Dr. Chang Yong Rhee, the Director of the International Monetary Fund (IFM)'s Asia and Pacific Department, reflects on why Southeast Asia has made such strong strides in recent decades.
Laos Tender and Business News
For most of history all populations in the world grew with more children compared to the adult populations. Now Asia is facing a crisis because of the presence of less children and a higher percentage of adults. Representatives across the region gathered June 12-13 in Mongolia to discuss the issue.
Multilateral development banks (MDBs) leaders have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support sustainable and inclusive economic growth throughout the world.
Human development is progressing and has recently made major strides in many areas, but many are still left behind, with systemic and often unmeasured barriers to catching up. A new UN report urges a stronger focus on those excluded and on actions to dismantle these barriers to ensure sustainable human development for all.
The Japan International Cooperation Agency (JICA) has contracted with NEC Corporation to provide cyber-attack defense tools and training to six members of the Southeast Asian Nations (ASEAN) group.
Vietnam's Mekong Tourism Coordinating Office and the Mekong Business Initiative just announced a way to make it easier for innovative tourism businesses to gret established in Cambodia, Laos, Myanmar and Vietnam. It will all happen via their jointly-launched Mekong Innovative Startup Tourism (MIST) Initiative and the launch of two new startup accelerators.
With the Trans-Pacific Partnership (TPP) dying on the vine, the Regional Comprehensive Economic Partnership Agreement (RCEP) may take its place.
Hong Kong based Comba Telecom Systems Holdings Limited, a major wireless solutions provider, disclosed that the company is in the process of completing its 51% interest majority acquisition of Laotian telecom operator ETL Public Company from the Laotian government.
The Trans-Pacific Partnership Agreement (TTP) may for all practical purposes be dead, but the new Regional Comprehensive Economic Partnership (RCEP) agreement being negotiated this week could reinstate one of the worst parts of the TPP. RCEP would grant corporations the exclusive right to bypass domestic legal systems and sue governments at international tribunals whenever they feel government regulation can limit their profits.
A congress billed as the world’s largest ever to focus on the environment has opened to warnings that our planet is at a “tipping point” but also with expressions of hope that governments, civil society and big business are learning to work together.
Thailand-based Group Lease PCL, a SET-listed digital finance firm, just received its official license to operate in Indonesia. With that done, it is embarking on a new, major expansion in Indonesia which is expected to support substantial growth both in terms of revenue and net profits over the next five years.
American-style fried chicken continues to be a hot commodity in Asia. The latest proof of that is Atlanta-based Church's Chicken, via its international partner Express Food Group (part of the RMA Group), expanding in the region by bringing its 'Texas Chicken' fast food brand to Laos.
The problem of children around the world being exposed to lead -- and the many medical consequences of that -- is still significant even in the 21st century. A study just published by New York University shows the annual economic cost of lead exposure at $977 billion worldwide, with ~$700 billion of that happening just within Asia.
According to a just released market study, the global total value of all airport construction projects is estimated at U.S. $637.8 billion. The biggest single chunk of that is in the Asia-Pacific region, with $224.1 billion or 35.1% of the total.
SWIFT data shows a double digit growth of RMB adoption by financial institutions established in all regions. In February 2016, 1,131 banks were using the RMB for payments with mainland China and Hong Kong, representing 37% of all institutions exchanging payments with mainland China and Hong Kong across all currencies.
A new industry report forecasts future trends for the growing worldwide demand for cardiovascular needles. North Amnerica is expected to continue to lead demand for the products, but all regions are seeing increased demand.
The World Health Organization just issued its latest Zika Virus situation report, including maps showing the spread of the virus worldwide and recommendations for those who are or may become infected.
San Marco Capital Partners (SMC), the exclusive sales agent working on behalf of the Government of the Lao People's Democratic Republic, just announced the conclusion of the qualification process for investors interested in participating in the competitive sale process to purchase and operate the Savan Vegas Hotel and Entertainment Complex.
Persistence Market Research (PMR) has recently announced the publication of a market study on the global seasonings and spices market. On a global basis, Europe and Asia-Pacific dominate this market.
Renowned Thai human rights and labor advocate Sompong Srakaew has formed a new initiative aimed at ridding Southeast Asia's seafood sector of human trafficking and other labor abuses.
A 6,830-ton North Korean cargo ship was seized by Philippine government officials as it docked into Subic Bay on March 3. The vessel, its cargo and its crew will be held indefinitely as part of new tougher United Nations sanctions recently approved against the North Korean government.
A new study by ABI Research suggests that despite a floating myth speculating that it will only be a matter of time before personal computers meet their demise, the market is still going strong and shows no sign of slowing down in the immediate future.
The FAO Food Price Index was stable in February, as falling sugar and dairy prices offset a substantial jump in vegetable oil prices from the previous month.
A growing number of pollinator species worldwide are being driven toward extinction by diverse pressures, many of them human-made, threatening millions of livelihoods and hundreds of billions of dollars worth of food supplies, according to the first global assessment of pollinators.
For four countries of the Association of Southeast Asian Nations (ASEAN), formal membership in the Trans-Pacific Partnership (TPP) has become a reality. Singapore, Malaysia, Vietnam and Brunei signed the TPP documents in Auckland on February 4. Notably, China, Russia, Taiwan, the Philippines, Thailand, Laos, Indonesia, Cambodia, Bangladesh, India and Colombia have not yet agreed to the terms.