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Advertising signs need Permits: Vientiane Authorities

Vientiane’s Department of Public Works and Transport is calling on the owners of advertising signs, ATM booths and telephone lines in the capital to ask for permission before their erection.

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Taxes, Fees temporarily cut in Governments Flood Recovery Plan

The government has agreed to cut various taxes and fees in flood-stricken areas in order to promote greater production during the coming dry-season to compensate damage by this year’s devastating floods.
Date: 19 September 2018; Type: Legal News; Source: Vientiane Times

Central Bank Governor gets New Legal Backing

The Governor of the Bank of the Lao PDR has gained legal backing to chair the central bank’s top policy and decision-making body. President Bounnhang Vorachit on August 3 promulgated the newly-amended Law on the Bank of the Lao PDR, giving legal back-up to the central bank’s governor to chair its top body. In the past, the cha ...
Date: 16 September 2018; Type: Legal News; Source: Vientiane Times

Government approves Compensation Policy for Dam Burst Victims

People affected by widespread flooding in Sanamxay district, Attapeu province, look set to receive full compensation as the government has determined that the flood was not a natural disaster.
Date: 01 August 2018; Type: Legal News; Source: Vientiane Times

Government discusses Lao Red Cross Law Contents

Government officials met in the capital yesterday to learn about the Law on Lao Red Cross with the aim to give participants more understanding about the regulation.
Date: 24 July 2018; Type: Legal News; Source: Vientiane Times

Finance Officials under Scrutiny as 35 face Disciplinary Measures

At least 35 finance officials have been disciplined for abuses of power, according to an official report. The report was presented at a three-day 6th Plenary Meeting of the Ministry of Finance’s Party Committee scheduled to end today, according to Social Economic Newspaper.
Date: 17 July 2018; Type: Legal News; Source: Vientiane Times

New Decree offers Tax Breaks for Investors in Lao SEZs

Domestic and foreign investors will be granted a number of tax breaks under a new amended decree related to specific and special economic zones (SEZs) issued recently by the government.
Date: 16 July 2018; Type: Legal News; Source: Vientiane Times

Propose Law to promote Public Private Partnerships, NA instructs

The National Assembly (NA) has told the government to formulate legislation to manage and attract more investment in the form of public-private partnerships (PPP), and Build-Operate-Transfer (BOT) projects to drive development.
Date: 11 July 2018; Type: Legal News; Source: Vientiane Times

Land Use Master plan gets NA Approval

The National Assembly has approved a master plan for land allocation across Laos, defining different types of land plots to be allotted from now until 2030.
Date: 08 July 2018; Type: Legal News; Source: Vientiane Times

NA debate Amendment to Law on Social Security

Amendment of the Law on Social Security has resulted in numerous changes to the policy which the government hopes will strengthen development of the nation’s social security system.
Date: 27 June 2018; Type: Legal News; Source: Vientiane Times

SME Promotion Policy Improvements win Cabinet Support

The government cabinet has announced improved policies to enable Small and Medium Enterprises (SMEs) to access more finance to grow their businesses and boost production.
Date: 27 June 2018; Type: Legal News; Source: Vientiane Times

Vaccination Law Safeguards, Accountability sought by Legislators

Potential side effects from vaccinations and responsibility for same was a topic of attention by National Assembly members at a debate on the newly drafted Law on Vaccination yesterday.
Date: 25 June 2018; Type: Legal News; Source: Vientiane Times

Marriage Law Amendments ease processes for Foreigners, Citizens

Amendments to the Law on Family Registration passed by the National Assembly (NA) recently will ease and regulate marriage between Lao and foreign nationals as well as family registration affairs in general.
Date: 24 June 2018; Type: Legal News; Source: Vientiane Times

Amended Law offers No Exception to VAT Charge

All enterprises that have been registered and have obtained a tax ID will have to comply with the Value Added Tax Law. Deputy Prime Minister and Minister of Finance, Mr Somdy Duangdy, yesterday presented a draft of the amended Law on Value Added Tax to the National Assembly to consider and approve.
Date: 20 June 2018; Type: Legal News; Source: Vientiane Times

NA debates Draft Law on Central Bank

The duties and structure of the Bank of the Lao PDR’s executive board were at the centre of debate at the National Assembly (NA) yesterday, with the aim of strengthening the bank’s management and preventing illegal financial activities.
Date: 19 June 2018; Type: Legal News; Source: Vientiane Times

Central Bank Governor gets New Legal Backing

The Governor of the Bank of the Lao PDR has gained legal backing to chair the central bank’s top policy and decision-making body. President Bounnhang Vorachit on August 3 promulgated the newly-amended Law on t ...

