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World Bank grant aims to overhaul statistics system in Laos
The World Bank has agreed to provide a grant of US$8 million grant to further support the Lao government's efforts to strengthen the National Statistical System and improve the production, availability and use of high-quality statistics.The agreement was signed in Vientiane on Friday between Deputy Minister of Finance Santiphab Phomvihane and World Bank Country Manager to Laos Keiko ...
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Laos to draft new five-year development plan
The Lao government has set a target for economic growth of 8.5 to 9 per cent annually from 2016 to 2020 as it prepares to draft the eighth five-year national socio-economic development plan.Officials at the Ministry of Planning and Investment said last week the government had assigned them to start drafting the new plan so that it would be ready for consideration and approval at the end of 2015 ...
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Laos steps up efforts to increase forest cover
Lao Minister of Agriculture and Forestry Vilayvanh Phomkhe has instructed his officials to work closely with local authorities to ensure everything is ready for this year's tree planting.The minister issued an order on May 7 ahead of National Tree Planting Day, which falls on June 1. The order aims to bolster government efforts to increase forest cover to 65 per cent of the total land area ...
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Musicians rebuild Cambodias lost ancient harp
A Cambodian composer has revealed the sound of an ancient harp which has gone unheard for more than eight centuries.The pin harp is shown being played by maidens in the stone reliefs on the walls of the Angkor Wat temple complex.It lends its name to pinpeat orchestras, which perform ceremonial music of the royal courts and temples in Cambodia.Archaeology lecturer Preap Chanmara says unlike the ...
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Thailand concerned over high speed rail project delays
Thailand’s leaders say they’re concerned delays of the high speed rail link between Thailand and Laos via China could continue, after the Laos side placed the project on hold over Chinese involvement. Speaking at a Thai and Laos cabinet meeting last week, Thailand Prime Minister Yingluck Shinawatra said his cabinet has convened with Lao’s government about the delay, and ...
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Four arrested for hotel blast in southern Thailand
Four suspects were arrested yesterday in connection with an explosion at a Narathiwat hotel in the morning that left six people injured. The bombing took place at around 11am at Asia Hotel, in Sungai Kolok district of the southernmost Muslim-majority province. Room Nos 306 and 307 on the third floor of the hotel were severely damaged. The impact of the explosion brought down the ceilings of ...
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Red-shirts mass rally held in capital of Thailand
Thousands of supporters of the United Front for Democracy against the Dictatorship (UDD), or the Red shirts, rally to commemorate the third anniversary of the military crackdown on the anti-government protesters in the main shopping district of Bangkok, capital of Thailand, May 19, 2013. (Xinhua/Gao ...
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Vietnam successfully tests flights of unmanned aircraft
Made-in-Vietnam unmanned aerial vehicles successfully flew over Vietnam's Central Highlands Lam Dong province, local media reported.Specifically, after three days of tests, from May 17-19, in Da Lat city and Lac Duong district of Lam Dong province, six vehicles made by the Vietnam Space Technology Institute, under the Vietnam Academy of Science and Technology (VAST), successfully made 37 ...
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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