Lao Morning News For April 3

Lao Morning News For April 3
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Cambodia morning news roundup

Lao PDR morning news

Water management cooperation to flow from Laos, China joint efforts
Laos and China have agreed to further enhance cooperation in the field of water resources through a new Data and Information Centre in conjunction with river basin management plans.
— Vientiane Times

Beware of illegal business ventures, central bank warns
The Bank of the Lao PDR has warned the public to be on the alert for individuals or companies that illegally convince people to deposit their money or buy shares in business schemes, lured by the promise of high returns or interest rates.
— Vientiane Times

Nam Mo 2 Hydropower Plant to Be Built Soon
A US$217-million Nam Mo 2 Hydropower Plant Project will start construction in Mok District, Xieng Khouang Province soon, with the investors having signed a contract with the government on March 30.
— Lao News Agency

Gov’t Pins Medals on Public and Private Sectors
A handover ceremony of medals and certificates of appreciation was held at the Ministry of National Defence on March 31 to applaud 32 departments and private sectors and 80 civil servants who had contributed to organizing the 10th ASEAN Defence Ministers’ Meeting hosted by the Lao Government.
— Lao News Agency 

Lao Police Report Arrest of Wanted Drug Kingpin Sisouk Daoheuang
Lao police have arrested fugitive drug kingpin Sisouk Dauheuang, an associate of Xaysana “Mr. X “ Keophimpha who had been on the run since Xaysana’s capture in January, security sources told RFA’s Lao Service on Sunday.
— Radio Free Asia  

Improved VAT Procedures Expected to Make Paying Taxes Easier
The Ministry of Finance launched today the new Implementing Instructions for the revised value-added tax (VAT) Law, which were approved in January 2017. The revised instructions will make the tax collection procedures more transparent. This is expected to make paying taxes easier for local businesses, and contribute to improving Lao PDR’s business climate.
 Satpr News

Prime Minister Urges End of Tedious Policies to Improve Business Climate in Laos
Prime Minister Thongloun has advised line ministries to eliminate futile procedures in an effort to improve the business environment in Laos.
— The Laotian Times

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Double Tree by Hilton Makes Investment in Laos
The award-winning DoubleTree by Hilton will soon be among the many new hotels to open in the heart of Vientiane. Earlier in the week, DoubleTree by Hilton Vientiane signed a management agreement with TPD Company Limited, a branch of TK Group, to manage the 160-room luxury hotel.
— The Laotian Times

Laos extends support for MIA activities
Lao-American cooperation in locating the remains of American service personnel missing in Laos during the Indochina War has been underway in Khammuan province, with valuable contributions by all parties involved.
— Vientiane Times 

Full steam ahead for start of Laos-China railway
Hundreds of trucks carrying machinery and equipment for construction of the Laos-China railway have entered Laos after being delayed at the border, a senior government official has said.
— Vientiane Times 

Lao-Asean Hospital Prepares to Register on Lao Securities Exchange
Lao-Asean Hospital, a private hospital in Laos, has signed a Memorandum of Understanding (MoU) with Lanexang Securities Public Company to secure its registration at the Lao Securities Exchange (LSX).
— Lao News Agency 

Two Foreign Firms Invest in Agarwood Development in Laos
Two foreign companies have reached an agreement to develop agarwood products to international standards for export markets.
— Lao News Agency

More Than 36 Trillion Kip Invested in Vientiane Capital Last Year
The last year’s investment in Vientiane Capital fetched over 36.9 trillion kip (USD 4.48 billion) mostly in commercial production and systematic food security projects.
— Lao News Agency

 

Feature photo Albert Dezetter
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Vat Vin

Vat Vin

Vat Vin graduated from the University of Cambodia with a major in Economics. He previously worked as a business writer and journalist at Business Cambodia and as a copy writer at The Source and Solution Group before joining AEC News Today.
Vat Vin

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