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Laos targets almost 9 billion USD in trade value

Laos will strive to reach a trade value of 8.94 billion USD in 2017, said Minister of Planning and Investment Souphanh Keomixay.
Laos targets almost 9 billion USD in trade value ảnh 1A street in Vientiane (Photo: alamy.com)

Hanoi (VNA) – Laos will strive to reach a trade value of 8.94 billion USDin 2017, said Minister of Planning and Investment Souphanh Keomixay. Accordingly,Laos will increase export earnings to over 4.45 billion USD, while keepingimport value at 4.48 billion USD. To reachthe target, the Lao Government will focus on production and ensuring that Laoproducts meet international standards, especially in the farm produce processingand garment-textiles industries, the minister said. Besides, thecountry needs to complete construction of 12 hydropower projects with total designedcapacity of 468.4 MW by the end of 2017. In relatednews, the Lao Government is mapping out an ambitious project to build a 585-km expresswayfrom the capital city of Vientiane to Champassak province. Laoofficials said the Government will enable private and foreign businesses tojoin the project in the form of Build-Operate-Transfer (BOT).-VNA 
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Malaysia's Petronas Twin Towers (Photo: AFP)

Malaysia plans sales, service tax hikes

The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
Philippines seizes 175 million USD meth haul

Philippines seizes 175 million USD meth haul

Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
Permanent Secretary of the Thai Ministry of Commerce, Vuttikrai Leewiraphan. (Photo: thainews.prd.go.th)

꧅ Thailand engages USTR on five-point trade proposal

Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
(Photo: Malay Mail/Firdaus Latif)

Malaysia sues Telegram over harmful content

This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
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