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Laos , Sunday 29 March 2020

News Laos Economy: Nigel Jeffries and Harry Jeffries: Socialism has never been successful

Published on: Saturday 07 December 2019
Nigel Jeffries and Harry Jeffries: Socialism has never been successful
News source: https://www.herald-dispatch.com/opinion/nigel-jeffries-and-harry-jeffries-socialism-has-never-been-successful/article_018b7ab3-29a0-52ae-8c60-7698d4448885.html

Socialism is an economic system wherein the government controls the means of production and distribution of goods. The private sector is either very small or non-existent. Current socialist states ...

News Laos Economy: Lao Villagers, Facing Eviction for Dam, Are Leery of Government Promises

Published on: Thursday 28 November 2019
Lao Villagers, Facing Eviction for Dam, Are Leery of Government Promises
News source: https://www.voanews.com/east-asia-pacific/lao-villagers-facing-eviction-dam-are-leery-government-promises

On a remote bend of the Mekong River in northern Laos, where its muddy waters make a hard right turn through steep verdant hills, the 330-odd residents of Houaygno village are bracing for an imminent exodus. Vietnam's state-owned PetroVietnam Power has chosen the site for the $3 billion, 1,460-megawat Luang Prabang hydropower dam; construction is set to start next year.

News Laos Economy: One year from Laos dam collapse, insurers urged to help

Published on: Saturday 27 July 2019
One year from Laos dam collapse, insurers urged to help
News source: https://asia.nikkei.com/Business/Construction/One-year-from-Laos-dam-collapse-insurers-urged-to-help2

Laos has more than 400 hydropower dams either existing or in the pipeline, including dozens of large-scale projects. The country wants to export electricity to spur its economic development. ...

News Laos Economy: Cambodia and Laos casinos targeted for drug-trade money laundering

Published on: Monday 29 July 2019
Cambodia and Laos casinos targeted for drug-trade money laundering
News source: https://asia.nikkei.com/Economy/Cambodia-and-Laos-casinos-targeted-for-drug-trade-money-laundering

The sprawling Kings Romans Casino in Laos, close to the Thai border ... so large and profitable that it now dwarfs the formal economy of Shan state, and is at the center of its political economy ...

News Laos Economy: Bank lending in Laos slows amid economic dip

Published on: Monday 15 July 2019
Bank lending in Laos slows amid economic dip
News source: https://www.phnompenhpost.com/business/bank-lending-laos-slows-amid-economic-dip

The injection of bank credit into the Lao economy continues to slow despite government measures to improve the investment climate for the private sector. According to a recent government report, credit growth further moderated to 3.13 per cent over the past three months of this year, representing only 46.32 per cent of gross domestic product (GDP).

News Laos Economy: South Korean power company eyes opportunities in Laos PDR

Published on: Tuesday 07 May 2019
News source: https://www.phnompenhpost.com/business/south-korean-power-company-eyes-opportunities-laos-pdr

About 10 Lao power companies attended the meeting and discussed products ... tax base that is set to commence in July of this year, according to a Ministry of Economy and Finance announcement. ...