Xieng Khuang provincial authorities have announced plans to approve all investment project proposals within two weeks without any delays. Provincial governor Bounton Chanthaphone told Vientiane Times recently that the province’s investment committee will no longer delay any investment projects that annoy private enterprises and make them retreat from the province. “If companies really want to […]
Read MoreA lower economic growth rate has sparked concerns that Laos may not meet the average targeted rate of 7.2 per cent as part of the country’s five-year economic development plan for 2016-2020. Economic growth in Laos has reached only 6.7 per cent over the past four years, which is lower than the target approved by […]
Read MoreGENEVA: The Philippines has banned imports of pigs and pig products from Laos due to an African swine fever outbreak, it said in filings published by the World Trade Organization on Tuesday. The Philippines’ move follows similar steps by China and Thailand, following an outbreak in Laos’ southern province of Saravane. The Philippines also said […]
Read MoreThe Lao Ministry of Energy and Mines is trying to cut electricity prices so that power is affordable for local residents and businesses. Many consumers in Laos have been complaining about their escalating electricity bills. The tariff is high when compared to neighboring countries, Lao Minister for Energy and Mines Khammany Inthirath, acknowledged at the […]
Read MoreThe China-Laos railway will create thousands of local jobs when the project becomes operational in 2021, a Lao government official said. Accordingly, the Lao government is planning to build a Lao railway vocational technical college with assistance from China to train and supply professional railway personnel. Lao Deputy Minister of Education and Sports Kongsy Sengmany […]
Read MoreTaxpayers are being encouraged to pay their dues electronically via commercial banks as part of its efforts to plug financial loopholes, the Ministry of Finance has announced. Deputy Prime Minister and Minister of Finance, Somdy Duangdy, told Lao media recently that the government has introduced several electronic channels to make it easier for people to […]
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