News
Govt waives visas for Scandinavians for Visit Laos Year 2018
The unilateral visa exemption will take effect for just one year from January 1-December 31, 2018, for the duration of Visit Laos Year 2018.Keep reading ...
The Nation Reporter
Laos still attractive to Vietnamese investors: minister
Vietnamese businesses still think Laos is an attractive destination and will continue to invest in the country despite a slowdown in out-bound investment, Vietnamese Minister of Planning and Investment Nguyen Chi Dung told Lao Prime Minister Thongloun Sisoulith in Vientiane on December 16.Keep reading ...
VietnamNet Reporter
Thailand pushes for high-speed rail link with China to be used for freight
The first phase of a delayed high-speed rail link between China and Thailand is back on track after its environmental impact assessment was approved – but now doubts have been cast over whether it will have enough passengers to warrant its US$5.2 billion price tag.[]It ...
Wendy Wu
High-speed Rail Project Will Force Thousands of Lao Families to Relocate
More than 4,400 Lao families are being forced to relocate to make way for the U.S. $6 billion Lao-Chinese high-speed railway whose construction began nearly a year ago as part of a longer rail project that will link China to mainland Southeast Asia, a public ...
Roseanne Gerin
Laos merely a bystander as China pushes Belt and Road ambitions
An ambitious $6 billion high-speed railway project in Laos that would link China with the Laotian capital of Vientiane on the Thai border is meant to be a symbol of cooperation under Chinese President Xi Jinping’s flagship Belt and Road Initiative. But with Beijing calling ...
Marimi Kishimoto
World Bank cuts growth forecast for Myanmar amid slowing investments
[] “Myanmar’s macroeconomic environment remains stable, though economic growth is slowing to 5.9pc in 2016-17 compared to 7pc in 2015-16, weighed down by slower investment demand,” the Washington-based lender noted.Despite notable reforms and strong foreign investment commitments, investment demand decelerated as private investors bided their time ...
Thompson Chau
PDI plans investments in two Lao hydropower plants
Padaeng Industry Public Co Ltd (PDI) plans to further expand its capacity to generate renewable energy by signing a memorandum of understanding to jointly invest in two hydropower plants in Laos with a total capacity of 114 megawatts. PDI signed an MoU with EDL-Generation Public ...
The Nation News Staff
Laos and Cambodia: the China dance
Laos and Cambodia are often seen as little more than political twins who have chosen to reap economic benefits from China in exchange for their loyalty to the Middle Kingdom – and choosing this alliance over maintaining consensus with their ASEAN family. Keep reading ...
Johanna Son
Laos is 'world's fastest growing' ivory market
The fastest growing ivory market in the world is now Laos, according to an investigation by Kenya-based group Save the Elephants. China is banning all ivory trade by the end of 2017, but business is booming in neighboring countries. Investigators visited a Chinese casino resort ...
Alastair Leithead
New ADB-Lao PDR strategy to support inclusive, sustainable growth
The Asian Development Bank’s (ADB) Board of Directors has endorsed a new 4-year country partnership strategy (CPS), which is expected to deliver $421 million in assistance through 2020 to the Lao People’s Democratic Republic (Lao PDR).The new CPS will help the country achieve more inclusive ...
The Financial News Staff