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NEW UPDATES Asean Affairs   25 December 2013  
Laos to borrow $225m

VIENTIANE - Communist Laos plans to borrow 1,800 billion kip (225 million United States dollars) and sell 300 billion kip (37.5 million) in bonds to address its budget deficit, reports said on Tuesday.

In the fiscal year 2013-2014, ending on Sept 30, Laos plans to spend 17,830 billion kip, forcing the government to seek loans from international investors and sell bonds to local and foreign buyers to meet its target, the prime minister's office said.

"Economists have cautioned that the budget deficit level is high," the Vientiane Times reported.

Laos, a landlocked country of about 6 million people, is ranked among the world's poorest countries. More than 50% of its budget is covered by international aid donors.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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