Government
Budget
NLA proposes VAT hike to 8 per cent
The National Legislative Assembly has agreed that the value-added tax should be increased from 7 per cent to 8 per cent. However, the final decision on the tax hike will be made by the Cabinet after the NLA submits its proposal for approval. The proposed VAT ...
Good infrastructure vital for ASEAN
The availability of good infrastructure at the national level of ASEAN countries is a prerequisite if they are to benefit from regional economic integration, delegates told a panel at the World Economic Forum on ASEAN on May 11. “Better physical infrastructure development in the country ...
Parliament to prioritise pending legislations
The fifth parliamentary session will resume on May 18 and the process of approving bills will be emphasised. Pyithu Hluttaw Bill Committee chair U Tun Tun Hein said that these are bills which have yet to be finished. “So we will prioritise them as soon ...
Govt tightens spending to reduce debt burden
The government has announced that some new development projects planned for this year could be postponed until next year if Laos faces a revenue shortfall in 2017. The government is also committed to tightening budget expenditure by trimming its administrative budget and, if they are ...
Beaches, eco-tourism spots packed with holiday revellers
Tourist spots, hotels and amusement venues, and buses and ferries across the country were packed with holiday makers during the four-day holiday that ended on May 2. The sunshine and hot weather in the south made it suitable for sea-related tourism and eco-tourism. Hotels in Vũng ...
Laos registers trade surplus in first quarter
Laos has registered a US$95 million trade surplus in the first quarter of 2017 following an historic trade surplus over the 2015-2016 fiscal year, the government told the National Assembly this week. Officially-recorded export over 2017’s first three months was valued at US$1,212 million, while ...
Tax collection soars
Tax collections rose to $768 million in the first quarter of this year, a 92 percent rise on the same period last year. General department of taxation director-general Kong Vibol told a meeting chaired by Finance Minister Aun Pornmoniroth on April 23 that the collection figure ...
New decree strengthens environment fund
A new government decree on a key environmental fund will help bolster fundraising for the protection of environment across the country, sources say. An official from the Environment Protection Fund (EPF) Mr Vithoun Inthavong discussed his expectations speaking with Vientiane Times on April 19 about the ...
Holidays see record tourists
Cambodia’s top tourist destinations recorded a record number of visitors this Khmer New Year, with 2.5 million locals and foreigners traveling to celebrate the festival around the country. A Tourist Ministry report said Siem Reap province welcomed almost 1.7 million tourists, up 23 percent from last ...
Tourism pours millions of dollars into govt coffers
Tourism injected more than US$724 million or 5.9 billion kip into the national budget during 2016, the latest data show. However, the revenue generated by tourism in 2016 dropped slightly from the more than US$725 million generated by the sector in 2015, according to data ...
