Tax payments decline over seven months
[:en]The Taxation Department reported recently that tax payments across the country had decreased 5.1 percent during the first seven months of the 2015-16 fiscal year, in comparison to the previous year.[:]
Kasikornbank forecast to triple lending in Laos
[:en]Kasikornbank (Laos) aims to triple lending growth and open a new branch this year to cash in on strong economic prospects in neighbouring Laos. The bank, a 90%-owned subsidiary of Kasikornbank (KBank), expects 2016 loans outstanding to grow by more than 250% to 1.5 billion baht.[:]
Mining Slump, Improper Planning Blamed For Budget Tensions
[:en]The enormous drop in revenue generated from mining coupled with improper budget planning has been the main cause of the budget tensions Laos has faced over the past few years, Deputy Prime Minister Somdy Douangdy told parliament recently.[:]
ALO to become leading IT company in Laos
ALO Technology Sole. Co; Ltd is set to become an Information Technology leader in Laos and Asean countries following their official opening yesterday and the signing of an OEM Master License agreement with Microsoft OEM.
ALO is determined to become the number one choice fortechnology products and services, serving the public sector, retail and corporate markets in Laos and Asean, the company confirmed. Continue Reading
Enforcement of Contracts in Laos
[:en]Here in Laos there is a system of ‘notarising’ and ‘registering’ various documents that are used in everyday life and for business purposes, and is generally a requirement in enforcing contracts.[:]
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