Economy and commerce
Asia houses 50% of the world’s most expensive cities
Asian cities dominate the list and five Asian cities are among the top 10 cities which are most expensive to live, as per the Economist Intelligence Unit’s Worldwide Cost of Living Survey. Singapore and Hong Kong retained the top two spots and Seoul came in sixth. ...
Luxembourg injects 23m euro to develop rural areas
The government of Luxembourg has granted 23 million euro (205 billion kip) to Laos to carry out local development projects in four target provinces. The programme aims to improve infrastructure and nutrition, ease poverty, and bolster sustainable environmental management as outlined in the 8th national socio-economic ...
Connectivity key to ASEAN growth
Southeast Asian business and political leaders meeting in Phnom Penh on May 11 said multilateral connectivity, both physical and digital, was needed to ensure that ASEAN’s development and growth was not restricted by national borders. Delegates attending the second day of the World Economic Forum on ...
Lao, Cambodian PMs vow mutual support, enhanced security cooperation
Visiting Prime Minister Thongloun Sisoulith and his Cambodian counterpart Samdech Hun Sen on Wednesday agreed that Laos and Cambodia would continue to extend mutual support and assistance to drive the two nations’ development. The two premiers met during Mr Thongloun’s visit to Cambodia to attend ...
Good infrastructure vital for ASEAN
The availability of good infrastructure at the national level of ASEAN countries is a prerequisite if they are to benefit from regional economic integration, delegates told a panel at the World Economic Forum on ASEAN on May 11. “Better physical infrastructure development in the country ...
ASEAN hails a regional techno future
ASEAN leaders at the World Economic Forum said on May 11 they strongly believed that the Fourth Industrial Revolution would spark a new momentum in the region after 50 years of tremendous growth. Prime Minister Hun Sen, who is hosting the WEF on ASEAN, said in his ...
Lao PM visits Malaysia to boost ties
Lao prime minister Thongloun Sisoulith and his delegation were on an official visit to Malaysia from Tuesday to May 10 at the invitation of Prime Minister Najib Tun Abdul Razak. This is Thongloun’s first visit to Malaysia since taking the top government post a year ago. His ...
PTT subsidiary GPSC plans EV battery plant
Global Power Synergy, a subsidiary of PTT, plans to set up a factory in Thailand next year to make batteries for electric vehicles, PTT president and chief executive officer Tevin Vongvanich said recently. He said the company’s board visited a battery plant in the US city of ...
Three EEC projects to be proposed
A working group on the Eastern Economic Corridor set up by the Cabinet plans to propose to the EEC Committee at the end of this month that it open opportunities for the private sector to join in the development of three infrastructure projects worth a ...
President to attend Road and Belt Forum in China
President Bounnhang Vorachit will attend the Belt and Road Forum for International Cooperation taking place from May 14 to 15 in Beijing, while economists say China’s Belt and Road Initiative will benefit the Lao economy. The president will lead a high-level delegation from Laos to ...
