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News in banking and finance

Kunming-Singapore rail link stuck in Laos

Google News - Sun, 2016-06-05 02:02
But in Laos, work has yet to start on what should be the first overseas leg of a rail line stretching throughout Southeast Asia. The country, one of the region's poorest, could struggle to finance even part of the US$7 billion (RM29 billion) cost and ... catched

Laos announces measures to prevent 'ghost' projects

Google News - Mon, 2016-05-30 08:35
DECISIVE MEASURES have been worked out to prevent further so-called ghost projects following a report which revealed that many such projects had been uncovered, costing the state billions of kip. Deputy Prime Minister and Finance Minister Somdy ... catched