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BCEL-KT: Trade Summary (Dec 23, 2016)

Trade summary

Lao stock market sew lower on the final trading day of the week, after banking stock hitting 5,500 kip on mid morning, then turn down to close at 5,050 on the final trading session, but also higher by 50 kip compare from previous day. The trading volume was mostly contributed by BCEL, which saw 47,700 shares traded for 255.5 million kip. The volume of the Energy stock however, was not impressive, with just 1,000 shares matched. SVN made a now points lower by 300 kip to 2,700 kip, with small volume of 300 shares traded, while the other stocks had no trading.

The market index slightly lower by 0.41% or 4.16 points to 1,008.56 points. Total market turnover worth around 261 million kip.

 

 

SCG Muang Thong United to Play Friendly Match in Lao PDR

A friendly football match between SCG Muang Thong United and Lao Premier League All Star will be held at the Chao Anouvong stadium in Vientiane Capital on January 25.

SCG, a leading conglomerate for sustainable development in the ASEAN region, is organizing SCG Muang Thong United ASEAN Tour 2017 in Lao PDR.

As the main sponsor of Muang Thong United, a leading ASEAN football club with a big following in Lao PDR, SCG is pleased, with the cooperation of Lao Football Federation, to host the friendly football match between Lao Premier League All Stars and SCG Muang Thong United.

Mr. Xaybandith Rasphone, General Secretary of Lao Football Federationsaid, “We would like to thank SCG for organizing SCG Muang Thong United ASEAN Tour 2017 in Laos. The friendly football match will be regarded as an important event. As we know, football in the ASEAN region has developed significantly.  In Laos, we have been trying a lot to promote football during the past several years, especially the Lao League. As can be seen, a Lao football club got a quota to play in the Asian football league. Moreover, the Lao Premier League All Stars team was established to award outstanding players and to welcome matches against foreign teams. We also would like to thank SCG for hosting the Football Clinic for Lao young people. This will be an excellent activity that will help to inspire the children of the country.”

Mr. Wiroat Rattanachaisit, Managing Director of Sales and Channels at SCG Cement-Building Materials Co., Ltd. added,“Apart from our business objectives, SCG is strongly committed to sustainable business practices. We actively and constantly strive for the sustainable development of human capacity. As can be seen, SCG has continued to implement the “SCG Sharing the Dream” program, which is one of SCG’s social responsibility activities, for five years in Lao PDR. Another important activity that SCG believes will be beneficial for the development of human capacity in Lao PDR is sport, which is considered as an international language to reach many people regardless of sex or age.”

Mr Ronnarit Suewaja, Club Director and Executive Director SCG Muang Thong United said that this match aims to test the football team by competing with other national football teams in ASEAN.

The next SCG Muang Thong United ASEAN Tour 2017 will visit Hong Kong.

Along with the match, a Football Clinic will be offered to Lao young people to practice with professional players and coaches from Muangthong United’s Football Academy. The proceeds from the match will be donated to charitable organizations to help improve the quality of life for Lao people.  Tickets are available for 20,000 kip at any True Coffee or Jiffy convenience store or by calling +856 (020) 7899 5959.

 

Source: KPL

Laos, Vietnam Enhance Cooperation on Propaganda Affairs

A bilateral meeting between a delegation of the Party Central Committee’s Propaganda and Training Board led by its Head Kikeo Khaykhamphithoune, and their Vietnamese counterparts led by Vo Van Thuong, Chairman of the Central Propaganda and Training Committee of Vietnam was held on Dec 22.

The Vietnamese delegation was on a working visit to Laos on Dec 22-23 to enhance the friendly relations, special solidarity and comprehensive cooperation between the two Parties, governments and fraternal people of Laos and Vietnam, especially the relations and cooperation between the two propaganda and training committees.

Both sides noted that they have maintained exchanges of lessons and information over the past years and agreed to continue to enhance the cooperation between the two commissions over the next five years (2016-2021) in a concrete and constant manner.

Both sides agreed to continue to promote the exchange of visits of senior and retired officials and technical staff so that they can exchange lessons on propaganda affairs.

The Vietnamese side agreed to host short and medium term training courses for Lao propaganda and training staff at central and local levels.

