Stakeholders from the public and private sectors as well as civil society met in Vientiane to discuss and exchange views on the establishment of a consumer protection association.
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Upon arrival in Laos, incomers will be tested for Covid-19 and will be quarantined at a designated location for 48 hours while they await the test results.
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The Bank of the Lao PDR (BOL) is upgrading its IT infrastructure system to ensure financial transaction services throughout the country.
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China has agreed to support Laos through three projects as part of efforts to strengthen cooperative relations between the two countries.
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Many firms are effectively conducting business and basing their pricing on foreign currencies sold in the parallel market
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Laos is undergoing an unprecedented level of macroeconomic stress and the pandemic has worsened an already fragile economic landscape.
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Laos recorded a total trade value of US$762 million for imports and exports in August 2020, comprising US$377 million worth of exports while about US$384 million was expended on imported goods
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Although Laos was able to dodge severe health impacts from the COVID-19 pandemic, the effect on the country’s economy, particularly on the tourism sector, is being projected to be devastating.
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The price of food and beverages increased by 9.91 percent year-on-year and 2.19 percent month-on-month
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Fitch Ratings has downgraded Laos’ rating to “CCC” from “B-,” meaning that the Southeast Asian nation faces “substantial credit risk” and that default is a “real possibility,”
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Source: Laos News Gaming has grown immensely in popularity since the turn of the century, but how fast is it
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The business sector has requested the government find ways to reduce transportation and customs clearance costs to ensure that the collection of fees is done strictly under the Lao President’s Decree.
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Construction of the Laos-China railway is progressing as planned despite the obstacles posed by the Covid-19 pandemic.
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Laos set to cede majority control of its national power grid to China to service Belt and Road debts
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Lao Govt and Space Eye Lao Co., Ltd. (Spel) will partner in the study and development of a modern land management system in Laos using digital technology.
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The primary gold project is expected to generate about US$30 million in government revenue and economic benefits
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EDLT plans to invest about US$2 billion in building Laos’ national backbone power grid and cross-border power grid interconnection for Laos and its neighbouring countries
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The country’s foreign exchange reserves have fallen below $1bn, less than Laos’ annual debt payments
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Laos could face a trade loss of US$102 million under the special tariff scheme if the country graduates from the UN’s Least Developed Country (LDC) status in 2024
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Lao Telecommunications Public Company (Lao Telecom) has officially launched the 5G system, which is the first network in Laos.
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The first 7-Eleven-branded convenience store in Laos is expected to be open in Vientiane
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The country is still facing a huge trade deficit
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The Consumer Price Index (CPI) remains high in Laos despite the government increasing measures to curb rising prices at Lao markets.
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The Lao garment industry is in a slump following a significant drop in orders from foreign countries due to the Covid-19 pandemic and must now rely on the domestic market to sustain its long-time workforce.
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Today sees the entry into force of the new Law on Land No. 70/NA dated 21 June 2019 (the “2019 Land Law”), which among other things, includes new provisions concerning the limited ownership of land-use rights by foreigners under certain circumstances, and the limited ownership of individual units in a condominium or apartment building.
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Land disputes have become one of the most difficult issues for authorities in the national capital because of growing demand for land
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Chaired by Prime Minister Thongloun Sisoulith, the two-day meeting told officials in charge to improve policies to promote small and medium enterprises (SMEs).
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An elevated fiscal deficit will result in growing public debt, which will ramp up pressure on the country’s debt servicing capacity amid the Covid-19 crisis.
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Vinamilk’s investment capital in Lao-Jagro has increased from 25.4 million USD to 66.4 million USD. Additional capital increased to build the first two farms in the complex of high-tech dairy farms in Laos.
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Moody’s Investors Service (“Moody’s”) has downgraded the Government of Laos’s issuer rating to Caa2 from B3 and changed the outlook to negative.
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The project will focus on Promotion of Strengthening Regional Structures for Small and Medium Enterprise Promotion in Asean.
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The inflation rate is increasing in Laos despite the government’s measures to regulate the prices of goods in the local markets.
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The organisers of the top three expos of Laos have announced that LaoBuild 2020, Lao Food & Hotel 2020 and LaoCafe 2020 have been rescheduled to June 17-19, 2021 in line with the government’s Covid-19-related restrictions.
