Lao

Why ASEAN nations need to jointly fund their fight against illegal, unreported and unregulated fishing

Retrieved on: 
Friday, August 4, 2023

The use of illegal fishing tools and bombs for unlicensed fishery activities haunt local fishermen, who have to deal with its economic, social and environmental repercussions.

Key Points: 
  • The use of illegal fishing tools and bombs for unlicensed fishery activities haunt local fishermen, who have to deal with its economic, social and environmental repercussions.
  • However, despite agreements and discussions in the past, the fight against IUU fishing remains largely ineffective due to various challenges.

Staggering economic and other costs

    • The total economic loss is estimated to reach a staggering US$6 billion in 2019.
    • Meanwhile, the economic exclusive zones (EEZ) – a territorial sea where local fishermen can sail and catch fish – of each member country also vary significantly.
    • Beyond the economic implications, IUU fishing causes severe social impacts from illegal recruitment and employment of Southeast Asian workers, leading to various types of abuses.
    • Without knowing precisely the impacts of IUU fishing, both in economic costs and non-economic repercussions, it is hard to reach practical solutions because there is no shared indicator used to measure the total cost.

Competing national interests

    • Each member country has its own national interests, making it challenging to focus on regional interest ahead of the national ones.
    • However, regional agreements can lack teeth, especially when they collide with the national interests of each member country.
    • As a result, each ASEAN member only carries out and prioritises its national interest.

How ASEAN nations could pay for an IUU fighting fund

    • The presence of a joint regional fund can potentially bridge overlapping national interests among ASEAN countries.
    • A suitable model for joint funds can be inspired by the COVID-19 ASEAN Response fund, which provides financial resources to create regional actionable programs among ASEAN members.
    • For instance, ASEAN can design the joint fund annually like a state budget to accommodate necessary programs.

ASEAN+3 Growth Momentum to Remain Intact as Risks Recede

Retrieved on: 
Tuesday, July 11, 2023

AMRO revised its 2023 inflation forecast for the region—excluding Lao PDR and Myanmar—to 3.0 percent, slightly lower than its previous forecast of 3.4 percent.

Key Points: 
  • AMRO revised its 2023 inflation forecast for the region—excluding Lao PDR and Myanmar—to 3.0 percent, slightly lower than its previous forecast of 3.4 percent.
  • Growth is expected to ease slightly to 4.5 percent in 2024 while inflation is projected to moderate further to 2.4 percent.
  • "Recovering labor markets and falling inflation, along with steadily growing intra-regional tourism, are helping to cushion growth against sluggish external demand that is dampening the region's exports."
  • "Downside risks to the region's outlook have receded since April, but we are not out of the woods yet," Khor cautioned.

"Enjoy the Wonder of Mountains, Share the Beautiful of Life, Revitalize the Tourism Industry" - the Theme Events of International Mountain Tourism Day 2023 Opens in Laos

Retrieved on: 
Thursday, June 1, 2023

Francesco Frangialli (former UNWTO Secretary-General), Emma Chen, Franka Gulin, Jin Zhun (Secretary-General of CASS), and Song Liguo (representative of Trip.com Group ) gave a keynote speech. Wu Mai, Deputy Secretary-General of IMTA, releaseed the Revitalizing tourism and creating a bright future together----Vientiane Consensus for International Mountain Tourism Day 2023.

Key Points: 
  • LONDON, June 1, 2023 /PRNewswire/ -- On May 29th, the International Mountain Tourism Day 2023 began in Vientiane, Laos, with the theme "Enjoy the Wonder of Mountains, Share the Beauty of Life, and Revitalize the Tourism Industry."
  • Francesco Frangialli (former UNWTO Secretary-General), Emma Chen, Franka Gulin, Jin Zhun (Secretary-General of CASS), and Song Liguo (representative of Trip.com Group ) gave a keynote speech.
  • Wu Mai, Deputy Secretary-General of IMTA, releaseed the Revitalizing tourism and creating a bright future together----Vientiane Consensus for International Mountain Tourism Day 2023.
  • The events also included activities such as launching ceremony, theme forum, Asian Mountain Tourism Promotion Conference, IMTA "World-famous Mountains Recommendation" and exchanges meetings.

"Enjoy the Wonder of Mountains, Share the Beautiful of Life, Revitalize the Tourism Industry" - the Theme Events of International Mountain Tourism Day 2023 Opens in Laos

Retrieved on: 
Thursday, June 1, 2023

Francesco Frangialli (former UNWTO Secretary-General), Emma Chen, Franka Gulin, Jin Zhun (Secretary-General of CASS), and Song Liguo (representative of Trip.com Group ) gave a keynote speech. Wu Mai, Deputy Secretary-General of IMTA, releaseed the Revitalizing tourism and creating a bright future together----Vientiane Consensus for International Mountain Tourism Day 2023.

Key Points: 
  • LONDON, June 1, 2023 /PRNewswire/ -- On May 29th, the International Mountain Tourism Day 2023 began in Vientiane, Laos, with the theme "Enjoy the Wonder of Mountains, Share the Beauty of Life, and Revitalize the Tourism Industry."
  • Francesco Frangialli (former UNWTO Secretary-General), Emma Chen, Franka Gulin, Jin Zhun (Secretary-General of CASS), and Song Liguo (representative of Trip.com Group ) gave a keynote speech.
  • Wu Mai, Deputy Secretary-General of IMTA, releaseed the Revitalizing tourism and creating a bright future together----Vientiane Consensus for International Mountain Tourism Day 2023.
  • The events also included activities such as launching ceremony, theme forum, Asian Mountain Tourism Promotion Conference, IMTA "World-famous Mountains Recommendation" and exchanges meetings.

