Laos News
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AFGHANISTAN, 2017/09/09
Destinations worldwide welcomed 598 million international tourists in the initial six months of 2017, some 36 million additional than in the same period of 2016. At 6%, increase was well above the trend of recent years, making the current January-June period the strongest half-year since 2010.
Visitor numbers reported by destinations around the world reflect strong request for international travel in the initial half of 2017, according to the new UNWTO World Tourism Barometer. Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained and consistent trend of 4% or higher increase since 2010. This represents the strongest half-year in seven years.
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CHINA, 2017/04/07
Full steam ahead for the China-Laos railway construction, Laos has speeded up machinery import from China, local daily Vientiane Times reported Monday.
Hundreds of trucks carrying machinery and equipment for construction of the China-Laos railway have entered Laos next being delayed at the border. A appropriate lane has presently been allocated at the Mohan-Boten border crossing point to facilitate the passage of the trucks, project coordinator in northern Lao province Luang Namtha, Chanthachone Keolakhone told Vientiane Times on Friday.
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AFGHANISTAN, 2016/12/11
A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree.
The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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BRUNEI , 2015/09/30
Welcoming the commencement of regional integrated economy society of ASEAN Economic Community ( AEC) regime slated for later this year, an initiative to foster production capacity cooperation between ASEAN and China was sought to further expand economy and trade ties between the two economies.
The thought to further explore the cooperation was highlighted in a high level forum discussing next relations of AEC and China in production capacity cooperation held here on Friday, attended by senior figures and stakeholders of the two economies.
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LAOS, 2015/02/22
Savannakhet Province in Lao PDR is a thriving hub of trade and services in the Greater Mekong Sub-region (GMS). The province is located along the East-West Corridor (EWC) linking Thailand, Lao PDR, and Vietnam (Road No.9). It is also along the North-South axis (Road No.13) that runs through Lao PDR, leading north into China and South into Cambodia.
Road and bridge construction will further develop Savannakhet as a trade and services zone. Road No.9 is being improved thank to international assistance from Japan. In 2004, this road has shortened the transport time between Savannakhet and central Vietnam.
Savannakhet itself will also develop multiple routes from Thailand to north/central Vietnam. This will bring about an expansion of markets. Direct access to Thailand across the new Mekong River Bridge, which is currently under construction, will create further business opportunities for all the economic sectors in Savannakhet.
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CAMBODIA, 2015/02/21
Laos President Choummaly Sayasone will pay a national visit to Cambodia on Feb. 26 and 27 to further promote bilateral ties and cooperation, a news statement from the Cambodian Ministry of Foreign Affairs on said on Friday.
The visit comes at the invitation of Cambodian King Norodom Sihamoni, the statement said.
During his remain in Cambodia, Choummaly will meet separately with President of the National Assembly Heng Samrin, Prime Minister Hun Sen, and initial Vice-President of the Senate Say Chhum.
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CHINA, 2015/02/21
On November 8, 2014, President Xi Jinping met with President Choummaly Sayasone of Laos at the Great Hall of the People.
Xi Jinping welcomed Choummaly to attend the Dialogue on Strengthening Connectivity Partnership in China. Choummaly expressed that Laos highly appreciates China's host of the Dialogue which he believes is of great significance in promoting the cooperation and common development of nations in the region.
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AFGHANISTAN, 2015/01/20
Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
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AFGHANISTAN, 2015/01/20
The richest 1 % are likely to control additional than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening world inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland.
The 80 wealthiest people in the world all own $1.9 trillion, the statement found, nearly the same all shared by the 3.5 billion people who occupy the bottom half of the world’s gain scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 % of the people, who number in the millions, control nearly half of the world’s total wealth, a share that is as well increasing.
