Courtesy of The Diplomat, commentary on whether Laos’ new railways could help the nation address its lack of trade with the West: When Phankham Viphavanh, the prime minister of Laos, concluded a cabinet meeting last month, there were more questions than answers over what his government was doing to fix the economy. The national currency, the […]
Read more »Via Der Spiegel, a report on how Laos’ new high-speed rail connection connecting the capital to China is a boon for many but is it a luxury it can really afford? They are all gathered in front of the railway station. Mothers from the capital with infants in their arms and holding hands with small […]
Read more »Via Deutsche Welle, a report on Laos which is facing one of its worst economic crises in decades, with the country experiencing galloping inflation and staring at a debt default: Laos’ economy has been on the brink of collapse due to a spiraling debt crisis that is crippling the country’s finances and bringing it perilously […]
Read more »Via Business Insider, a report on how a fuel shortage is driving Laos — which is on the brink of a debt default — to seek out cheap Russian oil: The Southeast Asian country of Laos is discussing oil purchases with sanctions-hit Russia, the Nikkei reported, citing local media. It’s the latest Asian country after bankrupt Sri Lanka to face […]
Read more »Via Silk Road Briefing, an article on the Sino-Thai railway that is currently under construction: The China-Laos Railway which opened late last year, is being extended through to Thailand. The Laos section has proven so popular that the frequency of train service has had to be increased several times due to demand. Six months after it opening, […]
Read more »Via The Diplomat, an article on the crisis threatening Laos: Today, the Vientiane Times, Laos’ state-run English daily, published an alarming article examining the impact that the country’s ongoing fuel crisis is having on the country’s farmers. For the past few months, the nation has been hit by rising global oil prices and a weakening local currency, which have […]
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