Latest Laos News
RSS-
STOCKS NEWS THAILAND-Bank of Ayudhya up after Japan MUFG stake bid report
Thu May 23, 2013 12:34am EDT Shares in Bank of Ayudhya Pcl rose after a local newspaper cited a financial market source as saying that Japan's Mitsubishi UFJ Financial Group (MUFG) had offered to acquire General Electric's stake in the Thai bank at 40 baht per share. The potential acquisition of the 25.3 percent stake, or around 1.54 billion shares, from GE Capital International Holding ...
-
Energy officials in Laos look at best practice in hydropower sustainability
Lao government energy officials yesterday met with hydropower experts from around the world to discuss ways to advance sustainable hydropower development. The talks between Deputy Minister of Energy and Mines Viraphonh Viravong, his delegation and hydropower experts took place this week during a meeting of the International Hydropower Association (IHA) in Kuching, Sarawak, Malaysia. "We ...
-
Lao capital Vientiane eyes 12.6 per cent growth this year
Vientiane, the capital and largest city of Laos, is on track for economic growth of 12.6 per cent this fiscal year, with per capita GDP projected to reach US$3,300, higher than anywhere else in the country. To achieve this goal, the Vientiane Party Committee and authorities at all levels need to successfully operate all state investment projects that are approved this year, in line with the ...
More Laos News
RSS-
ADB urges Laos to ensure better land management
The Asian Development Bank has urged the Lao government to strengthen its capacity to manage land and natural resources in order to ensure the sustainable growth of the Lao economy in the longer term. According to the bank's recently released Asian Development Outlook report, the Lao government is experiencing difficulties managing land concessions after allowing private sector investors ...
-
Vietnam-France relations edge closer
Vietnamese Prime Minister Nguyen Tan Dung yesterday hailed Vietnam's valued relationship with France and declared that the two nations are making efforts to develop their ties to the strategic partnership level in 2013. The PM made the comments at a meeting with the former French Prime Minister Dominique de Villepin, who is on an official working visit to the country. Dung declared ...
-
South Thailands blackout not a reason to build plants
An academic yesterday warned the government against trying to use the recent power blackout in the South as an excuse to push ahead with the construction of more power plants. Several current power-plant projects face opposition from locals. "Various agencies have now given conflicting information, especially in regard to power demand in the South," assistant professor Prasart Meetam ...
-
Thawatchai Arunyik named next governor of Tourism Authority of Thailand
BANGKOK, Thailand - Thawatchai Arunyik, deputy governor for domestic marketing at the Tourism Authority of Thailand, has been selected as the TAT's next governor to replace Suraphon Svetasreni, whose contract with TAT will end on December 21. The decision to appoint Thawatchai to the top post at the state enterprise will not come as a surprise to the tourism industry, as he had been seen ...
-
Thailand tourism up from January to April
International tourist arrivals to Thailand posted a growth of 19.04% during January to April this year, according to Ministry of Tourism and Sports' data. Released late last week, the ministry's research registered 8,841,730 trips to the country during the first 4 months, up from 7,427,772 visits during the same period last year. In April alone, there were 2,013,012 trips, up 19.38% ...
Laos Digest
-
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
News from around our Network