NA debates Draft Law on Central Bank Beware of Illegal Transactions by Fake Banks, Public warned New Service Fee Regulation to boost SME, Selected Sectors more

Propose Law to promote Public Private Partnerships, NA instructs

The National Assembly (NA) has told the government to formulate legislation to manage and attract more investment in the form of public-private partnerships (PPP), and Build-Operate-Transfer (BOT) projects to drive devel ...

Minister names New Measures to improve ease of doing Business Advertising signs need Permits: Vientiane Authorities Government seeks better Regulation of Associations more

Finance Officials under Scrutiny as 35 face Disciplinary Measures

At least 35 finance officials have been disciplined for abuses of power, according to an official report. The report was presented at a three-day 6th Plenary Meeting of the Ministry of Finance’s Party Committe ...

12 Firms’ Executives sentenced for embezzling State Money Commission readies Report for Convention on the Rights of the Child Xaysana to face Thai Court, No Extradition sought: Govt Spokesman more

Businesses urged to comply with May 1 Minimum Wage Increase

All businesses and factories in Laos are required to increase the minimum wage from the present 900,000 kip to 1.1 million kip a month as of May 1 in a bid to improve workers’ standard of living.

Government approves Minimum Wage Increase Government vows to bolster Workers’ Rights Minimum Wage Hike still Problematic more

Ministry to bolster Trademark Protection

All commodities produced in Laos will have a trademark under the Madrid Protocol, to create econom mic opportunities and help raise the standard of trade in the country. The Madrid system (officially the Madrid system fo ...

Seek Permission before flying your Drone, Ministry warns NA Members press Government to review Intellectual Property Policy New Law to promote, control Technology Transfer more

New Decree offers Tax Breaks for Investors in Lao SEZs

Domestic and foreign investors will be granted a number of tax breaks under a new amended decree related to specific and special economic zones (SEZs) issued recently by the government.

Amended Law offers No Exception to VAT Charge Pay Taxes or face Closure, Thousands of Businesses warned Issue of Illegally Imported Cars remains unresolved more

INDUSTRY UPDATES

Indonesia hands over Chairmanship of ASEAN Committee to Thailand

Jakarta, Sept 25 (ANTARA News) - Indonesian Ambassador to Kuwait, Tatang Budie Utama Razak, handed over the chairmanship of ASEAN Committee in Kuwait (ACK) for the period of January-June 2018 to ACK Chairman of the next period, Ambassador of Thailand to Kuwait, Dusit Manapan, on Sept 19.

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INDUSTRY UPDATES

NLA receives Support from Labor Groups for Enactment of New Labor Protection Law

BANGKOK, Sept 26 (NNT) - Representatives of various labor groups have expressed support for the National Legislative Assembly’s enactment of a new version of the Labor Protection Act.

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INDUSTRY UPDATES

House holds Marathon Budget Deliberations to meet October Deadline

MANILA, Sept 25 (PNA) - The House of Representatives is holding marathon deliberations - even extending the plenary session until the wee hours - on the proposed PHP3.757-trillion 2019 national budget to meet its approval deadline by October 12, Speaker Gloria Macapagal-Arroyo said on Tuesday.

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INDUSTRY UPDATES

DOJ awaits BI Comments, Records on Fox Deportation Case

MANILA, Sept 25 (PNA) - Justice Secretary Menardo Guevarra has asked the Bureau of Immigration (BI) to file a formal comment on the petition for review of the government's deportation order against Australian missionary nun Patricia Fox.

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INDUSTRY UPDATES

IPOPHL to roll out Green Lane for Trademark Applications

MANILA, Sept 25 (PNA) - The Intellectual Property Office of the Philippines (IPOPHL) is set to roll out a ‘green lane’ for trademark applications that will slash the average processing time for registration, which currently takes about eight months to be approved.

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INDUSTRY UPDATES

BSP warns Public against Frauds, Scams

LEGAZPI CITY, Sept 25 (PNA) - The Bangko Sentral ng Pilipinas (BSP) on Tuesday warned the public against frauds and scams, in the wake of the fast approaching holiday season.

