Lao Leaders Return Their Luxury Cars

Prime Minister Thongloun Sisoulith on Tuesday handed in his BMW 7 Series, following up on a promise made by the country’s leaders that they will no longer drive expensive luxury vehicles in an attempt to exercise frugality.
President Bounnhang Vorachit, who is Secretary General of the Lao People’s Revolutionary Party, was also expected to give back his BMW 7 Series yesterday, an official at the ….

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Debt To Be Reduced In Next Five Years, PM Says

Public debt that has been accumulating for years to the present high level will be considerably lowered in five years’ time, Prime Minister Thongloun Sisoulith has said.
“Debt has been heavily accumulated over the past years. It will take us at least five years to allocate [funds for repayment] and overcome the debt,” he told a recent meeting in Vientiane, which gave instructions on ….

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Laos-Thailand Railway Link Set For Expansion Next Year

Phase II of the Laos-Thailand railway, which will see the line extended from the suburbs to central Vientiane, is set to resume after the project was suspended in 2011.
The line will be built over a distance of 7.5km to link the track from the outlying Thanalaeng railway station in Hadxaifong district to the inner city.
The extension will link Thanalaeng railway station on the …..

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Lao Prime Minister Moves To Stop Land-for-Capital Deals

Prime Minister Thongloun Sisoulith says he wants to end the Lao government’s policy of bartering land for development, in a reversal of a long-term practice that has seen large swaths of the country go to foreign-backed investors.
“The business sector should not convince the governmental sector to create debts for the nation,” Thongloun told the Lao version of the chamber of commerce earlier this month. “In recent years, many big development projects, including ….

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