Laos Cuts Maximum Concession Period To 50 Years

Laos’ newly-amended Investment Promotion Law has moved to cut by half the maximum investment period for new concession projects to 50 years, down from the previous maximum period of 99 years.
The move is aimed at maximizing investment benefits for the Lao economy, an official from the Ministry of Planning and Investment involved in …

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Lao Leaders Return Their Luxury Cars

Prime Minister Thongloun Sisoulith on Tuesday handed in his BMW 7 Series, following up on a promise made by the country’s leaders that they will no longer drive expensive luxury vehicles in an attempt to exercise frugality.
President Bounnhang Vorachit, who is Secretary General of the Lao People’s Revolutionary Party, was also expected to give back his BMW 7 Series yesterday, an official at the ….

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President Demands Harsh Penalties For Lack Of Discipline

Party Chief and President Bounnhang Vorachit has instructed the top anti-corruption body to appropriately punish those officials found violating the regulations in a bid to stamp out malpractice and lax discipline.
The president also endorsed the creation of measures that would enable members of the public to participate in inspection work …..

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