[:en]Business leaders in Thailand and the CLMV countries are urging their governments to use local currencies for trading along borders instead of the US dollar to facilitate business and cut costs. Businesses from Thailand, Cambodia, Laos, Vietnam and Myanmar will propose the plan to their governments today at the seventh Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (Acmecs) summit in Vietnam.[:]
[:en]Prime Minister Thongloun Sisoulith said yesterday the government will maintain the moratorium on new mining concessions because it needs more time to inspect a number of operations. The prime minister was speaking at a three-day conference taking place at the National Convention Centre for mining sector officials from around the country and private investors in the industry.[:]
[:en]Kasikornbank (Laos) aims to triple lending growth and open a new branch this year to cash in on strong economic prospects in neighbouring Laos. The bank, a 90%-owned subsidiary of Kasikornbank (KBank), expects 2016 loans outstanding to grow by more than 250% to 1.5 billion baht.[:]
[:en]The enormous drop in revenue generated from mining coupled with improper budget planning has been the main cause of the budget tensions Laos has faced over the past few years, Deputy Prime Minister Somdy Douangdy told parliament recently.[:]
Laos has only two percent of the population starting a business which is still far too low compared to its 6.4 million people, according to an official.
ALO Technology Sole. Co; Ltd is set to become an Information Technology leader in Laos and Asean countries following their official opening yesterday and the signing of an OEM Master License agreement with Microsoft OEM.
ALO is determined to become the number one choice fortechnology products and services, serving the public sector, retail and corporate markets in Laos and Asean, the company confirmed. Continue Reading