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Laos: GDP growth target lowering mulled: DPM

Discussions are taking place to whether the government should propose that the National Assembly (NA) consider adjusting the economic growth target, Deputy Prime Minister Somdy Duangdy has said. The consideration to lower the gross domestic product (GDP) growth target came amid global challenges which make it unlikely for the government to attain the 7 percent […]

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Lao PDR Set For Moderate Growth In 2018-2019; ADB

(KPL) The Lao People’s Democratic Republic’s economic growth is expected to moderate in 2018, as agriculture and mining outputs are forecast to underperform, although an expansion in electricity generation, construction and service will partially offset these adverse effects, has said Asian Development Bank’s report. “In an update of its flagship annual economic publication, Asian Development […]

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A New Cambodia-Laos Border Deal?

Last week, reports surfaced that Cambodia and Laos had forged some sort of consensus to manage longstanding border issues. While both sides have long sought such mechanisms following previous rounds of tensions, the so-called consensus deserves close scrutiny given the opportunities and challenges it presents for the two countries. As I have noted before in […]

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Thai firm signs 3-hotel deal in Laos

Centara, a Thai hospitality group led by Suthikiati Chirathivat, board chairman (fourth from the right), has signed a memorandum of understanding with Asia Investment, Development and Construction Co Ltd (AIDC), an investment and construction company in Laos. The agreement paves the way for Centara to enter into management agreements for three hotels in Laos in […]

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