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Laos closing Bt14 bn bond deal to fund infrastructure

LAOS has issued Bt14 billion in bonds in the Thai capital market in a placement that closes today, said Adisorn Singhsacha, founder and managing director of Twin Pine Group Co Ltd, a financial adviser on the deal.The issuance, by the Lao Finance Ministry, marks the ...

Somluck Srimalee

China’s Influence Steadily Grows in Laos, Weathering Political Change

When Laos’ National Assembly ratified the appointment of a new president and prime minister to lead the closed, one-party communist state in early 2016, most analysts viewed the political changes in Vientiane as signaling a shift away from its much larger and influential neighbor, China. ...

Michael Hart

Laos-China Railway Asks Govt Permission to Use Foreign Currency

The Laos-China Railway Company (LCRC) asked the government to address a number of pressing issues regarding railway operations, including the sale of train tickets and payment of transportation fees and other expenses in local currency. Due to the continued depreciation of the Lao kip, the ...

Phayboune Thanabouasy

Laos joins global celebrations to increase awareness about antimicrobial resistance

(KPL) To mark World Antimicrobial Awareness Week 2020 (Nov 18-24), representatives of the Ministry of Health, the Ministry of Agriculture and Forestry, the Ministry of Natural Resources and Environment, the Food and Agriculture Organization of the United Nations (FAO), the World Health Organization (WHO) and ...

KPL

New Mekong dam in Laos opens to protests, dried-out downstream

The first hydropower dam on the lower Mekong River began commercial operations in Laos on Tuesday amid protests from Thai villagers who say the Xayaburi Dam and several others in the works will destroy their livelihoods. The 1,285-megawatt Xayaburi Dam’s debut coincides with parts of the ...

Reuters

For Thai fishers facing dwindling catches, a Lao dam looms large

In the rustic old town of Chiang Khan on the Mekong River, a tourist haven in northeastern Thailand’s Isaan region, local fishing communities now live in fear of a proposed dam that threatens to devastate their livelihoods. The $2 billion, 684-megawatt dam would sit just 2 ...

Tom Fawthrop

Groups call for halt on construction of major dam in Laos

The environmental group International Rivers has called on Laos to suspend construction of a major dam on the Mekong River and to continue talks with its concerned neighbours downstream. The Don Sahong Dam, which would spread across the river just above the Cambodian border, is a ...

China, Laos to build community of shared future with strategic importance

China and Laos on Monday agreed to build a community of shared future with strategic importance during Chinese President Xi Jinping’s state visit to the Southeast Asian country.[]The two leaders agreed to carry out closer coordination under multilateral frameworks including the United Nations, the Asia-Europe ...

Xinhua Reporter

Thai investment in Laos hydropower reveals dire disconnect in the Mekong

Over the past year, the pace of hydropower development along the mainstream of the Mekong River in Laos has picked up, fuelled by long-term funding agreements. Chinese and Thai hydropower project investors have been signing Power Purchase Agreements (PPAs), which usually cover a 30-year period, ...

Ming Li Yong

Vietnam considers buying electricity from Laos to ease reliance on China

Vietnam may import electricity from Laos to minimize the risks from relying on Chinese imports and to offset supply shortages caused by cutting off power sources which pollute the environment. Deputy Prime Minister Trinh Dinh Dung has urged the Ministry of Industry and Trade to submit ...

ASEAN to become world's No. 4 economy by 2030: Laos PM

A new economic order will emerge by 2030, with Southeast Asia taking on a central role, Laotian Prime Minister Thongloun Sisoulith told business leaders in his nation’s capital on September 5. “Studies have shown that the ASEAN economy is expected to grow at 7% per annum, ...

Laos agrees to consult with neighbors on Don Sahong dam project

Laos has announced that it will submit the proposed Don Sahong dam on the Mekong River for “prior consultation” within a regional mechanism but will not suspend development of the controversial project that has been criticized by its neighbors and environmentalists. Previously, Laos has refused to comply with a ...

A rising chorus of voices condemns Laos’ planned Pak Beng dam

A damning review of plans for the controversial Pak Beng hydropower dam on the Mekong River in Laos was released this week by US-based advocacy group International Rivers, adding weight to calls for the project to be halted until new impact assessment studies are completed.The ...

China Pushes Free-Trade Zone in Mekong Region with Thailand, Laos

As the trade war with the U.S. intensifies, China is looking to strengthen commercial ties with countries in the Mekong region of Southeast Asia by setting up a free-trade zone on the border between Thailand and Laos. In the planned zone, Beijing will waive tariffs ...

Reporting, sharing false reports on floods violates Lao laws committee warns

The reporting and sharing of false information in the form of fake news reports or altered still or video images concerning the flooding in Attapeu province and any other localities across the country violates Lao laws, the National Ad Hoc Committee in charge of dealing ...

Vientiane Times

Chinese bank-funded school building handed over to local Lao community

VIENTIANE, Jan. 7 (Xinhua) — Teachers and students of Huaxieng village primary school in Lao capital Vientiane have been delighted with the new school building constructed with the funding from the Industrial and Commercial Bank of China (ICBC).More ...

zh

S Korean Firm to Launch Online Lottery Sales Platform in Laos

South Korean firm Kona I have teamed up with local lottery company Lao Toto to launch an online platform in Laos that will be designed to issue, draw and calculate lotteries.Kona I currently operates a mobile payment system in South Korea while Lao Toto has acquired ...

Taejun Kang

Korea International Cooperation Agency (KOICA) furthers support for Laos mapping project

SAVANNAKHET, Laos (Vientiane Times/ANN) – The Lao government and the Korea International Cooperation Agency (KOICA) have kicked off the Project for the Establishment of Geospatial Data Infrastructure and Capacity Building for Development of Special Economic Zones in Savannakhet province.The over 51 billion kip (US$6 million) mapping project in ...

Times Reporters

ADB, Lao PDR sign agreement to boost sustainable, climate-smart agribusiness

The Asian Development Bank (ADB) and the Government of the Lao People’s Democratic Republic (Lao PDR) signed an agreement yesterday for a $40.5 million grant for the Climate-Friendly Agribusiness Value Chains Sector Project that will help farmers and agribusinesses develop sustainable and climate-smart agriculture value chains in the country.More ...

ADB 

Laos, Int’l Red Cross raise profile of International Humanitarian Law

Government officials and representatives of the International Committee of the Red Cross (ICRC) met in Vientiane yesterday to discuss International Humanitarian Law.Participants were familiarised with the main humanitarian-related treaties, especially the Geneva conventions and their additional protocols, and with Lao adherence to those treaties.  More ...

Times Reporters

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