Reposted from Vientiane Times
European Council on Tourism and Trade (ECTT) presented Laos for ‘World’s Best Tourist Destination for 2013′.
By Somsack Pongkhao
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…
Reposted from The Phnom Penh Post
By Low Wei Xiang
7-Eleven will be entering the Cambodia market by 2015
Thailand’s biggest convenience store operator, CP All, plans to apply for licences to open 7-Eleven stores in countries including Cambodia by 2015, according to a Reuters news report yesterday. More…
Reposted from Fox Business
By R. Jai Krishna
If Bharti Airtel does get a license, Myanmar will be its third South Asian market outside of India
“We have sent our expression of interest in acquiring a mobile phone services license to the Myanmar government,” the executive, who asked not to be named, told The Wall Street Journal. More…
Interview Conducted by Capitalist Exploits
Investing in frontier markets is a challenge due to lack of liquidity and significant set-up times. One way to circumvent these problems is to Invest in other people’s expertise through a managed fund.
We work hard to associate ourselves with smart individuals where we can reciprocate value. This not only gives us opportunities to put capital to work, but provides us the ability to grow a powerful network filled with influential people. More…
Reposted from Bangkok Post
More Koreans choose to go to Laos to play golf.
A big jump in South Korean tourist arrivals in Laos is being attributed to the lure of new golf courses in Luang Prabang, the ancient capital, and in Vientiane. Korean investors have built and now manage several golf courses in the land-locked communist country, where land and water are still abundant and labour is cheap. More…
Reposted from The New York Times
3 projects involving Chinese companies in Cambodia totaling $11.2 Billion
PHNOM PENH — Two Chinese companies have reached a deal to build a 400-kilometer rail line, a steel plant and a seaport in Cambodia, worth a combined $11.2 billion, in what would be by far the impoverished country’s biggest-ever investments. More…
By John Enos
Laos’ impressive economic growth is beginning to pique investor’s interests
Laos – the sleepy, land-locked nation often overlooked in favor of neighboring Thailand or Vietnam – is finally garnering the international attention that it deserves. The “Jewel of the Mekong” posted 8.0% GDP growth in 2011 and has been the fourth steadiest-growing economy in the world over the last nine years. Despite being the smallest economy in Southeast Asia, it is also slated to be the fastest-growing in the region this year, on track to post 8.3% GDP growth according to the IMF. More…
The expansion of the Theun Hinboun Power Plant in Lao PDR
By Brian Langis
Laos is getting pampered in the financial media with favorable investment headlines and perspectives filled with rosy economic data and statistics. It is comforting to read especially when you have been exposed to recent US and EU investment disaster stories. It is very common to see the headline: “Laos the not-so-sleepy-country anymore” or “Laos is finally waking up”. Sound like a very familiar story? Cautious radars might be going off being reminded of other investments in the region that have gone awry, most recently in Vietnam. More…
Reposted from The Phnom Penh Post
Airports of Thailand (AOT) regards possible co-operation with Myanmar’s Airport Authority as a first step for engaging in airport operations and investment in Laos and Cambodia, the Bangkok Post reported AOT’s acting president, Somchai Sawas-deepon, as saying. More…
Reposted from Rapid TV News
Laos consumers’ increasing interest in flat TVs will change the TV segment.
By Louise Duffy
Consumers in Laos, one of the lesser developed TV markets in south-east Asia, are slowly but surely making the transition from buying traditional CRT TVs to flat panel TVs. According to analyst firm GfK, TV sales in capital city Vientiane for the third quarter of this year saw a 20% increase in overall share of the flat panel TV segment from the 47% reported in the previous quarter. More…