The agriculture minister reiterated a call for eligible farmers and agricultural players to apply for subsidised electricity from state-run utility Electricite du Cambodge (EdC) to reduce costs associated with the accepted operations.
A newly discovered underground gold mine that has just begun operations will significantly bolster mineral production by Lane Xang Minerals Ltd (LXML) and bring socio-economic benefits to Laos.
The Lao government has formed a committee to overhaul the operations of Electricite du Laos (EdL) as part of its efforts to strengthen business operations across all state enterprises.
Two large Lao and Thai fuel operators, PTL Holding Co Ltd (PTLH) and PTT Oil and Retail Business Pcl (PTTOR), have signed a memorandum of understanding (MoU) on the joint development of and potential investment in a fuel tank farm and logistics operation at the Vientiane Logistics Park in the Lao capital.
Skyrocketing fuel prices and the continuing depreciation of the kip are ramping up pressure on Lao producers due to soaring production costs, according to a recently unveiled study.
The Lao government has pledged to secure more investment from China in the agriculture and forestry sector, using the potential offered by the Laos-China Railway to boost exports.
Lao Petroleum and Chemical Co Ltd (Laopec), located in the Saysettha Development Zone in Lao capital Vientiane, has invested more than $200 million in a petroleum refinery.
The Lao Logistics Link (LLL), which comprises the Thanaleng Dry Port (TDP) and Vientiane Logistics Park (VLP) and its other projects, will swell Laos’ gross domestic product (GDP) currently valued at 180.243 trillion kip ($15.5 billion) by 20 per cent, the project investor told a top legislator late last week.
The Thanaleng Dry Port (TDP) and Vientiane Logistics Park (VLP) have increased the speed of freight transport, cut costs and offered investment opportunities, the developer of the project has told Lao securities companies.