Latest Laos News
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RPT-Vietnam gives green light for bad debt bank
Tue May 21, 2013 7:41am EDT (Repeats to more subscribers) * Asset firm aimed at boosting banks' lending * Experts say Vietnam's real NPL ratio far higher HANOI, May 21 (Reuters) - Vietnam's government approved on Tuesday the formation of an asset management firm to buy bad debt from its troubled banks, an official said, a move that could help stimulate an ailing economy growing at ...
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Oil production starts offshore Vietnam
Canadian company Talisman Energy said it expects to produce 15,000 barrels of oil per day from its newly launched development offshore Vietnam. Talisman said it started oil production at the offshore Hai Su Trang and Hai Su Den development ahead of schedule. Once the facilities are commissioned, the company expects gross production to reach 15,000 bpd. "We are delighted to have achieved ...
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STOCKS NEWS THAILAND-CIMB ups SET index target after banks telecoms earnings beat
Tue May 21, 2013 5:20am EDT CIMB Securities (Thailand) raised its 2013 target for the benchmark SET index to 1,810 from 1,700, reflecting better-than-expected first-quarter earnings of banks, telecoms and construction contractors, and good earnings outlook for the year. The first-quarter core net profit for the companies in its universe rose 8 percent year-on-year and 32 percent ...
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Vietnam Again Escapes Blacklisting As State Dep’t. Cites ‘Positive’ Moves on Religious Freedom
Ambassador-at-large for international religious freedom Suzan Johnson Cook cited Vietnam as an example of a country where "positive developments" have taken place in the area of religoius freedom. (Image: State Department) (CNSNews.com) - At a time when Vietnam's communist authorities have introduced new regulations placing burdensome bureaucratic restrictions on religious ...
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Proposed high-speed rail network a high investment for Laos
High-speed railway lines connecting Thailand, Laos and China might soon become a reality after the Thai cabinet met with its Lao counterparts in Chiang Mai earlier this ...
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Migrant Workers Face Tough Times in Thailand
- On the outskirts of the northern Thai city of Chiang Mai, a group of twelve migrant families lives in a makeshift camp comprised of houses constructed from scrap ...
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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