It’s not necessary for Lao buyers to purchase vehicles which were stolen overseas, officials have said, because many people are buying their cars on finance with a minimum deposit and instalment payments.
State auditor Discovers 3 Trillion Kip in Unreported Revenue
State Auditing Organisation (SAO) has said it discovered over 3.1 trillion kip in revenue that was not reported over the period from 2010-2015.
Sayaboury Province’s Boudsaba Crowned Miss Laos 2016
Vientiane, Oct 9 – The much talked about search for the winner of the Miss Laos Competition 2016 has at last come to a conclusion. Miss Boudsaba Sengphan, aged 18, of Sayaboury Province was crowned last night as the new champion of Lao beauty, grace and elegance. The young winner stands at an impressive 172cm tall with impressive body measurements (bust 33 – waist 25 – hips 35).
Known to the public as M19, Boudsaba Sengphan received strong online support from the public throughout the campaign period. She was selected as one of the top 5 finalists before being announced the winner.
As the new Miss Laos 2016, Sengphan has been endowed with the coveted Miss Laos diamond crown, a gold encrusted iPhone 7 Plus, 50,000,000 kip in cash, a car worth 190,000,000 kip, and other prizes.
The first runner up title went to M20, Miss Kitsamay Bounthivolavong, aged 20, from Savannakhet Province who received 25,000,000 kip in cash and other prizes.
The second runner up belonged to M18, Miss Phonevilay Luangrath, aged 18, from Vientiane Capital, who received 20,000,000 kip in cash and other prizes.
The third runner up went to M13, Miss Maikham Vilayvanh, aged 22, from Vientiane Capital, who received 15,000,000 kip in cash and other prizes.
The fourth runner up was M6, Miss Sathiew Sengsoulith, aged 21, from Xiengkuang Province, who received 13,000,000 kip in cash and other prizes.
The event was held at the gorgeous Landmark Riverside Hotel.
Photo Credit: Official Miss Laos Facebook Page
Andritz Hydro to Supply Nam Theun 1
Andritz Hydro is to supply electromechanical equipment for the Nam Theun 1 hydropower project in Lao PDR in a contract awarded by Phonesack Group Limited.
Andritz’s scope of supply for the project comprises design, manufacturing and the supply of the complete electromechanical equipment, including three vertical Francis turbines with a total output of around 670MW, model test, generators, governors, automation system, main transformer, medium- and low-voltage switchgears, power and control cables, fire protection system, 500kV GIS (Gas Insulated Switchgear), the main inlet valve, mechanical auxiliaries, installation supervision and commissioning.
Nam Theun 1 is a hydropower storage scheme using the water from the Nam Kading River. It is a major project of the Lao and Thai Power development plan and will strongly contribute to the grid stability in both countries. Electricity will be supplied to Lao and Thailand by dedicated transmission lines. Commercial operation is scheduled to start by the end of 2020.
Andritz has previously successfully supplied hydropower equipment for Huay Ho, Nam Theun 2, Theun Hinboun and Nam Lik over the last few years in Lao.
Source: Water Power Magazine
Appeal Won Against Laos Government Sets New Standards For Both SARS
Sanum Investments, a Macau-based American company, recently appealed against the Laos government in a case judged by the Singapore International Arbitration Center (SIAC). The case resulted in a clarification of the terms concerning the international legal status of the region, specifically its relationship with international agreements signed by the central government of China.
Vietcombank Proposes Plan For New Lao Subsidiary
Hanoi – Vietcombank plans to set up a 100 per cent owned subsidiary bank in Laos.
Malaysia, the 8th Largest Investor in Lao PDR
Malaysia is now the 8th largest foreign investor in Lao PDR rising from the tenth position in 2010.
Lao National Teacher’s Day Celebrated in Vientiane
The private Progress School on Thursday held a ceremony to celebrate the 22nd anniversary of Lao National Teacher’s Day (Oct 7).
