Lao Morning News For June 12

Govt mulls new State investment projects
Laos’ budgetary tensions have forced the government to cut spending in State investment projects in a move to prevent the country from being dragged further into chronic debt.
– Vientiane Times

General Electric Opens Representative Office in Laos
General Electric, an American multinational conglomerate corporation, opened on Friday its representative office in Vientiane, expanding its service in ASEAN.
– Lao News Agency

Private Businesses Struggle to Find Financing
Business banking in Laos has taken a severe hit in the past few years as government officials have started limiting funds that have been typically granted to developers for implementing infrastructure projects in the past.
– The Laotian Times

Fuel Retail Price Drops Slightly
The retail price of fuel has been adjusted to decrease slightly: a 140-kip drop per litre for unleaded petrol; a 130-kip per litre for regular petrol; and a 100-kip per litre for diesel.
– Lao News Agency

Luang Namtha Expects to Double Latex Exports
Luang Namtha is expected to record a double increase in latex export as so far this year the export of latex has reached 11,131 tonnes, valued at 17.8 million US dollars, according to a local official.
– Lao News Agency

DPM pushes development in Champassak
Champassak province should close all loopholes relating to the timber trade, and review all the procedures that have frustrated investors and delayed development.
– Vientiane Times

Offline internet touted for remote areas of Laos
Information and technology experts and staff from the Be-Bound Company met in Vientiane recently to discuss use of an “offline internet” system in Laos.
– Vientiane Times

Exim Bank plans rep offices in Laos, Cambodia
THE EXPORT-IMPORT Bank of Thailand plans to open two more representative offices in Laos and Cambodia at the end of this year and early next year to double loans for Thai investors expanding into Indochina.
– The Nation

Feature photo Asian Development Bank
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

Lao morning news by AEC News Today is your one stop source for Lao PDR news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.