Timor-Leste PM concludes official visit 0

LaosSource: Vientiane Times

Prime Minister of Timor-Leste, Mr Kay Rala Xanana Gusmão, ended his three-day official visit to Laos yesterday, laying the foundations for the furthering of relations and cooperation between the two Southeast Asian countries. More…

Laos, Timor-Leste hold talks on bilateral ties 0

laosSource: Vientiane Times

Prime Minister Thongsing Thammavong and his visiting Timor-Leste counterpart Kay Rala Xanana Gusmão yesterday held talks on bilateral ties, pledging mutual support and assistance through bilateral and multilateral frameworks.

The talks took place shortly after an official welcoming ceremony at the Government Office in Vientiane. More…

CIMB Thai delays Vientiane branch 0

CIMB Thai BankSource: The Nation

CIMB Thai Bank’s plan to open its first overseas branch in Vientiane this quarter has been put off to next year because it needs more time to prepare.

“The process of branch establishment is going on but the documents for applying for the licence are not completed yet, so the first branch should be seen next year,” Narongchai Wongthanavimok, chief financial officer, said last week. More…

China gives Laos $81m in aid, loans 0

property laosSource: Bangkok Post

China has agreed to give Laos 300 million yuan (US$49 million) in grant aid and 200 million yuan ($32.6 million) in interest-free loans this year, news reports said on Thursday.

The agreement was signed by Lao Prime Minister Thongsing Thamavong and his Chinese counterpart Li Keqiang earlier this week in Nanning, China, on the sidelines of the Asean-Expo, the Vientiane Times reported. More…

Chinese premier meets Laos PM 0

Source: XinLi Keqiang and Thongsing Thammavonghua

Chinese Premier Li Keqiang met with Laos Prime Minister Thongsing Thammavong here Monday, pledging to enrich the content of their all-round strategic partnership of cooperation.

Li made the remarks during his meeting with his Lao counterpart on the sidelines of the 10th ASEAN-China Expo, which is set to run from Sept. 3-6 in Nanning, capital of south China’s Guangxi Zhuang Autonomous Region. More…

Maybank Investment eyes Laos, Cambodia for expansion 0

Maybank LogoSource: BERNAMA

Maybank Investment Bank Bhd, which is celebrating its 40th anniversary this year, is looking at expanding its operation to Laos and Cambodia, after having successfully completed its integration with Kim Eng Holdings Ltd recently.

Its Chief Executive Officer Tengku Zafrul Aziz said the plan was still in preliminary stage as the investment bank was still studying the potential of these markets. More…

Vietnam-Lao 2013 trade turnover totals US$504 million 0

Flag-Pins-Laos-VietnamSource: The Voice of Vietnam

Bilateral trade between the two countries reached US$504 million in the first half of this year, up 8.3 percent on last year’s same period.

Vietnamese Deputy Minister of Industry and Trade Nguyen Cam Tu and his Laos counterpart Khemmany Phonxena agree Vietnam’s and Laos’ two-way trade turnover has yet to properly reflect both countries’ potential. More…

CK signs on for B20bn Laos plant 0

531459Source: Bangkok Post

The SET-listed Ch. Karnchang Plc (CK), Thailand’s third-largest contractor by market value, has signed a contract with the Laotian government to develop the 20-billion-baht Nam Bak hydroelectric power plant.

Nam Ngum 2 Power Co, a subsidiary of CK Power Plc, signed a project development agreement last week for the plant, which is to have an installed capacity of 160 megawatts. More…

New Zealand, Laos tighten cooperation 0

Flag-Pins-Laos-New-ZealandNew Zealand Governor General, Lieutenant General the Right Honorable Sir Jerry Matepare, his wife and delegation are visiting Laos from August 12 to 14 at the invitation of President Choummaly Sayasone.

A bilateral meeting between the two heads of state and delegations from both sides took place at the President’s Office in Vientiane yesterday afternoon on the arrival of the New Zealand delegation. More…

Laos tourism can only benefit from talks with Thailand 0

Laos TubingLaos is continuing with its drive to increase trade both within and without the Southeast Asian region. In recent years great strides have been made to increase the commercial growth of this country, once seen as the poor relation in the area. Laos is now trading blows with its partners on a more equal footing.

In the latest move, the country’s neighbor Thailand has begun talks on a plan to double bilateral trade to US$8 billion by 2015 from its figure of $4 billion in 2011. The move has been greeted with optimism in both countries. More…