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Laos expects to lose millions dollars in remittances from overseas workers this year following the return of thousands of Lao citizens to the country due to the Covid-19 pandemic.
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Source: Vientiane Times The National Committee for anti-money laundering (AML) and counter-terrorism financing (CTF) has reviewed the progress of preparations
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The Villa Maydou Boutique Hotel is one of the most charming residences in Luang Prabang, where you can enjoy a traditional Laotian atmosphere.
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Source: Vientiane Times Lao Brewery Co. Ltd has granted 3.4 billion kip combined to renovation projects for Chao Fa Ngum
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Mr. Somphonsack Phayouphorn is a Swiss-Lao architect living in Vientiane. Born in Luang Prabang, he grew up and studied architecture,
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Gold jewellery prices in Laos on Wednesday were almost 8.8 million kip per baht-weight (15 grams) and 2.2 million kip a sleung (3.75 grams)
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State-run Lao Airlines plans to soon resume its international service from Vientiane to Hanoi in Vietnam, with two flights a week on Mondays and Fridays.
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The Covid-19 crisis resulted in an indefinite delay for the project to build the largest private hospital in Laos.
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The Bank of the Lao PDR has come up with a new administrative rule designed to administer currency exchange businesses amid the appreciation of international currencies against the Lao kip.
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Auditors Ernst & Young noted the “existence of material uncertainties that may cast significant doubt on the group’s and the company’s ability to continue as a going concern.”
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The Tourism Council of Thailand estimates that in the next three months up to 30 per cent of tourism-related businesses in Thailand are at risk of shutting down permanently
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Many manufacturers in Laos are facing challenges to stay afloat even as the government has given them the nod to resume business.
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Source: Vientiane Times Laos needs at least US$4 billion in foreign currencies to purchase goods from other countries each year,
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The Decision brings clarity to certain important provisions of the Amended Law on Intellectual Property No. 38/NA, published in May 2018.
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Source: The Star Laos will establish the National Center for the Quality Inspection of Foodstuff and Beverage to ensure the
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Sports competitions, casinos, and some social gatherings will be allowed to resume under the government’s decision to relax the COVID-19 prevention measures
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The Covid-19 pandemic has claimed another victim – regional budget airline NokScoot is closing down.
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PRI·MED Medical Products (PRI·MED), a worldwide leader in manufacturing single-use medical personal protective equipment (PPE) including face masks, gowns and examination gloves – has today announced the development of a new manufacturing facility in Vientiane, Laos
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The one-stop service introduced by the government to enable the completion of service procedures at one location is still not implemented effectively
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Vietnamese carriers’ plans to resume international flights next month will come to naught, given fresh Covid-19 outbreaks in Asia and other factors, experts say.
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The Ministry of Post and Telecommunications has issued a notice urging phone users to re-register phone and internet SIM cards from Jul 1, 2020.
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The value of coffee exported by Laos increased as the price of local coffee beans was better this year
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Thailand Civil Aviation Authority (CAAT) has said it will be September before international flights to and from the country resume.
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Several restaurants in Vientiane and tourist destinations across Laos continue to be closed after suspending operations several months ago due to the Covid-19 crisis, and some operators are now seeking new ways to earn a living.
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Importers and exporters in Laos are grappling with several challenges despite the government’s active efforts to reduce procedures and trade barriers.
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The Lao PDR has so far avoided a major health crisis but has not been immune from the global economic downturn as the COVID-19-induced economic recession has affected the country through multiple channels including tourism, trade, investment, commodity prices, exchange rates, and lower remittances.
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Source: Vientiane Times Construction of a 113.50-km expressway linking Vientiane and Vangvieng is now over 70 percent complete and authorities
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We address the human resources challenges facing employers in Laos and answer the challenging questions relating to the workplace within Laos’ labour law framework and COVID-19-specific regulations and guidance
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Laos has approved a Singapore energy firm’s plan to build a 1,000 MW coal-fired power plant in the southern province of Sekong.
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The real estate market in Laos is expected to decline by 15 percent to 20 percent this year because of the impact of the Covid-19 pandemic and a continuing economic slowdown.
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The Ministry of Labour and Social Welfare has instructed businesses in the production and service sectors to respect the Law on Labour, related laws, and regulations on the payment of workers affected by the Covid-19 outbreak.
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The current impact of the situation is still being molded, consumer behaviors and consumption patterns are changing and will continue to change drastically in the coming few months.
