Vientiane authorities uncovered nine duplicate-funded development projects in 2017, resulting in the government losing 4.9 billion kip, according to the capital’s recently published annual report. The problem involves Vientiane or provincial departments initially requesting funding for development projects from the government, which takes a long time to approve. In the meantime, some departments obtain funding […]
Read More(KPL) Laos-China Railway Project and relevant authorities have reached agreement on the compensation of families affected by the multibillion-dollar project and asked the families to open account with Banque Pour Le Commerce Exterieur Lao to receive the compensations. The agreement was reached at a meeting held on 22 Feb in Luang Prabang in the presence of […]
Read MoreMember countries of the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) are working to develop a master development plan for 2019-23 to strengthen sustainable economic growth and enact better economic management. Deputy Prime Minister Somkid Jatusripitak said the ad hoc committee working on ACMECS’s master plan is scheduled to finalise it in April before submitting it […]
Read MoreLao enterprises have highlighted the perceived unprofessional practices of firms in the informal sector and high tax rates as the top constraints in investing in the country, according to a report from the World Bank. The bank released its 2018 Lao enterprise survey recently, noting that about 40 percent of the surveyed enterprises named the […]
Read MoreVIENTIANE — It is Saturday afternoon in tourist high season, and Vientiane is very quiet. Most shops are closed for the weekend. A couple of Asian tour groups ascend the Patuxai, the Laotian capital’s answer to the Arc de Triomphe. On every floor, stalls are packed with five-year-old photocopies of the Lonely Planet guide to […]
Read MoreEfforts by trade unions to increase the minimum wage, only to be resisted by business interests, are a familiar refrain across the world. Indeed, even the socialist state of Lao People’s Democratic Republic is not immune. Current negotiations to raise the minimum wage in Laos, consistently one of the poorest countries in Southeast Asia, have […]
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