Two banks previously owned by the state and which suffered chronic losses have begun making a profit following major reforms that saw a 70 percent stake in the banks sold to local investorsRead more
Tesco, Britain’s biggest retailer, is selling its businesses in Thailand and Malaysia to Thailand’s CP Group entities for an enterprise value of US$10.6bil.Read more
The 12th Asean Business Awards (ABA) Gala Dinner took place on the night of November 12 last week, shining a spotlight on some of the many successful enterprises from a variety of industry sectors from across the region.Read more
Internet users will have a wider choice of service options when the Lao Asia Pacific Satellite Co., Ltd. rolls out 4G wireless throughout the country early next year.Read more
Vientiane Police Headquarters plan to install speed cameras on major roads in the capital in a bid to reduce driving offences and the number of traffic accidents.Read more
A Chinese company is beginning construction of a more than US$200-million tourism complex at the disused airfield in Vangvieng district. The project will include a five-star hotel, a modern private hospital, a public park and a planned casino.Read more
Hadxayfong Authorities have authorised Lao International Travel and Investment Co., Ltd. to renovate Wat Xieng Khuan, also known as Buddha Park to make it more attractive to domestic and foreigner visitors.Read more
China’s Comba Telecom has vowed to provide Lao users with improved service and mobile experiences after it successfully acquired a majority stake in Laos’s ETL Public Company and stepped up its management improvement efforts.Read more
Two Americans who are passionate about quality coffee are promoting plantations of the crop in partnership with farmers in Huaphan province, the former revolutionary stronghold.Read more
One of the biggest local investors in the region, Krittaphong Group Co., Ltd. is pouring capital into various mega projects to build stronger business capacities in Laos, a developing nation in Asean and the world.
In Vientiane, major properties belonging to it include the Landmark Mekong Riverside Hotel, the five-star …..
Laos’ first telecommunications satellite (Lao Sat-1) will be launched into orbit on November 21 to spur many facets of development and industry.
The satellite, which is owned by the Lao Sat-1 Joint Venture Company, will be part of a network of satellites in Laos and overseas that provide various communication services.
It will enhance communication links for government work, television …..
Toyota Boshoku Corporation has begun manufacturing automobile seat covers in the Lao People’s Democratic Republic. Manufacturing is being undertaken by TOYOTA BOSHOKU LAO CO., LTD., which was recently established as a satellite to support automobile seat production in Thailand. The seat covers will be supplied to the Thai production base.
As a member nation of the East-West Economic Corridor*1, Laos is convenient for distribution to Thailand, and has stable ….