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Bank of the Lao PDR (BOL) has officially launched the Lao Payment and Settlement System (LaPASS), a real-time gross settlement system, to promote a more efficient financial system.
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Nikon Corporation has announced that they’ve reduced the number of employees in their Imaging business by 700 at its factories in Thailand and Laos – around 10% of their workforce in each of those locations.
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A new International Labor Organization report suggests that more than one in six young people worldwide has stopped working since the start of the Covid-19 pandemic, while the rest have seen their working hours cut by almost a quarter.
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Laos will not be able to achieve the target for tax collections this year due to the Covid-19 crisis and the implementation of the adjusted new tax law.
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The amended law addresses insurance activity in Laos, insurers’ daily operations, and termination and liquidation of an insurance company.
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Between 96,000 and 214,000 additional people are estimated to fall into poverty as a result of the pandemic, jeopardizing past gains.
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39 days no infections prompts gradual reopening of int’l borders
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Laos will be hard-pressed to meet its external debt obligations
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The government needs to speed up the provision of the loans it has approved as this is one of the best ways to help Lao businesses survive amid the Covid-19 pandemic
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The perennial challenge of unemployment in Laos has been further exacerbated by the Covid-19 outbreak as large numbers of people have been laid off from their jobs.
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Fitch Ratings has affirmed Laos’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ and revised the Outlook to Negative from Stable.
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The ban on flights to Laos continues with no end date in sight as far as government announcements go
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The value of Laos’ exports this year have dropped from US$410 million in January to US$209 million in April because of the impact of the global Covid-19 pandemic.
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Many large shopping centres have resumed operations after being temporarily closed in line with the government’s orders to prevent the spread of Covid-19.
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Enterprises operating during the ongoing COVID-19 pandemic must strictly implement precautionary measures to avert further outbreaks of the virus, authorities have advised.
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The government has introduced the three-step Business Start-up process for registration of enterprises that will facilitate entrepreneurs, and reduce time and unnecessary costs.
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Work on the country’s third longest tunnel at Namor district in Oudomxay province, which is part of the Laos-China Railway Project and has a length of 9020 metres, has been completed.
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Private schools must pay 50 percent of the salaries of teachers, while parents must pay 50 percent of the fees for students for the month of April.
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The prime minister told the cabinet to remain tough in enforcing his Order No. 6 which imposes tougher prevention and control measures, and measures imposed by the relevant authorities.
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Factories and businesses at the heart of the Lao economy will be able to resume their operations amid the extended lockdown ordered by the Prime Minister to combat the Covid-19 pandemic.
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Laos is expecting tourism revenues to fall by at least US$350 million (3,111 billion kip) this year with the sector to cut 2 percent off the nation’s gross domestic product (GDP).
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Thailand’s anti-monopoly watchdog warned food delivery platforms they could face fines for charging higher commissions
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Laos recorded a trade deficit of US$118 million in March, which was higher than the figures for January and February.
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Businesses engaged in foreign trade have asked the government to allow imports and exports via local and traditional border checkpoints
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As all J&C teams have switched to “home office”, we assure you that J&C Group continues to support you, your family, and/or your company.
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Economic growth in Laos has slowed as production and consumer spending drop amid fears of a spread of the coronavirus, with growth expected to shrink by about 50 percent
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Lao Prime Minister Thongloun Sisoulith just announced the following tax measures to reduce the impact from COVID19 on SME’s
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The government yesterday announced to close all international checkpoints and prohibit public movement for non-essential activities for almost three weeks to control the coronavirus pandemic as fears of outbreak escalate.
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The filing due date of the financial statements for 2019 is postponed to 30 April 2020
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The Ministry of Finance issued a notice last week reminding vehicle owners to pay the road tax by the end of this month, or face a fine.
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The Lao government has adopted in principle an economic stimulus package to minimise the impact caused by the ongoing outbreak of the coronavirus (COVID-19)
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Thailand is preparing to restrict some aspects of daily life after the country’s biggest spike in coronavirus cases, further damaging one of Asia’s weakest economic outlooks.
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Tesco, Britain’s biggest retailer, is selling its businesses in Thailand and Malaysia to Thailand’s CP Group entities for an enterprise value of US$10.6bil.
