Latest Laos News
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Ex-USC professor on FBI most-wanted list captured in Mexico
A former University of Southern California professor on the FBI's most-wanted list for alleged sex crimes involving children was caught in Mexico, the FBI said. Bill Lewis, FBI assistant director in charge, said 64-year-old Walter Lee Williams was arrested Tuesday by Mexican authorities, The Los Angeles Times reported. The FBI said authorities have identified at least 10 of the alleged ...
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China to make joint effort with Vietnam to advance bilateral relations FM
Chinese Foreign Minister Yang Jiechi (2nd R) meets with Vietnamese Deputy Prime Minister and Foreign Minister Pham Gia Khiem (2nd L) in Bali, Indonesia, July 21, 2011. (Xinhua/Chen Duo)Chinese Foreign Minister Yang Jiechi said in Bali Thursday that China hopes to make joint effort with Vietnam to advance the bilateral relations on the right track. China and Vietnam have established a ...
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Vimpelcom attracts ‘concrete’ buyer for unwanted African assets Laos deal imminent
USD400 million. Although the deal has yet to be finalised, the agreement is said to be 'concrete'. Interestingly, the buyer is said to be a private equity investor, rather than one of the major telecom groups in the region that had previously been linked with a potential deal. Standard Chartered is advising Vimpelcom on the transaction, having been hired in 2012 to find a buyer for its ...
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Cambodia PM says garment firms may quit over wage rows
PHNOM PENH (AFP) - Cambodia's strongman Prime Minister Hun Sen on Wednesday warned garment workers that protests demanding higher wages could push manufacturers to quit the country. His appeal came after unions last week said hundreds of workers had been fired from a factory making sportswear for US giant Nike after a series of pay protests. Cambodian workers have repeatedly demonstrated ...
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Canberra adds to Cambodia tribunal funding
AUSTRALIA is to give $A3.25 million extra support to the UN-backed Khmer Rouge war crimes tribunal, the Extraordinary Chambers in the Courts of Cambodia (ECCC) ...
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Prison hunger strike by Vietnam revolutionarys son tests governments culture of intimidation
In this photo taken Monday, June 17, 2013, lawyer Nguyen Thi Duong Ha stands in the courtyard of her home in downtown Hanoi, Vietnam. Her husband Cu Huy Ha Vu is entering the fourth week of a prison hunger strike to protest alleged poor treatment. The statues seen in her background are of Vu's father, the poet Cu Huy Can, left, and his uncle Xuan Dieu, also a famous poet (right). Vu was ...
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Vietnamese President arrives in Beijing for visit
Vietnamese President Truong Tan Sang arrived in Beijing on Wednesday afternoon, kicking off his three-day state visit to China.Sang, as a guest of Chinese President Xi Jinping, will hold talks with Xi and other Chinese leaders on bilateral ties, regional affairs and international issues of common concern, according to Chinese Foreign Ministry.Besides Beijing, Sang will also visit Guangdong ...
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Cambodia unveils strategy to attract Chinese tourists - Xinhua
PHNOM PENH, June 19 (Xinhua) -- Cambodia's Ministry of Tourism on Wednesday finalized its 5-year strategic plan to attract at least 1.3 million Chinese visitors by 2018. Speaking at a seminar on Cambodia tourism marketing strategy targeting China, So Visothy, director of the Tourism Ministry's Marketing and Promotion Department, said that currently China is the third largest tourist ...
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Vietnam index closes up nearly 1 pct big firms lead
HANOI, June 19 (Reuters) - Vietnam's benchmark VN index closed up 0.9 percent on Wednesday, climbing for a second day as big cap firms recovered from losses and sentiment improved among investors, traders said. Expectations the National Assembly would approve a corporate tax cut from 28 to 22 percent during a house vote later Wednesday could give companies a boost and further lift the ...
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STOCKS NEWS THAILAND-Budget carrier Nok Air set for positive debut-brokers
Wed Jun 19, 2013 3:43am EDT Shares in low-cost airline Nok Airlines Pcl, a unit of national carrier Thai Airways International Pcl, are expected to rise on debut on the Thai main stock exchange on Thursday, due to the company's growth prospects and valuation appeal. "The pricing of 26 baht was not at the high end of the offer range. With a price-to-earnings valuation of around 11 times, ...
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COLUMN-Thailands rice scheme cutback doesnt go far enough Clyde Russell
Wed Jun 19, 2013 2:46am EDT --Clyde Russell is a Reuters market analyst. The views expressed are his own.-- By Clyde Russell LAUNCESTON, Australia, June 19 (Reuters) - The Thai government has finally done something sensible with its rice intervention scheme by trimming the amount of money it pays farmers for their crops. But don't for a minute believe the massive problems the scheme has ...
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Sino-Vietnam trade carries great potential
On invitation from President Xi Jinping, Vietnam's President Truong Tan Sang will kick off a three-day visit to China starting tomorrow. Analysts say, both China and Vietnam face similar risks and challenges at home and abroad and that both nations have great potential in boosting trade cooperation. China and Vietnam not only share a similar cultural background, but the two countries also ...
