[: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]Chinese telecom equipment maker, Comba Telecom Systems Holdings, recently announced its plans to buy a 51% stake in Laos’ state-owned telecom carrier, ETL, for $91.8 million.[:]
[: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.[:]
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
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