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Category Archives: Finance – Banking – Money
Despite Laos officially performing well overall economically in 2016, some large firms still face major hurdles in doing business, according to a leading corporate executive.
General Manager External Affairs, PanAust Ltd./Managing Director PBM Ltd., Mr Richard Taylor, made the comment recently in an article posted on the professional social media site LinkedIn.
His article detailed three key issues that would shape 2017 for both Laos and Myanmar, which have …. Continue reading
The construction of garment factories in Laos has continued only gradually this year as the industry is still struggling to source workers to supply its factories, according to an official related to the sector.
Vice President of the Association of the Lao Garment Industry, Dr Xaybandith Rasphone explained that the construction of garment factories is expected to proceed slowly again this year as it …. Continue reading
Authorities in the northern Lao province of Bokeo suspended the operations of 18 Chinese-backed banana plantations after they discovered widespread violations of the regulations governing the use of agricultural chemicals, government officials told RFA’s Lao Service.
“It has been a problem for the environment as the Chinese companies destroy the environment with their heavy use of chemicals,” a provincial official told …. Continue reading
Numerous officials at the central and local levels have been found to have been involved in corrupt conduct which has resulted in a huge loss of financial resources.
The activities were revealed by the State Inspection Authority (SIA) when reporting on the results of their inspections over the past year. Some officials from the agriculture sector in Saravan province were involved in document forgery, defrauding the state of ….. Continue reading
The International Finance Corporation (IFC), a member of the World Bank Group, is working with the Bank of the Lao PDR (BOL) to reform its credit-reporting framework.
This is part of a wider effort to improve the country’s financial infrastructure, facilitate lending for smaller businesses, and boost economic …. Continue reading
With the future of U.S.-China relations an open question for the incoming Donald Trump administration, many have focused on whether the president-elect’s promise to withdraw from negotiations over the Trans-Pacific Partnership (TPP) will enhance Beijing’s growing influence in East Asia. But rather than hand-wringing over TPP’s ignominious failure, Asia watchers should turn their attention to ….. Continue reading