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Thailands controversial rice scheme to run until 2017
The Yingluck Shinawatra government has given in to heavy public criticism over the huge 130-billion-baht (US$4.22 billion) loss incurred through its controversial rice-pledging scheme, agreeing to reduce the minimal price from 15,000 baht to 12,000 baht per tonne. Payment for rice will be reduced from the end of this month - June 30 - till the end of the current crop season in late September, ...
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Bank warns of counterfeit cash in Laos
Vientiane (Vientiane Times/ANN) - Members of the public are asked to be alert when using kip notes after the Bank of the Lao PDR (BOL) officials discovered fake cash in circulation. BOL issued a letter this month warning the public to take precautions in the transaction of 50,000, 20,000 and 10,000 kip notes, with scammers counterfeiting notes and using them in society. Bank officials found the ...
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STOCKS NEWS THAILAND-Thaicom flat company expects higher 2013 profit
Wed Jun 19, 2013 12:10am EDT Shares in satellite operator Thaicom Pcl were unchanged at 32 baht after climbing at one point to 33 baht following a forecast of higher profit from the company. The tech subindex fell 0.4 percent, erasing earlier gains, while the main Thai stock index, which climbed more than 1 percent earlier, was down 0.3 percent. Thaicom expects strong growth in earnings this ...
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Dugong disappearing fast from southern Thailand
Trang's dwindling dugong population is now threatened with extinction as the Seagrass meadows it feeds upon in the waters around Koh Libong have shrunk to 7,306 square rai. Trang is in the south of Thailand and is known for its jungles, mountains, waterfalls and beaches. The head of Trang's Marine and coastal resources conservation centre, Prachuap Mokharat, said yesterday that a ...
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US offers to help Vietnam fight emerging epidemics
US Secretary of Health and Human Services Kathleen Sebelius has said her country is committed to working with Vietnam to combat emerging epidemics, especially infectious diseases, and to promote the transfer of technology to fight HIV/AIDS. Received by Prime Minister Nguyen Tan Dung in Ha Noi yesterday, Sebelius stressed that the US and Vietnamese health sectors enjoyed close collaboration ...
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Thailands Songkhla ranked fourth highest in human-trafficking
The Royal Thai Police revealed that Songkhla ranked fourth in terms of the number of areas most at risk of human-trafficking crimes at 642, after Bangkok's 1,108, Chumphon's 997 and Prachuap Khiri Khan's 848 locations. This report prompted Social Development and Human Security Minister's secretary Anusorn Eiamsa-Ard to visit the province for inspection yesterday, where he ...
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Vietnam China have huge potentials for cooperation Vietnamese President
Vietnam and China "have huge potentials for further speeding up cooperation in the future," Vietnamese President Truong Tan Sang, who will start his three-day state visit to China from Wednesday at the invitation of Chinese President Xi Jinping, said in an interview with Xinhua and other Chinese media on Tuesday."Vietnam and China are close neighboring countries. The two peoples ...
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French amphibious assault vessel visits Vietnam
The French Navy's most modern amphibious assault vessel, Tonnerre, docked at Baria Serece port in Vietnam's southern coastal Ba Ria-Vung Tau province on Tuesday, Vietnam's state-run news agency reported.Tonnerre along with the anti-submarine frigate Georges Leygues, which docked at Ho Chi Minh City's port, are visiting Vietnam as part of activities to mark the 40th ...
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Ex-UNESCO chief visits Cambodias World Heritage Preah Vihear temple
Koichiro Matsuura, ex-director general of the United Nations Educational, Scientific and Cultural Organization (UNESCO), on Tuesday visited Cambodia's Preah Vihear temple, a world heritage site, a Cambodian spokesman said.Dim Sovannarom, spokesman for the 37th session of the World Heritage Committee (WHC), said that Koichiro Matsuura, accompanied by Dr. Jiang Mingjun, President of the ...
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Vietnam China to enhance ties
/enpproperty--> HANOI -- Vietnam and China "have huge potentials for further speeding up cooperation in the future," Vietnamese President Truong Tan Sang, who will start his three-day state visit to China from Wednesday at the invitation of Chinese President Xi Jinping, said in an interview with Xinhua and other Chinese media on Tuesday. "Vietnam and China are close ...
Laos Digest
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Laos looking ahead
The new stock exchange in Laos may be a sign of changes to come in our otherwise centrally-run economy.
Laos is one of the poorest countries in South East Asia, but as the globally economy recovers and commodity prices pick up, the country looks set for a future of relatively strong growth, if not widespread prosperity, and this has been exemplified in the government’s recent decision to open a stock exchange in the country, which it is hoped will bring much-needed capital flowing into the country to fund investment projects in industry and infrastructure, catalysts for further growth in the economy. Read more
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