A reusable bamboo straw producer from the Lao People’s Democratic Republic (Lao PDR) beat 111 entrants from across Southeast Asia to take the top prize in the 2018 Mekong Innovative Startups in Tourism (MIST) challenge.
VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (16 October 2018) —The Asian Development Bank and the Government of the Lao People’s Democratic Republic today signed grant agreements worth $125.5 million in total for three projects in the tourism and urban sectors.
Blessed with rich natural resources and a strategic location at the heart of the Greater Mekong Subregion, the Lao People’s Democratic Republic has emerged from decades of turmoil and isolation to become one of the fastest growing economies in Southeast Asia since 2011.
In the Greater Mekong Subregion, unregulated medicines in the supply chain, including substandard or fake medicines, are fueling resistance to artemisinin combination therapies, the most effective treatment for falciparum malaria.
Japan and the five Southeast Asian countries of the Greater Mekong Subregion adopted the Tokyo Strategy 2018 at the 10th Mekong-Japan Summit Meeting in Tokyo on 9 October.
Germany has committed 4 million euros ($4.6 million) to strengthen cross-border water cooperation in the Greater Mekong Subregion through the Mekong River Commission.
The Lao People’s Democratic Republic will start building a section of National Road 11 that will make it easier to travel to northern Thailand.
A young businesswoman offering motorcycle tours led by women is one of the entrepreneurs supported by a tourism accelerator program in the Greater Mekong Subregion.
HONG KONG, CHINA (26 September 2018) — Slower demand growth and an unfavorable trade environment has dampened the People’s Republic of China’s (PRC) growth outlook for 2019, although supply-side reform, strong service sector growth, as well as monetary and fiscal support will keep the PRC’s economy on track, according to a new report by the Asian Development Bank.