Economy and commerce
Investment
Private investment needed to drive growth: economists
Economists have cautioned that cutting spending could impact Laos’ economic growth, so the government needs to further create favourable conditions to strengthen the private sector. According to the government’s recent report, investment by domestic and foreign businesses represented more than half the entire investment driving ...
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 ...
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 ...
Youth keying into digital economy
Southeast Asia’s youthful population is embracing the internet and rapidly connecting to the digital economy, creating enormous potential for economic growth throughout the region, panellists at the World Economic Forum on ASEAN said on May 10. Addressing a panel discussion on “The ASEAN Dream”, Kao ...
Quality infrastructure needed to support economic growth
Cambodia sits at a crossroads in the ASEAN region, potentially making it a key part of regional economic development and trade flows, though improved infrastructure and more innovative financing approaches are still needed, infrastructure experts meeting in Phnom Penh said on May 10. Speaking at ...
BAAC taps tech to boost farmers’ incomes
The bank for Agriculture and Agricultural Cooperatives is stepping up its push to become more customer-focused under initiatives aimed at boosting farmers’ incomes. The bank also plans to upgrade 900 of what it calls community financial institutions by teaming up with grass-roots financial organisations. The moves ...
