Latest Laos News
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STOCKS NEWS THAILAND-Shin Corp retreats after MSCI deletion announcement
Wed May 22, 2013 12:30am EDT Shares in telecoms group Shin Corporation Pcl fell 2.6 percent to 94.25 baht after brokers said the stock would be removed from index provider MSCI's addition list as part of its semi-annual index review. MSCI announced on its website that Shin Corporation would not be added to the MSCI Thailand index because its free-float adjusted market capitalisation was less ...
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Vietnam to co-operate with Asia-Pacific countries in managing scarce water
Vietnam is willing to co-operate with countries and exchange experiences in managing water resources and coping with natural disasters.Deputy Prime Minister Nguyen Thien Nhan said this at the plenary session of the second Asia-Pacific Water Summit (APWS) in Chiang Mai, Thailand, yesterday.Nhan said Viet Nam, like other countries in the Asia-Pacific region, was facing great challenges in water ...
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Vietnam airport customs officers seized over 5kg rhino horns
More than 5kg of rhino horns were seized by customs officers at the Tan Son Nhat Airport in Vietnam yesterday.Vietnamese customs officers and policemen found six rhino horns weighing over 5kg hidden in the baggage of a passenger on a flight operated by Vietnam Airlines from Paris to Ho Chi Minh City.In his declaration, the owner of the rhino horns said he was not aware of the value of the rhino ...
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Lao to organise biggest rocket festival
The Nonhinhae village in Vientiane, Laos will organise what has been called 'the biggest rocket festival ever' on May 25.The biggest rocket set to be fired into the sky at the weekend festival has been described as the biggest ever fired in Laos. It is less than three hours drive from Vientiane to the district.News about the festival, locally known as boun bang fai teu has spread to ...
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Laos Australia work to combat transnational crime
Law enforcement officers from Laos and Australia will work in closer cooperation to combat transnational crime, with a specific focus on the suppression of trafficking in narcotics and other illicit substances.Australia Federal Police (AFP) officers based in Vietnam are currently passing on their knowledge and experience regarding counter trafficking efforts and drug law enforcement to Lao ...
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STOCKS NEWS THAILAND-BEC World drops after block trades
Tue May 21, 2013 11:34pm EDT Shares in broadcaster BEC World Pcl dropped 6 percent to 67 baht after block trades at a lower-than-market price of 66 baht on average, according to Thai stock exchange data. BEC's shareholders planned to sell 80 million shares in block trades at 66 baht each in the morning session, broker Maybank Kim Eng Securities said in a report. The broader SET index was ...
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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