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Kasikorn, one of Thailand’s largest banks, has announced they have shut all their in branch and foreign exchange booths immediately.
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Coverage by the national power grid is still limited due to a lack of funding for power grid development
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China-dependent countries feel fallout in tourism, manufacturing, and exports.
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Chinese entrepreneurs in Laos’ capital Vientiane are allegedly importing vehicles from China illegally for car rental and taxi businesses, much to the ire of their Lao competitors
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The top five categories of imported goods were construction equipment, fuel and gas, items used in industry, electronic products, vehicle parts, and food.
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Despite a new set of challenges like the long dry season, Covid-19 outbreak, and US-China trade war, Laos looks set to enjoy stable growth of at least 6 per cent, possibly 6.3-6.4 per cent.
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The award was presented by Mr. Dean Robertson, CEO of APA Insurance, in recognition of J&C Insurance’s distinguished service and achieving the highest of standards in all areas of agency growth, customer service, and good business practices.
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Vehicle owners are urged to pay the 2020 Road Tax or face a penalty. The Ministry of Finance issued a
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Vehicle owners who have not paid road tax will not be permitted to cross the border into other countries
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Construction of the mega Vientiane Expressway No. 1 officially began yesterday, with the project aiming to ease traffic congestion and respond to economic growth in the Lao capital.
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With these new offices now-up-and-running, we invite our clients to come and visit us at anytime. The team would be happy to host you and discuss any needs that you may have.
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All vehicle imports and exports will have to be recorded under the Lao National Single Window (LNSW) system at the Lao-Thai Friendship Bridge checkpoint starting on March 1.
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How’s the Real Estate Market These Days?
This must be the most common question real estate agents get when meeting people.
Laos stands to lose US$250 million to US$300 million in first-quarter revenue from the service sector, including tourism, due to fallout from the coronavirus outbreak
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The Dongbang water treatment extension plant is to be built in Xaythany district, Vientiane with aid from Hungary
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Lao’s macroeconomic growth is projected to improve moderately this year, with growth of 6.3 to 6.4 percent
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The new law provides better progressive rates for personal income tax and has lowered profit tax rates.
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The Bank of the Lao PDR (BOL) makes a soft launch of the Lao QR Code standard for payments
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Prime Minister Thongloun Sisoulith told his cabinet to take steps to expedite the approval of investment and business operation licences
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Laos will open the Pang Mon checkpoint in Sayaboury province opposite Thailand’s Ban Huak checkpoint in Phu Sang district
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Experts met to make recommendations on policies and technical standards in the transition from internal combustion engine vehicles to electric vehicles (EVs).
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Inflation continued to increase in December, sending a strong warning that serious action is needed to rein in the price of goods and services to prevent them rising further
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In an extraordinary example of applied capacity building, Australian businesswoman Susie Martin is leading the way in helping one of South East Asia’s poorest countries set about improving its food production systems.
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This week, Mr. Stephan R. Aeschbach handed over the reins of J&C Insurance to Mr. Fabrice Decico.
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The government must employ concrete measures to implement its policy on transformation of the country from landlocked to a land bridge,
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J&C Services will now be known as the J&C Group. Under this identity, we have several departments mainly Insurance, Marketing, Real Estate, and Investments, etc.
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China and Laos have signed an agreement on bilateral monetary cooperation to enhance the use of local currencies in trade and investment,
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The Ministry of Energy and Mines has predicted that the demand for electricity in Laos will increase to 1,800MW during the period 2020-2025,
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The government has promulgated a new prime ministerial decree, which aims to more effectively administer the growing number of businesses involved in the import, sale and assembly of vehicles in Laos.
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The government should persist with its promotional policy for investment in the energy and mines sectors as they are key income earners for Laos’ economic growth
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J&C Group is excited to announce the relaunch of J&C Real Estate, with Casey A. Tolzman taking the role of director.
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The Customs Department will extend the use of an automated customs management system to other main customs checkpoints
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A section of the Mekong river in Laos has changed color from muddy brown to blue—a warning sign indicating poor health in Southeast Asia’s most important waterway.
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J&C Insurance was presented with 3 awards, for being Forte-Toko Insurance’s largest & most successful agent in 2019 !
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Marketing is the major reason why one product can be sold for 2 extremely different prices even though the cost
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The Bank of the Lao PDR (BOL), the country’s central bank, on Monday officially launched the new joint venture Lao National Payment Network Co Ltd (LAPNet) in collaboration with seven major banks.
