The Lao government has increased the country’s monthly minimum wage from Kip 900,000 (US$108) to Kip 1,100,000 (US$132) with effect from May 1, 2018. While this is the third such raise in the last eight years, the revised wages are still significantly lower than those in neighboring countries in ASEAN.
Landlocked Laos is among the poorest economies of the world. Yet, in terms of gross domestic product (GDP), the economy continues to soar. Read more about Laos’s latest FDI trends and outlook for 2018 in our latest article.
For expatriate workers and their employers in Laos, understanding the process to obtain a business visa and employment permit is essential. Read more about the various business visas and employment permits issued to expatriates planning to work in Laos.
In this week’s ASEAN Regulatory Brief, we highlight Laos’ incentives for tourism sector investors, discuss Brunei’s latest Halal regulations, and focus on the lifting of the livestock export ban in Myanmar.
As Laos continues to integrate its market and regulatory system within ASEAN, the ease of doing business for both importers and exporters will continue to improve. In this article we explain best practices for importing into and exporting out of Laos.
In this week’s ASEAN Market Watch, we analyze Korean investment in Laos, focus on Cambodia’s local infrastructure investment, and discuss Thailand’s retail sector.
In this week’s ASEAN Market Watch, we highlight the growth prospects of Singapore’s economy, discuss Laos’ measures to revive its tourism industry, and analyze the Philippines government’s infrastructure push.
In this week’s ASEAN Regulatory Brief, we highlight Malaysia’s cabotage policy exemption for Sarawak, Sabah and Labuan; analyze the Philippines’ comprehensive tax reform proposals; and focus on recent changes to Laos’ land concession regulations.
In this week’s ASEAN Regulatory Brief, we discuss Singapore’s recent adoption of Anti-Bribery Standard, highlight the introduction of e-work permit smart cards for migrant workers in Thailand, and focus on latest developments related to Laos’ bid to gain access to the sea.
In this week’s ASEAN Market Watch, we highlight fresh FDI surge in the Philippines, discuss growth prospects of Malaysia’s construction sector and analyze the slight decline in Laos’ tourism revenue.