A senior Lao government official has urged better management of the recruitment process of Lao workers and information about the jobs available for the construction of the Laos-China railway to ensure workers’ rights. Lao Minister of Labour and Social Welfare Dr. Khampheng Saysompheng said last week provincial departments, district authorities, and labor recruitment agencies should […]
Read MoreElectricity generation will not be sufficient to supply all areas in Laos during times of peak consumption from March to June, according to authorities, who are urging the public to cut energy usage during this period. The Ministry of Energy and Mines has announced that less power can be generated while reservoirs are only half […]
Read MoreLaos’s northern province of Luang Namtha is poised to become a regional transport hub with investment in a dry port, leveraging its strategic location. The province is expected to serve as a prime site for an international trade center for the country after the construction of a 414-km railway from China into Laos at the […]
Read MoreLaos will implement new income tax rates for businesses and employees on February 17, in a move to improve tax compliance as well as boost productivity. The new Income Tax Law (Tax Law No. 67/NA), which will replace Tax Law No. 70/NA issued in 2015, will lower the profit tax rate for small, medium, and […]
Read MoreLaos’ new Income Tax Law will come into effect on February 17, 2020, and sets out the latest tax rates for businesses and employees. The new law provides better progressive rates for personal income tax and has lowered profit tax rates. The law also provides clear penalties for companies that are not compliant. On February […]
Read MoreLaos recorded a trade deficit of USD 137 million in 2019, although the country exported more than its yearly plan. The value of exports last year stood at USD 5.603 billion, exceeding the goal of USD 5.516 billion. However, imports were recorded at only USD 5.74 billion, falling behind the goal of USD 5.775 billion, Xinhua […]
Read More
Thailand
