrations edged up 1% year-on-year in May, led by construction, property and restaurants. According to Sorada Lerttharpachit, deputy director-general of the Business Development Department, the number of new business registrations totalled 5,942, rising from 5,865 recorded in May of last year. On a monthly basis, registrations fell 0.03% from 5,944 in April. The […]
Read MoreKUALA LUMPUR: The Malaysian e-wallet environment is ripe for consolidation, say top industry players. Representatives from key e-wallet providers namely Boost, TNG Digital and Maybank said in a forum yesterday that only a few service providers will be able to sustain operationally over the long run. Speaking at the “Riding the Cashless Wave” forum held […]
Read MoreThe Hanoitimes – The Mekong Delta region is facing bottlenecks in development, especially in transportation, while there have been greater risks in climate change that require immediate measures. The Vietnamese government is scheduled to allocate VND45 trillion (nearly US$2 billion) in the next five years to boost economic development in the Mekong Delta region, according to […]
Read MoreJust months after the Yangon government strictly enforced a ban on stores selling foreign liquor, the Ministry of Commerce announced it would come up with draft legislation this year to relax the decades-old ban on alcohol imports. Assistant secretary U Khin Maung Lwin told The Myanmar Times that the ministry is currently drafting a bill allowing the […]
Read MoreThe government has projected that the country’s budget deficit for the first six months of this year could increase to as much as 1.16 trillion kip, intensifying budgetary tension against the backdrop of continuing revenue shortfalls. If the money to pay the principal amount owed to domestic and foreign creditors is included, Laos will require […]
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