Top 3 Expos Of Laos Postponed To 2021 Due To Covid-19 Crisis

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 Toughens Anti-Money Laundering Measures

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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PRI·MED Medical Products Announces New Medical PPE Manufacturing Facility in Laos

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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Laos Has Avoided A Major Health Crisis, Yet To Be Immune To Global Economic Downturn

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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Work Completed On Laos’ Third Longest Tunnel For Railway Link With China

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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Factories, Businesses To Operate Amid Lockdown

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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Nearly 300 Lao Workers Strike Over Unpaid Wages at Chinese Garment Factory

Hundreds of workers staged a protest last week at a Chinese garment factory in the Lao capital, saying the firm did not pay their wages for March and ignored government orders to close the factory to combat the COVID-19 outbreak.

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Lao Banks Partner In Integrated Payment System

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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Central Bank To Focus On Currency Management Amid Challenges

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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Onboarding New Marketing Clients

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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Thailand Turns To China For High-speed Rail Boost

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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Private Sector Hopes For Easier Business Operation Through Int’l Evaluation

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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J&C Services Signs Strategic Partnership Agreement With APA Insurance

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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Thailand Resisting Falling Into Rail Debt Trap

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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Laos’ Trash Problem Is An Ecological Time Bomb

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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Australia Approves AUD4.5 Million For Business, Trade Improvement

Laos is now actively working to improve the business environment and facilitate trade as part of supporting the government’s policy to improve the ease of doing business.

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Laos’ First Ever Specialized Real Estate Investment Show Launches This 1st & 2nd March!

Laorealestate.la, in partnership with the Lao National Chamber of Commerce and Industry (LNCCI) and Laos’ leading online marketplace, www.yula.la, is excited to announce it will be hosting the country’s first real estate investment expo at Don Chan Palace Hotel on Friday & Saturday, the 1st and 2nd of March, 2019.

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Laos not fully benefiting from regional economic integration: think tank

Laos has not fully benefited from the recent regional economic integration as its share of trade with ASEAN nations has declined, according to the National Institute for Economic Research (NIER), a Lao think tank.

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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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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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First UK English Language School Opens In Vientiane

Panyathip International School has partnered with the Wimbledon School of English, a British English language school, to officially open the Panyathip Education Centre in Vientiane.

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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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Inspection Ordered As Road Toll Bites In Champassak

Champassak provincial authorities will soon order an inspection of Road No. 16 including accurate details on the construction budget as the government contemplates plans to purchase the project rights from the private construction company.

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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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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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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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Tourism And Development Threaten Laos’ French Traditions

It remains a jewel of French colonial architecture, you can savor some of the best croissants and baguettes east of Paris here, and even toddlers still learn the language of their bygone rulers. Luang Prabang, tucked into a river valley in the heart of Laos, survives as one of the last bastions of the old French Indochina.

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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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