Laos News
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Resona Holdings Inc., Japan’s fifth- largest bank by market value, is poised to tie up with Malaysia’s Public Bank Bhd. as part of its efforts to expand in Asia.
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PanAust Ltd., the Australian operator of copper, gold and silver mines in Laos, said it may be an acquisition target after losing a third of its market value this year as metal prices slumped.
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Japan said it will boost financial cooperation with Southeast Asian nations, support their bond markets and make it easier for Japanese companies to raise funds in local currencies.
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Afghan President Hamid Karzai won’t be hurt by revelations that the U.S. Central Intelligence Agency has funneled millions of dollars to his office because such dealings are expected in a society steeped in patronage, according to two former CIA officers.
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When a ship’s crew in the Bering Sea contracted an intestinal illness in late 2012, United Parcel Service Inc. flew in medicine by helicopter. It sent $9 million of flu vaccines to Laos, too, keeping them at a constant temperature for five days across 9,000 miles.
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The U.S. is moving to boost trade ties with Myanmar days after the European Union lifted sanctions as companies seek access to the former military regime sandwiched between China and India.
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Malaysia’s ringgit advanced for a third day, the longest rally in three weeks, on speculation further monetary easing in Japan and Europe will boost demand for emerging-market assets.
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Billionaire Dhanin Chearavanont’s CP All Pcl, owner of Thailand’s 7-Eleven chain, offered to pay about $6.6 billion for discount retailer Siam Makro Pcl in the biggest takeover announced in Asia this year.
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The World Trade Organization is poised this month to accept Laos, the smallest economy in the 10-member Association of Southeast Asian Nations and the last one outside the global trading club.
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Wandering the corridors of the stately royal palace in Luang Prabang, I get a sense of deja vu as I peer into the bedroom of the last king of Laos.
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