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INDUSTRY UPDATES

Corporate Income Tax cuts won't lead to Job Losses

MANILA, Sept 25 (PNA) - Finance Undersecretary Karl Chua said the removal of certain incentives under the proposed tax reform measure will not result in job losses.

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INDUSTRY UPDATES

Yangon Court allows Trial to resume in Celebrity Slaying

Yangon Region High Court decided on Monday to let the trial go ahead in the murder of Facebook celebrity Aung Ye Htwe and cancel the order by the district court to withdraw the case.

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INDUSTRY UPDATES

Fundamental Freedoms must be aligned with International Standards - Dewan Rakyat Speaker

KUALA LUMPUR, Sept 25 (Bernama) - Parliamentarians have to ensure that the Federal Constitution and laws relating to freedom of expression, access to information and press freedom are in line with international human right standards, said Dewan Rakyat Speaker Datuk Mohamad Ariff Md Yusof.

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INDUSTRY UPDATES

SME Mart to assist Entrepreneurs Market Products Overseas

SHAH ALAM, Sept 24 (Bernama) - SME Mart, an initiative introduced by Dewan Ekonomi Usahawan Malaysia (DEUM) will serve as a platform for Small and Medium Enterprise (SME) entrepreneurs to sell their products on both the local and international market.

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INDUSTRY UPDATES

SGX proposes New “trade at close” Session for Securities Market

Singapore Exchange (SGX) is seeking public feedback on the proposed introduction of a new trading session for the securities market, the “trade at close” (TAC), which will take place after the closing auction routine ends.

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INDUSTRY UPDATES

PHL Officials to brief UK Investors on Opportunities in Infra, Other Sectors

A Duterte Cabinet delegation led by Finance Secretary Carlos Dominguez III will embark on a three-day mission to London this week to brief British investors on the vast business opportunities in the country’s infrastructure, energy and tourism sectors and explore ways to expand economic cooperation between the Philippines and the United Kingdom.

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INDUSTRY UPDATES

DOF thanks House for Final OK of Corporate Tax Reform Bill

The Department of Finance (DOF) has thanked the House of Representatives for approving on third and final reading the bill seeking to lower the corporate income tax (CIT) and correct the convoluted incentives system for businesses, as it expressed optimism that the Senate would pass a similar measure soon enough to enable the people to reap the benefits of a fair, transparent and accountable tax system in the form of more investments and jobs.

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INDUSTRY UPDATES

PH Ambassador to Bahrain participates in a Roundtable on International Labor Standards

MANAMA, Sept 24 - Philippine Ambassador to Bahrain Alfonso A. Ver participated in a roundtable discussion on various International Labor Organization’s (ILO) conventions on foreign workers with the ILO Direct Contact Mission to Bahrain on 18 September 2018.

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INDUSTRY UPDATES

HK Business Seminar puts Spotlight on Investment Opportunities in PH

HONG KONG, Sept 24  - Top-level government officials reassured potential investors in Hong Kong that the Philippines under President Rodrigo Duterte is working “non-stop” to ensure that the necessary policies, fiscal measures and legal framework relating to ease of doing business and investments are in place.

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INDUSTRY UPDATES

MAS outlines Enforcement Approach to deter, detect and investigate Breaches of Rules and Regulations

Singapore, Sept 24 - The Monetary Authority of Singapore (MAS) has published an Enforcement monograph to provide greater clarity and transparency into how MAS deters, detects, investigates and takes action against breaches of the rules and regulations it administers. The monograph outlines how MAS’ Enforcement Department works together with the other financial sector oversight functions in MAS to uphold Singapore’s reputation as a clean and trusted financial centre.

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INDUSTRY UPDATES

International Maritime Community re-affirms Co-operation in the Straits of Malacca and Singapore

More than 180 participants from around 80 maritime administrations and organisations, as well as embassies in Singapore, attended the 11th Co-operation Forum this morning, where they reaffirmed their commitment to strengthen cooperation in the Straits of Malacca and Singapore (SOMS).

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INDUSTRY UPDATES

Chartered Accountant and Lawyer among those who joined Scheme as Proxy Decision-Makers

Lawyer Haryadi Hadi, 35, decided to be a professional deputy as he has wealthy clients who are single, childless or have strained ties with their loved ones and they cannot find anyone to be their proxy decision-makers should they become mentally incapacitated.

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