The central banks of Thailand and Laos on Monday signed a memorandum of understanding on banking supervision. Veerathai Santiprabhob, governor of the Bank of Thailand, and Sonexay Sitphaxay, governor of the Bank of the Lao PDR, put their names to the document. The MoU serves as a solid foundation for effective cooperation in the supervision […]
Read MoreTHE CLMVT (Cambodia, Laos, Myanmar, Vietnam and Thailand) subregion is set for significant growth in internal cooperation and investment in the next decade, said Prime Minister Prayut Chan-o-cha along with trade officials from the five countries. To achieve that, the region’s private and public sectors must work together to enhance economic connectivity between the different […]
Read MoreProducts or services the government doesn’t promote, including alcoholic beverages, will be subject to higher taxes if a new law on excise duties comes into force in January 2020. In contrast, lower levies will be imposed on items such as fuel and motorcycles that the government believes are necessary for improving people’s lives. Deputy Prime […]
Read MoreForeign 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 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 […]
Read MoreThe National Assembly (NA) on Friday approved a new law relating to anti-dumping and countervailing duties in order to protect domestic products from unfair imports. As Laos integrates into the region, it needs to enact laws to protect it from unfair trade competition. Minister of Industry and Commerce, Ms Khemmani Pholsena told the NA’s ongoing […]
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