News
MPC ups GDP growth forecast, keeps policy rate
The Bank of Thailand’s Monetary Policy Committee revised up its forecast for this year’s economic growth to 3.4 per cent based on a further recovery of merchandise exports, while leaving the benchmark interest rate unchanged at 1.50 per cent at its meeting on March 29. Jaturong ...
ASEAN, Russia assess progress of cooperation
The Ministry of Foreign Affairs yesterday hosted the 14th ASEAN-Russia Senior Officials’ Meeting in Vientiane to review the progress made in the countries’ cooperation. The meeting was co-chaired by Deputy Minister of Foreign Affairs, Mr Thongphane Savanphet, who is also Laos’ ASEAN SOM Leader, and ...
Social security fund to increase payments for health services
The National Social Security Fund will pay more to hospitals for health services following a new agreement reached between the fund and participating hospitals yesterday. The money will be paid in a lump sum, with some hospitals receiving as much as 130,000 kip to allocate ...
Billions of kip embezzled in Savannakhet
At least 20 finance officials in Savannakhet province have been found guilty of spending billions of kip of state money on personal affairs, according to a report released this week. The officials allegedly collected more than 5.8 billion kip from state revenue sources but did ...
New tourist attraction to boost economy in Khong district
Authorities in Khong district, Champassak province, are confident that a new tourist attraction will help to draw more visitors and generate income for public and private investors. Now a riverside beach in the district’s Don Than village is becoming the latest tourist destination in the ...
Rail freight set to cut transport costs significantly
The transport of goods by railway could cut costs by 30 to 50 percent of the current charges for road transportation, a senior government official has said. Deputy Director General of the Lao Railway Department, Mr Sonesack N. Nhansana, told Vientiane Times on March 28 that ...
Sơn Trà master plan needs amending
The central city plans to petition the Prime Minister for adjustments to the Sơn Trà Master Plan in order to better protect the eponymous nature reserve. Đà Nẵng Deputy Chairman Nguyễn Ngọc Tuấn also said at a press conference on Monday that the city will ...
Changes needed to ensure sustainable agriculture
The slow growth of the agricultural sector starting in 2015, shortcomings of small-scale production, poor quality and productivity amid fiercer global competition are threatening the sustainability of farming in Việt Nam and demanding institutional and mechanism changes. These concerns were shared among participants of the ...
Government rethinks softer teacher entry rules
The Education Ministry has bowed to pressure from academics who have criticised its policy to allow graduates who do not hold a degree in education to enter the teacher recruitment process. Education Minister Teerakiat Jareonsettasin said on March 28 the controversial policy would be adjusted by ...
Automakers hopeful of boost as motor show kicks off today
The 38th running of the annual Bangkok International Motor Show kicks off today at Impact Muang Thong Thani with automakers crossing their fingers for the market to continue growing after finishing last year with a slight shrinkage. Altogether 768,788 vehicles were sold in the domestic ...
