MPC ups GDP growth forecast, keeps policy rate

The Bank of Thailand’s Monetary Policy Committee revised up its forecast for this year’s economic growth to 3.4 per cent based on a further recovery of merchandise exports, while leaving the benchmark interest rate unchanged at 1.50 per cent at its meeting on March 29. Jaturong ...

ASEAN, Russia assess progress of cooperation

The Ministry of Foreign Affairs yesterday hosted the 14th ASEAN-Russia Senior Officials’ Meeting in Vientiane to review the progress made in the countries’ cooperation. The meeting was co-chaired by Deputy Minister of Foreign Affairs, Mr Thongphane Savanphet, who is also Laos’ ASEAN SOM Leader, and ...

New tourist attraction to boost economy in Khong district

Authorities in Khong district, Champassak province, are confident that a new tourist attraction will help to draw more visitors and generate income for public and private investors. Now a riverside beach in the district’s Don Than village is becoming the latest tourist destination in the ...

Automakers hopeful of boost as motor show kicks off today

The 38th running of the annual Bangkok International Motor Show kicks off today at Impact Muang Thong Thani with automakers crossing their fingers for the market to continue growing after finishing last year with a slight shrinkage. Altogether 768,788 vehicles were sold in the domestic ...

Alibaba plans trade centre in Thai

E-commerce giant Alibaba Group is still investing in Thailand, planning to set up a regional electronic-trade centre and logistics system here to link Cambodia, Laos, Myanmar and Vietnam markets, Industry Minister Uttama Savanayana said. In response to China’s biggest e-commerce company also setting its foothold ...

ASEAN-China talks set for Cambodia

Cambodia will host the 20th ASEAN-China meeting aimed at boosting further discussions on the Declaration on the Conduct of Parties in the South China Sea which could lead to finalizing the framework of the Code of Conduct. The two-day meeting of the joint working group on ...

$5 mil Smart fund launched for start-ups

Smart Axiata, Cambodia’s leading telecommunications company, on March 28 launched a $5 million venture capital fund for digital service companies and start-ups in the country. The Smart Axiata Digital Innovation Fund aims to meet demands for cash and expertise as the number of Cambodian digital entrepreneurs increases ...

Border crossings surge at Saravan entry point

Great changes are in evidence since the Lalay border crossing was upgraded to an international checkpoint between Saravan province in Laos and Quang Tri province in Vietnam in June 2014. Director of the Saravan provincial Department of Information, Culture and Tourism, Mr Somchay Ounchit, told ...

Ease irksome barriers to enhance business environment, PM advises

The Prime Minister has urged line ministries to remove any unnecessary barriers to help boost the country’s business environment and promote domestic and foreign investment. The government is trying to develop a favourable business environment and simplify unnecessary procedures that are a hindrance to the ...

Land issues, SME promotion dominate Party meeting

The leadership of the Lao People’s Revolutionary Party has told the government to continue to prioritise the addressing of land issues along with greater promotion of small and medium enterprises (SMEs) to boost the economy. The Party leadership gave the advice at the fourth Plenary ...

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