Asia, Europe Should Cement Cooperation To Narrow Development Gap: Laos

Asia and Europe should strengthen cooperation to narrow the development gap that remains wide, Laos has told the 12th Asia-Europe Meeting (Asem12) in Brussels, Belgium.

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Provincial SME’s Need Regulatory Burden Relief, Swifter Tax Registration

Authorities need to reduce the regulatory burden or “red tape” that businesses face in conducting their activities due to rules and regulations so that their compliance costs can be cut to increase their efficiency.

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Improved Business Environment To Support Sustainable Growth In Lao PDR

Lao firms and households are expected to benefit from a new US$13-million project, which will promote reforms to the business environment, for instance reducing the number of days needed to start a business.

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Two More Years To Meet Laos’ Development Plan: Minister

Natural disasters coupled with global economic and political uncertainty have had a direct impact on the implementation of the 8th Five-Year National Socio Economic Development Plan (NSEDP 2016-20), according to a senior government official.

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BOL Advises Media To Stop Ads For KIWI QR Code Payments (Alipay)

Authorities have directed all media outlets to stop carrying advertisements for KIWI Co Ltd’s QR Code payments and services via the Alipay system in Laos as they do not have the required permission from the Bank of the Lao PDR (BOL).

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Vientiane Airport: International Expansion As China Tourism Booms

Vientiane Airport has doubled the size of its international terminal, supporting a Laotian initiative to boost tourism. Laos expects Vientiane’s international passenger traffic to double over the next five years, driven by a rapid increase in visitor numbers.

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Laos Continues To Be Target For Money Laundering

Laos continues to face a high risk of money laundering despite the country graduating from the “grey list” of the Financial Action Task Force last year, according to the National Money Laundering and Terrorist Financing Risk Assessment (NRA).

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Laos’ Main Airport Got Huge Expansion

The international terminal of the airport serving the Laotian capital of Vientiane, Wattay International Airport, can now accommodate as many as 2.3 million foreign travelers a year, roughly nine times the original terminal’s capacity.

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Major To Open New Cinema In Laos

Vicha Poolvaraluck, chief executive of Major Cineplex, said he signed the deal with Thatnakhone Thammavong, president of TK Group and Lao World Plc, an owner of ITECC Mall, to open the new state-of-the-art cinema.

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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.

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Chinese Constructors Complete Foundations Of Mekong River Rail Bridges

The concrete casting for the last pier understructure of LuangPrabangrailway bridge has been successfully completed, laying down all the foundation construction work of the two cross-Mekong River super major bridges along the China-Laos railway.

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PM Urges Strengthening Business Sector Through Law Improvement

While giving a guidance talk at the 11th Lao Business Forum on Jul 5, Prime Minister Thongloun Sisoulith emphasized the importance of strengthening the business sector through the improvement of business-related laws and regulations adding that doing so could help achieve the national socio-economic development goals.

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First Certified Crypto Exchange In Laos Launches: Vientiane Exchange Money

Laos makes a move towards increasing its crypto-friendliness. The new development has brought the first-ever crypto exchange with an official certification in Laos. The exchange’s name is Vientiane Exchange Money, and it will only offer seven currencies – digital and traditional, at least for the time being.

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New Laos IP Law Is A Significant Step Forward For Domestic And International Brands

A new IP law will come into force in the Southeast Asian nation of Laos this weekend, introducing trademark opposition procedures to the country for the first time. The new law also stipulates the creation of a new digital platform for brand rights and expands the range of images eligible for trademark protection in the jurisdiction, among other things.

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New Flights To Boost Links Between Laos and China

Laos and China on Monday officially set in motion a new air route between the two countries, aimed not only at boosting tourism but also other areas of cooperation.
The new flight will carry tourists and other travellers between Vientiane and Luang Prabang province in Laos and Hainan province in China.

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Tour Companies Tout Laos As Adventure Lovers’ Paradise

Local tour companies are continuing efforts to promote Laos as an adventure tourism destination with a recent exhibition held at the Vientiane Center shopping mall.

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Laos’ Investment Outlook for 2018

Landlocked by Myanmar, Cambodia, China, Thailand, and Vietnam, Laos is among the poorest economies of the world. Yet, in terms of gross domestic product (GDP), the economy continues to soar. Over the last decade, Laos has sustained an average growth rate of 7.8 percent, relatively higher than its neighboring countries.

