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Home  >>   Daily News  >>   Laos  News  >>   Investment  >>   Indian president wants more Laos investment
NEWS UPDATES 14 September 2010

Indian president wants more Laos investment

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Indian President Pratibha Patil on Monday called on Indian industry big guns to make active efforts to boost bilateral trade between India and Laos above the current modest figure of $7 million.

Speaking at the India-Laos Business Forum here, Patil reassured Lao authorities that India will continue to be a development partner of Laos as part of its Look East Policy.

India also signed a $72.55 million line of credit agreement for hydro-power projects on Monday with Laos to play a beefier role in the south east Asian Least Developed Country's (LDC) growth.

Patil said that the two countries "can expand the basket of trade commodities and increase trade volumes by availing of mutually advantageous opportunities that our economies offer".

She said the tariff concessions granted by India under the Duty Free Tariff Preference Scheme for Least Developed Countries and the India-ASEAN Free Trade Agreement should help stimulate trade.

"Laos is open to foreign investment and, I understand that a series of business laws have been enacted in Laos to simplify investment procedures and regulations," said Patil.

"I think that there is insufficient knowledge in India of this change in Laos, and I call upon this Forum to address this issue, so that Lao and Indian businessmen understand each other better," she said.

With rich in mineral resources like iron ore, copper and gold, an enormous hydropower potential and an average GDP (gross domestic product) growth 7.8 per cent over the last five years, Laos has set the goal to move out of the LDC category by 2020, the president informed.


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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
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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

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