Thursday, 21 September 2017
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Industry Updates - Laos

Govt opens Centres to register Lao Workers in Thailand

Laos and Thailand have agreed to cooperate more closely to assist Lao workers in Thailand who hold a passport but whose temporary work permit has expired.

Revenue Rise foreshadowed after Survey reveals Tax Dodging

Taxation revenue to the government is set to increase by 10 percent as a result of a na tionwide survey to identify and update such sources, the Deputy Minister of Finance has said.

City Authorities register Foreign Workers

Vientiane labour authorities have opened centres to register the foreign workforce in the capital, aiming to issue temporary work permits for those who are currently working illegally.

Central Bank rolls out Policy to boost Productivity

The Bank of the Lao PDR (BOL) is embarking on a policy of relaxation in a bid to ensure that more money is injected into the economy.

Asean plays Greater Role in Global Affairs

The celebration of 50 years of Asean demonstrates the continued relevance of Asean as an inter-governmental regional organisation whose centrality is recognised in the evolving regional architecture.

Government introduces Customs, Tax, Fee e-payments

The Lao government is upgrading payment methods for customs, tax, and other fees at the international customs checkpoint nationwide.

Laos to establish Administrative Courts

Laos is preparing to establish administrative courts to better address administrative disputes between executive agencies and the general public.

Government working to repay Debts owed to Companies

Government debt amounting to 400 billion kip owed to companies for carrying out State investment projects will be paid out within the second quarter of this year.

Laos, WB sign up to Green Growth Transition

Ministry of Finance and the World Bank yesterday signed an agreement for more than 316 billion kip (US$38.6) million in credit to support key policy reforms to maintain the country’s strong economic growth.

Laos, Myanmar discuss Capacity Building for Women

Laos and Myanmar exchanged their views on the promotion of women’s access to justice and shared their experiences on gender equality improvement in their respective countries yesterday in Vientiane.

Luxembourg supports Lao Legal Sector Development

A new project with financial support from Luxembourg worth 5 million euros has been launched in Laos aiming to strengthen higher education in the legal sector.

Laos-World Bank launch next 5-year Partnership Framework

The World Bank Office in Vientiane yesterday presented the bank’s Partnership Framework for Laos 2017-2021 to stakeholders, together with the findings of the Systematic Country Diagnostic and the launch of the annual publication entitled Lao Economic Monitor.

Laos has yet to fully Benefit from Trade Privileges

Although Laos is enjoying Generalised System of Preferences (GSP) exemption from over 50 nations around the world, the country is still unable to fully benefit from the special treatment.

Lao, Cambodian PMs vow Mutual Support, Enhanced Security Cooperation

Visiting Prime Minister ThonglounSisoulith and his Cambodian counterpart Samdech Hun Sen on Wednesday agreed that Laos and Cambodia would continue to extend mutual support and assistance to drive the two nations’ development.

Asean Leaders push to realise Community’s Vision

The 30th Asean Summit kicked off on Saturday in Manila, the Philippines, with leaders of the 10-member regional bloc pushing forward the realisation of the Asean Community’s Vision 2025.

Laos ratifies Asean Anti-Human Trafficking Convention

Laos has ratified the Asean anti-human trafficking convention in a move to join forces with other member countries of the regional bloc to fight the illicit trade.

ADB commits Assistance to Laos’ Development Goals

Infrastructure development for transportation connectivity, telecommunications, along with the power, education and health sectors will all be the focus of Asian Development Bank (ADB) in its continuous assistance to Laos in upcoming years.

Lao Government aims to promote SEZ Management

VIENTIANE, April 7 (PNA/Xinhua) - The Lao government is composing new decrees to ensure the sustainable development of Special Economic Zones (SEZs) in ways that yield strong benefits.

PM pushes for further Success on back of Asean Summits

Prime Minister Thongloun Sisoulith has called on the government and businesses to convert the success of the Asean Summits hosted by Laos last year into productive outcomes, to maximise the benefits brought to the nation.

Ease Irksome Barriers to enhance Business Environment, PM advises

The Prime Minister has urged line ministries to remove any unnecessary barriers to help boost the country's business environment and promote domestic and foreign investment.

Industry Updates

Work in all Courts Nationwide suspended Thursday: SC

MANILA - The Supreme Court (SC) announced the suspension of work in all courts nationwide on Thursday, September 21, in connection with President Rodrigo Duterte's declaration of the said date as National Day of Protest.

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Budget 2018: 13,837 Ideas, Proposals from the Public received

KUALA LUMPUR, Sept 20 (Bernama) - Datuk Seri Najib Tun Razak said today that 13,837 ideas and proposals were received through the Budget 2018 'crowdsourcing' campaign carried out for 15 days from Sept 4 to 18.

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Malaysia-Thailand to ink MoU on Security Cooperation

BANGKOK, Sept 20 (Bernama) - There will be closer security cooperation between Malaysia and Thailand with the establishment of a Joint Committee on Security Cooperation, according to a cabinet resolution document released by the Thai government.

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MAS sets up International Advisory Panel for Cyber Security

Singapore, 20 September 2017 - The Monetary Authority of Singapore (MAS) announced today that it has established a Cyber Security Advisory Panel (CSAP), comprising cyber security thought leaders from around the world.

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SC asked to order Refund of Excess SMS Fee to Subscribers

MANILA - The Bayan Muna partylist filed a petition before the Supreme Court (SC) seeking to compel the country's major telecommunication companies to give a refund to their subscribers for overpriced text message rates amounting to more than PHP17.7 billion.

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Policymakers urged to study Proposed Shift to Federal System

MANILA - State think-tank Philippine Institute for Development Studies (PIDS) on Tuesday urged policymakers to undertake a comprehensive study of the proposed shift to a federal form of government which could address uneven developments in provinces and regions.

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BSP to continue Payment, Settlement Operations on September 21

MANILA - The Bangko Sentral ng Pilipinas (BSP ) will continue its payments and settlement operations on Thursday despite Malacanang's suspension of works in government offices and schools nationwide for that day.

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Indonesia, Croatia agree to strengthen Economic Cooperation

Jakarta (ANTARA News) - Indonesia and Croatia have agreed to enhance economic cooperation, the Indonesian Foreign Ministry said in a press statement released on Tuesday.

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Indonesia, Namibia agree to enhance Bilateral Trade Cooperation

Jakarta (ANTARA News) - Indonesias Foreign Affairs Minister Retno L. P. Marsudi has held a bilateral meeting with her Namibian counterpart Netumbo Nandi-Ndiatwah, and the two ministers agreed to intensify cooperation to boost bilateral trade.

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High Taxes, Competition choke Cheroot-Makers

Myanmar's traditional mini cigar, the cheroot, is near extinction as manufacturers struggle with high taxes, high production costs and stiff competition from imported and local cigarettes.

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EPF to boost Investments in Shariah-Compliant Private Equity Funds

KUALA LUMPUR, Sept 19 (Bernama) - The Employees Provident Fund (EPF) is prepared to increase its investments in shariah-compliant private equity (PE) funds, said its Investment Deputy Chief Executive Officer, Datuk Mohamad Nasir Ab Latif.

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BNM seeks More Focused Delivery of Mandates under Malaysian Development Financial Institutions

KUALA LUMPUR, Sept 19 (Bernama) - Bank Negara Malaysia (BNM) is planning to work with the leadership of local financial institutions and other stakeholders in government to address a more focused delivery of mandates under the Malaysian Development Financial Institutions.

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