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Rule Of Law Key To Strengthening Laos’ Competitiveness

Laos has to strengthen the rule of law if it wants to become a competitive investment destination, according to a report from the World Bank.
“The country (Laos) faces issues that include weak regulatory effectiveness, control of corruption and rule of law,” the 2018-Doing Business in the Lao PDR report highlighted in its key findings.

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China Southern Adds Lao Route

China Southern plans to fly to Vientiane from Chongqing in China during the summer timetable months April to October. The airline has filed for three weekly flights starting 26 March according to timetable information reported by Airlineroute.
The new service would use an …

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Green Light For Tourism Complex Development In Vangvieng; Casino Pending Approval

A Chinese company is beginning construction of a more than US$200-million tourism complex at the disused airfield in Vangvieng district. The project will include a five-star hotel, a modern private hospital, a public park and a planned casino.

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Lao Factory Owners Say Proposed Wage Hike Will Shutter Businesses

Owners of garment factories and other businesses in Laos are rejecting a proposal to raise the minimum wage by as much as one-third, saying the increase in expenses would force them to shut down operations, despite reports of workers seeking opportunities elsewhere due to low pay and high living costs.

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How To Protect Your Intellectual Property In Laos

As Lao PDR’s economy grows and more companies begin conducting commercial activities here it will become increasingly important for businesses to protect and maintain their competitiveness in the market. A company’s failure to effectively protect its IP or to restrict infringement of its IP can lead to the loss of market share, revenue, reputation, opportunity and competitive advantage.

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Will Costs Continue To Cage Laos’ Regional Connectivity?

Laos is among the fastest growing economies in Southeast Asia: economic growth has averaged 7.8 per cent over the past decade. Despite the slow recovery of the global economy, the country’s growth rate was 6.9 per cent in 2017 and is expected to be 7 per cent in 2018. This is buoyed by an expansion in electricity production, manufacturing and agriculture, and it occurs despite a slight drop in tourist arrivals.

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Laos Dances To Survive Between China and Vietnam

While often portrayed as a pliant client to its larger neighbors, Vientiane’s balancing act is more astute than widely recognized
With its sparse 6.7 million population, land-locked Laos is often cast as a passive victim of pell-mell Chinese expansionism, a rich source of raw materials its giant neighbor craves and a virtual truck stop on the way to Thailand and the more prosperous countries of mainland Southeast Asia.

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With Its Environmental Crisis, Is Laos Missing The Forest For The Trees?

Laos’ reputation as having some of the most lush and diverse forests in the Mekong remains under serious threat after a December investigation by government officials found evidence of large-scale illegal logging operations in the southern Attapeu province, despite recent efforts to end the practice. Laos, which is left with just 40 percent of the country covered by closed canopy forests, is facing an environmental crisis with much of the remaining forests unhealthy and degraded.

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Is Mekong River Set To Become The New South China Sea For Regional Disputes?

Foreign ministers from the six countries through which the Mekong flows met in southwestern China last month to approve a draft of a five-year development plan for the river. But as state leaders prepare to finalise the proposal at a meeting in Cambodia later this month, environmental groups have expressed concern over what it could mean for Southeast Asia’s longest waterway.

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High-speed Rail Project Will Force Thousands of Lao Families to Relocate

More than 4,400 Lao families are being forced to relocate to make way for the U.S. $6 billion Lao-Chinese high-speed railway whose construction began nearly a year ago as part of a longer rail project that will link China to mainland Southeast Asia, a public works ministry official said.

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American Pacific Resources Partners with Lao Company to Develop a 67,000-acre Gold Mining Project

PHI Group, Inc., (www.phiglobal.com) (OTCQB:PHIL), a company focused on mergers and acquisitions and investments in natural resources, energy, agriculture, and special situations, announced today that its subsidiary American Pacific Resources, Inc. (“APR”) (https://aprgold.com/) has signed a Business Cooperation and Investment Agreement with a Lao company to develop a 67,000-acre gold mining project in the Province of Savannakhet, Laos.

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B Grimm Goes Big With Power Projects In Laos

B GRIMM POWER has taken an aggressive move in building and operating hydropower plants in Laos. The company officially opened on Friday the Xanamnoy 2 and Xekatam 1 hydropower plants in Champasak province that shares a border with Thailand’s Northeastern Ubon Ratchathani province.

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