OEK will not rush consideration of high-end accommodation measure
Lawmakers will not rush consideration of the high-end accommodation legislation introduced by President Remengesau but instead will thoroughly review the measure to ensure that concerns brought up about the bill will be addressed.
Remengesau last week proposed a law permitting foreign investments in accommodations to be limited to only five-star hotels and resorts. The measure aims at attracting luxury travelers. While, the proposed measure requires future investments to be built with strict guidelines, the government in return would provide tax breaks for the businesses.