Currency depreciation, inflation challenge Laos

Home >> Daily News >> Laos News >> Economy >> Currency depreciation, inflation challenge Laos

NEWS UPDATES

20 September 2010

June 22, 2010
Laos to improve education

June 19, 2010
Dispute in Philippines over sex education

At a meeting on the implementation of the 2010-2011 socioeconomic development plan held by the ministries of Finance and Planning and Investment Prime Minister Bouasone said that the implementation of the national development plan would be challenged by the impacts of Lao kip depreciation against Thai baht and the high inflation rate despite the constant economic growth and stability.

However, it is expected that the government would achieve its targets. Mr. Bouasone urged the relevant authorities to increase their efforts to realise the economic growth rate of 8 percent and make sure that the state coffer account for 20.8 percent of the nation's gross domestic product (GDP) and limit the inflation rate at the level equaling to or less than the economic growth rate and stabilise the foreign exchange rate.

He asked the relevant authorities to increase the rice output to 3.38 million tonnes and reduce the percentage of poor households down to 19 per cent next year and increase the investment by different economic sectors to 32 per cent of the GDP.

"The 2010-2011 development plan is a leap-up one. It is designed to enable the country to have a fast, stable and sustainable economic growth, stabilising the state coffer and finance system, expanding communication infrastructure to rural areas and integrating the country with the region and the world over as well as achieving the UN millennium development goals and poverty reduction in the country as fast as possible," said Prime Minister Bouasone.

ASEAN UPDATES

INDUSTRY UPDATES

ASEAN STOCKS

ASEAN ANALYSIS

FEATURES

PHRA MONGKOL THEPMUNI
(Luang Phor Sodh Candasaro)

ASEAN INDICES

September 1, 2010

Market

Indices

Change

IDX

3,120.02

38.14

KLCI

1,426.56

4.07

PSEi*

3,566.23

7.56

SGX

7.50

-0.02

SET

918.76

5.57

Source : Relevant bourses
Note : * 31 August 2010

CURRENCY EXCHANGE

September 1,2010

Currency	US$	Euro
Singapore $
	1.32	1.68
Thai Baht *
	31.44	39.90
Malaysia Ringgit
	3.13	3.98
Indonesia Rupiah
	9,079.00	11,513.99
Philippines Peso
	45.31	57.46

Source:Relevant central banks
Note : * 31 August 2010

ASEAN ROUND UP

ASEAN PROFILES

ASEAN KEY DESTINATIONS

TradeBoss.com is an international B2B Marketplace and import export portal focusing on Asian Companies including Chinese Manufacturers, Chinese Exporters and Chinese Wholesalers as well as other copuntry specific B2B Marketplaces.

TradeKey.com - A B2B Companies portal to connect worldwide Buyers with Suppliers, Wholesalers and Distributors

Reader's Comment on www.aseanaffairs.com
Suggestions for aseanaffairs.com
What exactly is solar power? Solar energy is radiant energy that's produced by the sun. More

Home >> Daily News >> Industry Updates >> Tourism

Asean Tourism Contacts

BRUNEI
Tourism Development Division
Ministry of Industry and Primary Resources
Jln. Menteri Besar, Bandar Seri Begawan, Brunei Darussalam
Tel. (673-2) 382822 Fax. (673-2) 382824
Email: bruneitourism@brunet.bn
Website: http://www.bruneitourism.travel/

CAMBODIA
Ministry of Tourism
3, Preah Monivong Blvd, Phnom Penh, Cambodia
Tel. (855-23) 213911 Fax. (855-23) 426107/217503
Email: dgpro@camnet.com.kh
Website: http://www.tourismcambodia.com/

INDONESIA
Ministry of Culture and Tourism
Jl. Medan Merdeka Barat 17, Jakarta 10110, Indonesia
Tel. (62-21)3838157 Fax. (62-21) 3849715
Website:
http://www.budpar.go.id
http://www.my-indonesia.info

LAOS
National Tourism Authority of Lao P.D.R.
Lane Xang Avenue, P.O. Box 3556, Vientiane, Lao P.D.R.
Tel. (856-21) 212248 Fax. (856-21) 212769/2127910
Website: http://www.tourismlaos.gov.la/

MALAYSIA
Ministry of Tourism
Menara Dato' Onn
Putra World Trade Center, 50480, Kuala Lumpur, Malaysia
Tel. (603) 2693 5188 Fax. (603) 269 0207/2693 0884
Email: tourism@tourism.gov.my
Website: http://www.tourism.gov.my

MYANMAR
Ministry of Hotels and Tourism
No. 77-91, Sule Pagoda Road, Yangon, Myanmar
Tel. (95-1) 285689 Fax. (95-1) 289588/254417
Email: dht.mht@myanmar.com.mm / mtt.mht@mptmail.net.mm
Website:
http://www.myanmar-tourism.com/
http://www.hotel-tourism.gov.mm
http://www.myanmar.com/Ministry/Hotel-Tour
http://www.myanmars.net/mtt
http://www.myanmartourismboard.com/

PHILIPPINES
Department of Tourism
DOT Building, T.M. Kalaw Street, Agrifina Circle, Rizal Park
Manila 10004, Philippines
Tel. (632) 523 8411 Fax. (632) 521 7374
Email: deptour@info.com.ph
Website: http://www.wowphilippines.com.ph/

SINGAPORE
Singapore Tourism Board
Tourism Court, 1 Orchard Spring Lane, Singapore 247729
Tel. (65) 736 6622 Fax. (65) 736 9423
Email: stb_sog@stb.gov.sg
Website: http://www.visitsingapore.com/

THAILAND
Tourism Authority of Thailand
1600 New Phetchaburi Road
Makkasan, Ratchathewi, Bangkok 10400, Thailand
Tel. (662) 250 5500 begin_of_the_skype_highlighting (662) 250 5500 end_of_the_skype_highlighting Fax. (662) 253 7437
Email: center@tat.or.th
Website: http://www.tourismthailand.org

VIETNAM
Vietnam National Administration of Tourism
80 Quan Su Street, Hanoi, Viet Nam
Tel. (84-4) 822 8744 Fax. (84-4) 942 4115
Email: binhvnat@hn.vnn.vn
Website: http://www.vietnamtourism.com

August 16, 2010
Thai single visa passport needed

August 10, 2010
Strong Thai currency hurts exporters

Cambodia warns island developers

Reach Southeast Asia! 10- Nations, 560- Million Consumers And $1 -Trillion Market
We are the Voice of Southeast Asia	*Media Kit*
The only Media Dedicated to Southeast Asia	*Advertising Rates for Magazine*
	*Online Ad Rates*
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to your.views@aseanaffairs.com
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited

or
submit your comment in the box below