Lao morning news for October 24

Lao morning news for October 24

Lao PDR morning newsSK E&C’s attempts to cut costs led to design changes that resulted in collapse of dam in Laos
SK E&C attempted to earn excessive profits with changes to the format and design of a dam in Laos that eventually collapsed last July, an internal document confirmed on Oct. 14.
— Hankyoreh

Commercial banks race to expand foreign investments
The most lucrative destinations are Laos and Cambodia which attracted 32 percent of the banks’ total overseas investment of 105.8 million USD in the first nine months of the year.
— Vietnam Net Bridge

Govt needs over 6 trillion kip for flood recovery
The government estimates it will need at least 6 trillion kip to recover from the damage done by floods around the country this year, with the greatest need being in the transport and agriculture sectors.
— Vientiane Times

Employment, Social Impact Has Samsung, Sustainable Straws Opening Doors for the Disabled in Laos
An innovative sustainable drinking straw project has teamed up with Xonpao Lao Disabled People Working Group and Lao Samsung Electronics.
— The Laotian Times

Vietcombank Opens First Overseas Bank In Laos
The Joint Stock Commercial Bank for Foreign Trade of Vietnam, Vietcombank, officially inaugurated its Vietcombank in Vientiane on Oct 19.
— Lao News Agency

Ministry to think of ways to help Lao farmers find markets
The Cabinet has directed the Ministry of Industry and Commerce to play the role of a coordinator to develop policies and mechanisms that facilitate Lao businesses.
— Borneo Bulletin

Boat races planned on two sections of river
The organisers of this year’s Vientiane Boat Racing Festival have moved the traditional and modified 55-crew category events from their customary location opposite Vat Chan to a deeper section of the Mekong.
— Vientiane Times

Heavy rains cause big damage to Lao Cai, Ha Giang
Torrential rains on October 22 caused big damage to residents’ properties agriculture and infrastructure works in several communes in the northern mountainous provinces of Lao Cai and Ha Giang.
— Vietnam Plus

Xayaboury uncovers 210 billion kip lost to corruption
Xayaboury provincial authorities have uncovered more than 210.73 billion kip lost to corruption since 2015, with 24 state officials found to be involved.
— Vientiane Times

Foreign leaders congratulate President Nguyen Phu Trong
Leaders of China, Laos, Cuba, Russia and India have cabled congratulatory messages to General Secretary of the Communist Party of Vietnam Nguyen Phu Trong on his October 23 election as the State President of Vietnam for the remainder of the 2016-2021 tenure.
— Nhan Dan

Govt, foundation agree to New Generation Schools pilot project
The government has entered into an agreement with the British-based Franks Family Foundation for cooperation in the New Generation Schools Laos Pilot Project in Vientiane.
— Vientiane Times

Laos’ diplomatic relations continue to grow after 73 years
The nation continues to reach out to other countries and its international relations are growing steadily as the Lao Ministry of Foreign Affairs marks the 73th Anniversary of Diplomatic Ties.
— Vientiane Times


Feature photo


This week’s Lao morning news feature photo acknowledges World Day of Audiovisual Heritage, October 27.

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.


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Maria Mirasol Rasonable graduated with a Bachelors Degree in journalism from Polytechnic University of the Philippines, Santa Mesa, Manila, Philippines.

She previously covered police rounds for Philippine Daily Inquirer as a trainee before becoming editorial staff at Gospel Komiks under the Communication Foundation for Asia (CFA-MG), Santa Mesa, Manila where she wrote lifestyle and trending fashion and styles articles.

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