VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (3 April 2019) — Economic growth in the Lao People’s Democratic Republic is expected to remain stable this year and next, supported by the expanding agriculture, energy, industry, and services sectors.
The Lao People’s Democratic Republic (PDR), Malaysia, and Thailand confirmed the second phase of the Lao PDR, Thailand, and Malaysia Power Integration Project (LTM-PIP) at the 37th ASEAN Ministers on Energy Meeting (AMEM) held on 4 September 2019 in Bangkok, Thailand.
Lao PDR sells electricity to Malaysia using Thailand’s electricity transmission network through the LTM-PIP. The second phase expands Lao PDR’s electricity export from 100 megawatts to a maximum of 300 MW.
The Lao People’s Democratic Republic has issued a law to guide railway development and ensure integration of its rail services with regional and global networks.
The Governments of Thailand and Myanmar officially opened the second Thailand-Myanmar Friendship Bridge to traffic on 30 October 2019 in Tak province, Mae Sot district, Thailand. The bridge crosses over the Moei river, and connects the Mae Sot District of Thailand with Myawaddy in Myanmar.
The People’s Republic of China launched last month a high-speed rail service between Yunnan province’s capital Kunming and Lijiang, a tourist destination and UNESCO World Heritage site.
Financial resource mobilization by the Malaria Trust Fund has helped eradicate malaria and build strong foundations for health systems in the Greater Mekong Subregion.
HONG KONG, CHINA (3 April 2019) — Growth in the People’s Republic of China (PRC) is expected to moderate in the next two years as global growth slows and trade tensions with the United States weigh on trade and investment.
Dr. Phouthone Muongpak, Deputy Minister of Health of the Lao People’s Democratic Republic (PDR) underscored the importance of considering health indicators, in particular child nutrition, when it comes to investments in health. Reducing malnutrition continues to be a key challenge in Lao PDR, one that requires political, financial, and collaborative efforts from all sectors and levels, according to Dr. Muongpak.
The International Finance Corporation is partnering with Thailand-based Amata Corporation to develop sustainability projects for cities, towns, and industrial zones in the Greater Mekong Subregion. The projects will promote green growth and sustainable design practices.
The Governments of Thailand and Myanmar signed a Memorandum of Understanding to improve immigration checkpoint and logistics clearances for cross-border trade in the Mae Sot (Thailand) and Myawaddy (Myanmar) checkpoint. The signing took place at the 23rd Ministerial Conference of the Greater Mekong Subregion Economic Cooperation Program.