Daelim Industrial is set to enter the Laotian water market.
Daelim Industrial is set to enter the Laotian water market by signing an agreement with the government to improve water supply and sewage systems in the Southeast Asian nation. The company said this on May 15, adding the project would mostly involve consulting and planning. More…
The first cooling tower of Hongsa power plant in Laos is completed.
Firm seeks quick cash flow in region
Banpu, with more than Bt10 billion of cash in hand, is looking to expand its regional presence with a focus on existing power plants and coal mines. “Investment targets must be able to generate cash flow immediately after the transaction,” said Chanin Vongkusolkit, chief executive officer of the energy company, which now operates in six countries: Thailand, Laos, Indonesia, China, Australia and Mongolia. More…
The construction of the International Airport will begin in Attapeu province.
Hoang Anh Gia Lai Joint Stock Company on May 10 signed an agreement with the Civil Aviation Department, Ministry of Public Works and Transport, on the construction of the International Airport in Attapeu province. The signatories of the document, subscribed in Vientiane Capital, were Director of the Department of Civil Aviation Mr. Yakoua Lopangkao, and Vice President of the Hoang Anh Gia Lai Joint Stock Company, Mr.Nguyen Van Minh. Relevant officials of both sides witnessed the signing. More…
European Council on Tourism and Trade (ECTT) presented Laos for ‘World’s Best Tourist Destination for 2013′.
There was a great sense of pride across the country after the European Council on Tourism and Trade (ECTT) presented Laos with the council’s award for ‘World’s Best Tourist Destination for 2013′ in Vientiane yesterday. Professor Dr.Anton Caragea hands over the award to Professor Dr.Bosengkham Vongdara at the Don Chan Palace hotel in Vientiane yesterday in the presence of Deputy PM Mr.Asang Laoly, Deputy PM Dr.Thongloun Sisoulith and other high-ranking officials. More…
One of the key drivers of Lao’s growth has been legal and economic policies.
With all the hype surrounding Myanmar these days, investors could be forgiven for not paying as much attention to Thailand’s northeastern neighbour. A number of exciting developments took place in Laos in 2012 and more are in the pipeline this year. As a result, there is a strong argument for investment in this country of 7 million that is far from having reached its potential. More…
The Laos government encourages the natural resource and environmental sectors to work closely with development partners.
To manage natural resources and protect the environment, the government is encouraging the natural resource and environmental sectors to work closely with relevant groups and development partners. Representatives from civil, social, government organisations and development partners gathered in Vientiane on Friday to discuss the achievements and work plan of the natural resource and environment sectors as well as challenges and recommendations to be implemented within the sector. More…
The Nam Ngum reservoir in Vientiane province.
Authorities in Vientiane province plan to develop a site at the Nam Ngum reservoir as a tourist destination, with several domestic and foreign investors expressing interest in the project. More…
U.S. $5 Billion Loan for Rail Project is worth more than half of Laos’ GDP.
A U.S. $5 billion dollar loan for construction of a rail link across southern Laos between Thailand and Vietnam has reportedly been approved. The loan is worth more than half of Laos’ total Gross Domestic Product. New Zealand group Rich Banco Berhad has apparently approved the loan to Malaysian-based Giant Consolidated, which will build the 220-kilometer track linking the two borders. However, details surrounding the deal, the bank and its relationship with the Malaysian group are sketchy at best. More…
Laos’ natural resources and access to Thailand’s growing consumer market attract Chinese investors.
It looks like Laos, China’s tiny landlocked southern neighbour, is about to find out whether sharing a border with China is a good thing. Laos has two things China needs – natural resources such as potash and hydropower, and access to Thailand’s large and growing consumer market. Perhaps that is why China is so keen to provide a $7.2bn loan to the small communist country for a long-awaited controversial high-speed rail project between the two. More…
The Asian Development Bank (ADB) has forecast Laos’ economic growth at 7.7 percent in 2013 and 2014, higher than the region’s average.
The Asian Development Bank (ADB) has forecast Laos’ economic growth at 7.7 percent in 2013 and 2014, higher than the region’s average. ADB’s flagship annual economic publication, Asian Development Outlook 2013, released on Tuesday in Laos’ capital city of Vientiane, identifies the electricity and mining sectors as the primary drivers of Laos’ strong growth rate. More…
