In June 2016, the SWITCH-Asia project Improved Cookstoves (ICS) celebrated the production and sale of 100,000 ICS since the project began in 2013.
The ICS project has contributed to poverty alleviation in Lao PDR through the development of a sustainable consumption and production chain of fuel efficient ICS, which reduces the use of wood and charcoal and lowers ….. Continue reading
Asia Aviation Capital Limited stands poised to benefit from parent company AirAsia Berhad’s recent deal for 100 Airbus A321neo aircraft, with 30 percent of the order expected to be allocated to the wholly-owned leasing unit.
The aircraft order, valued at $12.6 billion based on list prices, was announced at Farnborough Airshow last week. It is the first order placed by AirAsia Berhad for the …. Continue reading
Posted in Investments
Party Chief and President Bounnhang Vorachit has instructed the top anti-corruption body to appropriately punish those officials found violating the regulations in a bid to stamp out malpractice and lax discipline.
The president also endorsed the creation of measures that would enable members of the public to participate in inspection work ….. Continue reading
Economists warn that Laos will need to take a proactive approach to attract foreign direct investment if the country is to sustain economic growth of 7.5 percent annually over the next five years.
According to a recent government report, Laos will need about 223 trillion kip (US$27 billion), equal to 30 percent of Gross Domestic Product (GDP), over the period …. Continue reading
Southeast Asia’s main grouping opened a meeting of their foreign ministers Sunday, deeply divided on how to deal with China’s territorial expansion in the South China Sea that has impacted some of its members and whipped up an increasing diplomatic quagmire.
Laos is hosting the gathering of the 10-nation Association of Southeast Asian Nations, which traditionally ends with a joint statement. But the sticking point is whether to include a reference to the …. Continue reading