Laos, Malaysia and Thailand have agreed to expand a trilateral power deal, under which Lao electricity will be sold to the Malaysians via the Thai grid, Thailand’s minister of energy said Thursday. “Thailand, Laos and Malaysia achieved a new purchase deal, raising the capacity from 100 to 300 megawatts,” Sontirat Sontijirawong, Thailand’s minister of energy, […]
Read MoreLaos has launched a project to offer free Wi-Fi at landmarks in its capital Vientiane in a move to cater to not only the general public but also foreign visitors. The project, supported by the Asia-Pacific Telecommunity (APT,) will enable visitors to use the internet at frequently visited locations such as Wattay International Airport, Namphou Fountain, and […]
Read MoreLaos, home to one of the largest gold mines in the world, is set to see a new gold mine operation commence in Xaysomboun Province, with a feasibility study and exploration already underway. The new gold mine project involves the development of infrastructure and other facilities at a 234.6 square kilometer site at Naty Village […]
Read MoreThe Lao government has stressed the need to tighten the management of currency exchange rates amid the widening gap between the official and market rates. In a media release issued at the end of the cabinet’s monthly meeting on August 19, the government said the increasing gap between the official and market exchange rate is […]
Read MoreLaos’ current account deficit is expected to widen to 12 per cent this year as imports are projected to grow faster than exports, according to a recent report from the World Bank. The rising trade deficit is driven by strong demand for imports relating to investment in mega infrastructure projects, particularly the under-construction Laos-China railway. […]
Read MoreLaos has won over foreign investors in the latest arbitration of an international court case involving the casino industry. The International Centre for the Settlement of Investment Disputes (ICSID) tribunal has dismissed a case lodged by Dutch firm Lao Holdings NV (LHNV) against the Lao government claiming that it breached the bilateral investment treaty between […]
Read More
Thailand
