Laos, a south-east Asian nation is on the edge of default after building a China-financed high-speed train, giving new momentum to ‘debt trap’ diplomacy criticism. Laos faces intensifying economic and financial crises and there is likely no way out without some form of a Chinese bailout or debt forgiveness, reported […]
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Laos earns over 870m USD from agricultural exports in first half of 2022
Laos earned more than 870 million US dollars from the export of agricultural produce over the past six months of 2022, equalling 72.57 per cent of the target for the whole of 2022. The main farm products exported were bananas, rubber, cassava, sugarcane, cattle and buffaloes, with China being the largest […]
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Chinese companies haven’t paid Laos workers for over 6 years
Laos workers who were hired by Chinese companies for construction projects, undertaken six years ago are still waiting for their payments. These workers were hired to build homes for villagers displaced by the construction of a China-backed dam, Radio Free Asia reported. “The wages of workers who built the resettlement villages in the Nalae district of Luang […]
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Laos Communist Party names PM Thongloun as new leader
The Communist Party of Laos on Friday named Prime Minister Thongloun Sisoulith as its new secretary general, replacing retiring chief Bounnhang Vorachit, state media reported as the long-ruling party wrapped up its three-day congress. Thongloun, 75, was elected to a five-year term as head of the Lao People’s Revolutionary Party […]
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Strong earthquake shakes Thailand, Laos, sways Bangkok high-rises
A strong earthquake shook a border area between northern Thailand and Laos on Thursday morning, swaying high-rises in Bangkok and Vietnam’s capital. Residents of Chiang Mai, northern Thailand’s biggest city, felt prolonged shaking but saw no major damage. Chiang Mai resident Petchnoi Osathaphan said the long shaking left her feeling […]