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Source: Vientiane Times The government has asked the National Assembly to approve an amendment to the Law on Enterprise Bankruptcy,
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South Korean President Moon Jae-in said Tuesday his country will help Laos achieve its goal of becoming a “transportation and logistical hub” in the region.
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Laos’ central bank will tackle challenges to ensure the stability of the kip and prevent it weakening further against the Thai baht, and ensure the rate of inflation stays below 5 percent.
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Laos has registered a trade surplus, although money transfers are below target.
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Prime Minister Thongloun Sisoulith has agreed with the concept of establishing a special taskforce committee, to address unresolved issues relating to the improvement of the business climate
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The railway is currently about 70 percent complete and is scheduled for completion at the end of 2021.
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J&C Marketing is glad to welcome Phanthamit Analytical Lab, The Spirit House, and Davina Furniture as our new clients. We are delighted to work for them and help them strengthen their marketing efforts.
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A plan to create “smart” and “eco” cities in Luang Namtha, and Oudomxay provinces topped the agenda at the government’s monthly meeting
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U.S. President Donald Trump on Friday reinstated duty-free trade for certain items from Ukraine, but suspended it with Thailand.
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The baht could further strengthen to Bt29 per dollar, a Kasikornbank analyst warned this week.
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In a conversation with Mr. Marc O. Renault, Partner and Managing Director, SBL, we asked him for his opinion about and experience with J&C Services
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The United Nations Conference on Trade and Development (UNCTAD) will encourage development partners to maintain their assistance to Laos for a while after the nation graduates from Least Developed Country status.
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J&C Services is proud to be the new insurance provider for Vientiane College (VC) academic staff.
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China has become a major player in the railway industry and, as a result, many countries — including Thailand — are working with China to develop their own high-speed rail networks.
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On behalf of the Lao Government, the Ministry of Planning and Investment and PetroTrade signed a memorandum of understanding on October 15 to study and complete a detailed design of the railway.
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J&C’s “Marketing Over Coffee” is back with its October edition “Brand Health: How is your Brand doing?”
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Cambodia’s $8 billion microfinance industry, touted by Western aid groups and foreign investors as bringing financial opportunities to the country’s poor, is ensnaring families in crushing debt and could threaten the country’s economy
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The Bank of the Lao PDR has announced that it will issue a 2015 version of the 500 kip banknote. It is giving advance notice of the circulation of the new banknote in a bid to prevent doubts about the validity of the currency.
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Lao economic growth will remain moderate in 2019 and 2020, as expansion in the industry and services sectors softened in the first half of 2019 due to fewer international visitor arrivals
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UNDP’s vehicle for fast-tracking development solutions harvests local expertise, identifies grassroots innovations and taps into a global network
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Gardening is a much-loved activity but unfortunately, due to our busy lifestyles, we don’t all have the time to beautify our outdoor spaces. The same goes when repair works in and around the home are needed.
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J&C Marketing is delighted to welcome new clients NNC Pharma Co. Ltd., EV Lao, and Landmark DRC as an addition to our existing client portfolio. Here is what our customers do:
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The government has issued a prime ministerial decree to establish a Small and Medium-Sized Enterprise Promotion Fund, hoping the intervention will boost business access to finance.
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J&C’s “Marketing Over Coffee” is back with its September edition “Using Customer Journey for a Better Marketing Strategy?”
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The cabinet has named the management of currency exchange as one of its top priorities in the coming months, as the gap between the official and market exchange rates widens.
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Is Laos on the edge of an economic boom, or a bust?
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Source: Japan Times Electric wire maker Bando Densen Co. has set up a cable plant in Laos as part of
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The International Monetary Fund (IMF) is predicting a favourable outlook for Laos’ economic growth in the upcoming years despite the present difficulties.
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Source: Vientiane Times The World Bank has recommended that Laos let its currency follow the market as other nations cut
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The Bank of the Lao PDR (BoL) should not merely issue warnings to money changers who break the currency regulation rules
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If climate change trends continue and if population continues to increase, water conflicts will probably be an aspect of our future.
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The Lao government will try to sell more domestic bonds in the local currency in an attempt to address the fiscal deficit and strengthen the national capital market.
