Lao Voices

Market displays no true underpinning indicators

LV — Thu, 09 Feb 2012 23:08:37 +0000

Vientiane: After a dull day Tuesday, yesterday in early trading there was little change to the previous day’s close. Early EDL-Gen and BCEL were dead bolted at “price resistance” levels. By the close BCEL failed to trade but nevertheless lost 100 kip. Like waiting for the billy to boil and with little incentive to sell, [...]

Market displays no true underpinning indicators

Visit Laos Year campaign expected to boost tourism

LV — Thu, 09 Feb 2012 15:00:20 +0000

Lao Voices

Laos expects to see a 7 percent increase in tourist arrivals this year as the country is running its Visit Laos Year campaign. According to a forecast by the Ministry of Information, Culture and Tourism, the number of tourist arrivals is expected to reach 2.86 million this year, about a 7 percent increase compared to [...]

Visit Laos Year campaign expected to boost tourism

Hydropower projects to light up northern provinces

LV — Thu, 09 Feb 2012 14:57:45 +0000

Lao Voices

Electricite du Laos (EDL) and Sinohydro Corporation Ltd of China yesterday signed a contract and memorandum of understanding (MOU) on four hydropower development projects in two northern provinces. Among the documents signed were an engineering procurement and construction contract for the Nam Khan 3 hydropower project in Luang Prabang province, and a tariff MOU for [...]

Hydropower projects to light up northern provinces

Borikhamxay dam to bolster dry season power supply

LV — Thu, 09 Feb 2012 14:55:14 +0000

Lao Voices

The first water gushed forth from the Nam Gnuang dam in Borikhamxay province on Tuesday to provide an additional supply of water to the nearby Theun-Hinboun dam. The dam will store water for delivery to the Theun-Hinboun power plant some 30km away to ensure sustainable power generation in the dry season. The dramatic ceremony at [...]

Borikhamxay dam to bolster dry season power supply

Philippine president orders damage assessment

LV — Thu, 09 Feb 2012 14:10:18 +0000

Lao Voices

MANILA (Xinhua) — Philippine President Benigno Aquino III has ordered the related departments to conduct damage assessment and analysis to the areas affected by the strong earthquake on Monday, a senior government official said Tuesday. Deputy Presidential Spokesperson Abigail Valte, said in a briefing that Aquino was “deeply concerned” about the people who were affected [...]

Philippine president orders damage assessment

Laos, Vietnam boost information and culture ties

LV — Thu, 09 Feb 2012 14:05:43 +0000

Lao Voices

Laos’ Ministry of Information, Culture and Tourism and Vietnam Television Station (VTV) have agreed to further strengthen their cooperation efforts and traditionally friendly ties in the information and culture sector. The agreement, which runs from 2012 to 2015, was signed during a meeting between the two parties held in Vientiane yesterday. The agreement was signed [...]

Laos, Vietnam boost information and culture ties

Vietnamese president to arrive in Laos today

LV — Thu, 09 Feb 2012 13:59:55 +0000

Lao Voices

President of the Socialist Republic of Vietnam Truong Tan Sang is scheduled to arrive in Vientiane today for a three-day official goodwill visit to Laos. The visit by the Vietnamese president, his wife and their delegation from February 9 to 11 is in response to an invitation from President Choummaly Sayasone, according to an announcement [...]

Vietnamese president to arrive in Laos today

Companies to explore mining, hydropower possibilities

LV — Thu, 09 Feb 2012 13:56:08 +0000

Lao Voices

The Phouphieng Mineral Export-Import Sole Company is teaming up with the Mekong Mining Company to study the possibilities for bauxite and potassium mining and hydropower in Laos. A Memorandum of Understanding was signed on Tuesday in Vientiane between Phouphieng Company President Mr Vilaysith Liumxayachak and Mekong Mining Company President Mr Andrew Kent. Officials from both [...]

Companies to explore mining, hydropower possibilities

Volumes ice over on sheltered stock prices

LV — Wed, 08 Feb 2012 15:37:01 +0000

Lao Voices

On Monday there was over 30K unmatched EDL-Gen shares at 4,250 and around 1.5K BCEL unmatched shares, but shareholders avoided trades as they didn’t buy the bids as a good offer. The local market followed up on that yesterday and chilled out, as it opened quietly on modest volumes yesterday, when fewer than 3K shares [...]

Volumes ice over on sheltered stock prices

Circulation of 100,000 kip note remains limited

LV — Wed, 08 Feb 2012 15:34:44 +0000

Lao Voices

Most people have yet to see a new 100,000 kip banknote despite the Bank of the Lao PDR putting it into circulation last week. At present, commercial banks are distributing the largest Lao banknote through bank tellers alone, so they are not available to ATM users, which include the majority of state employees and private [...]

Circulation of 100,000 kip note remains limited