EQS-News: tokentus investment AG invests USD 300,000 into Transak Inc, a provider of global web3 payment and onboarding infrastructure

Retrieved on: 
Thursday, June 1, 2023

tokentus investment AG invests USD 300,000 into Transak Inc, a provider of global web3 payment and onboarding infrastructure

Key Points: 
  • tokentus investment AG invests USD 300,000 into Transak Inc, a provider of global web3 payment and onboarding infrastructure
    The issuer is solely responsible for the content of this announcement.
  • Trusted by over 350+ applications, including MetaMask and Coinbase Wallet, Transak is making web3 applications more accessible.
  • By utilizing Transak, web3 platforms gain the capability to onboard users across 150+ countries, facilitating the purchase or sale of crypto assets.
  • With this financing round the company is aiming to become a full stack web3 payments and onboarding infrastructure company.

Arbor Day Foundation to Help Restore Critical Ecosystems in Southeast Asia

Retrieved on: 
Thursday, May 18, 2023

The Arbor Day Foundation has helped plant trees in more than 50 countries worldwide, but will plant in Laos this spring for the first time in the organization’s history.

Key Points: 
  • The Arbor Day Foundation has helped plant trees in more than 50 countries worldwide, but will plant in Laos this spring for the first time in the organization’s history.
  • The Foundation will partner with the Global EverGreening Alliance and the World Wide Fund for Nature (WWF) to revive forests of greatest need in the Southeast Asian country.
  • The effort in Laos aligns with the Arbor Day Foundation’s goal to plant 500 million trees with a focus in forests of greatest need by 2027.
  • By collaborating with trusted and committed organizations like Arbor Day Foundation and WWF-Laos we are making a significant impact,” said Chris Armitage, CEO of the Global EverGreening Alliance.

CGTN: China's vision of community with shared future for mankind builds global consensus

Retrieved on: 
Sunday, March 19, 2023

The Belt and Road Initiative (BRI) proposed by Xi in 2013 has become one of the most popular international platforms for global cooperation.

Key Points: 
  • The Belt and Road Initiative (BRI) proposed by Xi in 2013 has become one of the most popular international platforms for global cooperation.
  • Within the BRI's framework, Indonesia's intercity Jakarta-Bandung High-Speed Railway, the first of its kind in the ASEAN region, has started trial operations.
  • Also, Cambodia's first-ever Phnom Penh-Sihanoukville Expressway, Croatia's Peljesac Bridge and Pakistan's Karot Hydropower project are in operation.
  • We need to help each other achieve sound development as we work to ensure our own development.

CGTN: China's vision of community with shared future for mankind builds global consensus

Retrieved on: 
Sunday, March 19, 2023

The Belt and Road Initiative (BRI) proposed by Xi in 2013 has become one of the most popular international platforms for global cooperation.

Key Points: 
  • The Belt and Road Initiative (BRI) proposed by Xi in 2013 has become one of the most popular international platforms for global cooperation.
  • Within the BRI's framework, Indonesia's intercity Jakarta-Bandung High-Speed Railway, the first of its kind in the ASEAN region, has started trial operations.
  • Also, Cambodia's first-ever Phnom Penh-Sihanoukville Expressway, Croatia's Peljesac Bridge and Pakistan's Karot Hydropower project are in operation.
  • We need to help each other achieve sound development as we work to ensure our own development.

Expo ties Guizhou to the world

Retrieved on: 
Friday, November 11, 2022

The 11th China (Guizhou) International Alcoholic Beverages Expo is being held in Guiyang, capital of Southwest China's Guizhou province, on Nov 9-12.

Key Points: 
  • The 11th China (Guizhou) International Alcoholic Beverages Expo is being held in Guiyang, capital of Southwest China's Guizhou province, on Nov 9-12.
  • This year's expo attracted more than 3,000 exhibitors from across the world, who attended both online and on-site, the most ever for the expo.
  • On Nov 9, a conference on international business cooperation between Guizhou and foreign chambers of commerce and industry associations was held as part of the expo to promote bilateral and multilateral cooperation in trade and investment between Guizhou and other countries.
  • The cultural exchanges between Guizhou and Laos are very frequent, as Laos has attended the China-ASEAN Education Cooperation Week many times, sent Lao students to Guizhou universities, and carried out cooperation with Guizhou in vocational education, Yang added.

Profound message: Global youth inspired by Xi's reply letters to develop close bonds, share the future

Retrieved on: 
Wednesday, October 19, 2022

For thousands of years, letters, across mountains and oceans, have been delivering the writers' sentiments, friendship, and expectations.

Key Points: 
  • For thousands of years, letters, across mountains and oceans, have been delivering the writers' sentiments, friendship, and expectations.
  • The letters have also added vivid color to the diplomacy between China and other countries in the last decade.
  • "In the future, I would like to stay in China and be part of its development.
  • Because I am still curious about China's future and want to personally participate in the rapid development of China."