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J&C’s “Marketing Over Coffee” is back with its August edition “Is Your Business Communicating effectively through its Marketing?”.
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Myanmar and Lao PDR look to be the biggest winners of an ASEAN plan to boost connectivity with a series of infrastructure projects.
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J&C Services is proud to be the new insurance provider for all Expat teaching staff at Panyathip International School (PIS). We are thankful for the confidence PIS has placed in our services.
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The Insurance Asia Awards honours the companies that rise above the challenges and to recognise their initiatives. J&C Services Sole Co. Ltd was awarded the Domestic Broker of the Year – Laos, being the only company from Laos.
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The injection of bank credit into the economy continues to slow despite government measures to improve the investment climate for the private sector.
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Online fraud is especially problematic in Southeast Asia, where there is a sharp contrast in ecommerce development between different countries in the region.
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Laos has steadily faced a higher Inflation rate over the past five months after being pressed by several economic factors.
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There is growing concern about the strengthening of the Thai baht and US dollar against the Lao kip.
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The Ministry of Industry and Commerce plans to establish model restaurants in the Lao capital of Vientiane that will serve single dishes at prices set by the authorities.
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It takes only a cup of coffee to define your marketing solutions
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Lao Development Bank (LDB) and Singapore-headquartered blockchain-based fintech Everex have signed Memorandum of Understanding (MOU) on the initiative.
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The business environment is expected to improve dramatically in the coming years as the government intensifies action to better facilitate business
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The new China-Laos railway is spanning the Mekong River and drilling through mountains. So far, many local Laotians are seeing more trouble than benefits from the project.
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Some 1,285 people have been found to be involved in corrupt practices, defrauding the government of 999 billion kip
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Laos’ combined exports and imports for this year are struggling to achieve the target
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PM Thongloun pushes back against warnings over infrastructure burden
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The energy and mining sector is trying to cut electricity prices so that power is affordable for local residents and businesses.
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The Annual Vientiane Career & Education Fair is organized by volunteer staff members and students from Lao-American College and AIESEC.
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J&C Services is proud to be the new health insurance provider for all local staff of PACTEC Laos.
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The private sector in Laos is optimistic that trade and investment will be made easier by the public sector following the application of international evaluation standards.
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The number of visitors to Laos from high-end and target countries declined significantly in the first three months of this year compared to the same period in 2018, a recent report reveals.
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The agreement was signed by the APA CEO, Mr Dominick Williams, and founder and CEO of J&C, Mr Stephan Aeschbach, on Friday in Vientiane.
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The Lao government has disciplined more than 200 officials involved in taking bribes or embezzlement in recent months as part of a bid to crackdown on rampant corruption in the Southeast Asian nation, but few have been held criminally accountable for their actions.
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The Department of Radio Frequency under the Ministry of Post and Telecommunications continued discussions on a roll-out of the 5G network in Laos with internet service providers yesterday.
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The Ministry of Information, Culture and Tourism issued a notice last week banning the advertising of alcoholic beverages and activities that promote the consumption of alcoholic drinks.
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Despite Thailand’s vow to rely on domestic funding as it expands its network of high-speed railways, it could soon accept the offer of a low-interest loan from the Export-Import Bank of China (CEXIM), raising concerns about whether the country is on the verge of falling into a debt trap.
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Seven major banks in Laos signed a memorandum of understanding on April 22 to establish the Lao National Payment Network (LAPNet) company for a faster, reliable and more convenient payment system.
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J&C Services is proud to be the new insurance provider for all teaching staff at International School of Laos (ISL). We are thankful for the confidence ISL has placed in our services.
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In Laos, newly-empowered consumers are basking in the benefits of the polymer industry without knowing the consequences of their consumption on marine ecosystems.
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A group in Laos says designer MaxMara ripped off designs from a local ethnic group with zero compensation or acknowledgment.
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Economic growth in Laos is expected to remain stable this year and next, supported by the expanding agriculture, energy, industry and services sectors, says a new Asian Development Bank (ADB) report.
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As many as 1,225 state investment projects have been implemented unlawfully over the past years, the Government Inspection Authority (GIA) reported this week.
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The 414km railway from Yunnan’s provincial capital of Kunming to the Laotian capital of Vientiane would cut travelling time to three hours, from three days
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Industries that produce pollution may have to pay more taxes now that the Lao government has embraced the National Green Growth Strategy.
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