Economy and industry
SMEs in 8 provinces to get Pracha Rath loans
The Department of Industrial Promotion will extend loans initially totalling Bt20 billion from a Pracha Rath fund for SME development in eight provinces, starting with Songkhla on May 24. Eight provinces have been initially targeted for the programme. Besides Songkhla, they are Krabi, Chon Buri, ...
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 ...
Ministry warns against ransomware computer virus
The Ministry of Posts and Telecommunication is warning internet users to protect themselves against the Wanna Cryransomware virus, which has already spread to many countries around the globe. According to a notice issued by the Ministry recently, the computer virus was detected in many countries ...
Laos-China railway construction ‘progressing well’
Construction of the Laos-China railway is gathering steam with many tunnels being bored despite rainfall, officials said yesterday. All three tunnels in Luang Namtha province are being bored with the Boten Tunnel having progressed the furthest at more than 50 metres, project coordinator for Luang ...
National rail system in the pipeline
An agreement to build a national rail system has been reached by the Royal Group and two major Chinese companies. The joint venture will refurbish the rail link from Phnom Penh to the Thai border and upgrade the rail expressway from Phnom Penh to Sihanoukville. There ...
Swine smugglers put on notice
The Ministry of Agriculture has authorised a new private sector task force to investigate reports of widespread pig smuggling and bogus pig-raising operations, which domestic pig farmers claim have put market prices on live swine in a trough. The task force is led by agro-industrial ...
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 ...
Connectivity key to ASEAN growth
Southeast Asian business and political leaders meeting in Phnom Penh on May 11 said multilateral connectivity, both physical and digital, was needed to ensure that ASEAN’s development and growth was not restricted by national borders. Delegates attending the second day of the World Economic Forum on ...
Lao, Cambodian PMs vow mutual support, enhanced security cooperation
Visiting Prime Minister Thongloun Sisoulith and his Cambodian counterpart Samdech Hun Sen on Wednesday agreed that Laos and Cambodia would continue to extend mutual support and assistance to drive the two nations’ development. The two premiers met during Mr Thongloun’s visit to Cambodia to attend ...