Both sides also agreed to hold several activities in 2017 to commemorate the 55th anniversary of diplomatic relations and the 40th anniversary of the signing of Laos – Vietnam Treaty of Amity and Cooperation.

 

Source: KPL

VCDs Promote Gender Equality without Violence against Women

VCDs containing five short films on the topic Promoting Gender Equality without Violence against Women (VAW) will be disseminated to the general public following a handover ceremony which took place on Thursday, December 22 in Vientiane Capital.

The Gender Development Association (GDA) presented the VCDs to the Commission for Women’s Advancement, Mother and Child of the Ministry of Information, Culture and Tourism (MICT).

The VCDs were presented by Director of the Gender Development Association Manivanh Suyavong to Deputy Minister of Information, Culture and Tourism Savankhone Razmountry.

In collaboration with the Commission for Women’s Advancement, Mother and Child of the MICT, GDA implemented a drama contest on VAW under the theme of promoting gender equality through the rule of law and good governance project funded by Oxfam and the EU.  The winning short films are featured on the VCD.

The VCDs were produced by the Film Department of the MICT and feature five short stories including “To Breath”, “Mommy, Daddy & Me”, “Opportunity”, “Violence of Love in Learning Ages”, and “Belief”.

“The problem of violence is everywhere in the world and not only rural or remote areas.  It has been a problem for a long time, but today we have this VCD to raise awareness throughout society about the importance of eliminating violence against women,” said Mr Savankhone.

He said that the VCDs also promote gender quality to achieve socio-economic development goals and reduce poverty.

Mr Savankhone thanked the participants and supporters of the production of the VCDs while giving assurances that they would be disseminated to the public in society in the continuing efforts to eliminate all violence in society.

“The VCDs will be disseminated in communities and to training organizing.  I hope that they will benefit society in promoting gender equality as well as raising awareness about this issue throughout the country,” said Ms Manivanh.

She is calling on the public to work together to solve the problem of violence in the country.

 

Source: KPL

Front President Meets with Russian Guest

President of the Lao Front for National Construction Xaysomphone Phomvihane received on Dec 22 a courtesy visit from Andrey Klichkov, Vice President of the Commission on Religions and Mass Organisations of Duma of Moscow on the occasion of his working visit to Laos on Dec 20-26.

At the amicable talks, Mr Xaysomphone highly valued the visit to Lao by the Russian  delegation as a contribution to enhancing and promoting the longstanding relations between the two Parties and people of Laos and Russia.

The host also briefed the guest about the socio-economic achievements in the Lao PDR including the successful 10th Party Congress of the Lao People’s Revolutionary Party and expressed gratitude to the Communist Party and people of Russia upon their priceless support and assistance to the Lao PDR in the past and present time.

The host also appreciated the Communist Party of Russia upon its active performance.

In reply the guest congratulated Laos upon the achievements in socio-economic development the Party, government and people of Laos have recorded over the past years.

The Russian delegation is on a working visit to Laos to enhance the longstanding relations and cooperation between the two parties as well as to discuss preparations for celebrating the 100th anniversary of the Great October Socialist Revolution and to extend the invitation to the host Party leaders to take part in such celebration in Moscow in 2017.

Earlier, on Dec 21, Mr Andrey and his delegation met with Mrs Sounthone Xayachak, Head of the Party Central Committee’s Commission for External Relations where both sides informed each other of their respective socio-economic development and highly valued the cooperation and relations between the Lao People’s Revolutionary Party and the Communist Party of the Russian Federation and direction of cooperation between both sides in the years to come.

The visiting delegation also paid courtesy calls to other senior officials.

 

Source: KPL

BCEL-KT: Trade Summary (Dec 22, 2016)

Trade summary

Lao stock market mixed on Thursday, as energy stock jumped by 50 kip to close at 5,000 kip, posting trading volume of 19,000 shares. Unfortunately banking stock opened slightly lower by 50 kip to close at 5,000 kip posted of 2,200 shares matched.

Today, the index slightly higher by 0.75% or 7.52 points to 1,012.72 points, with trading volume of 21,500 shares higher compare to previous day, worth around 106 million kip.

 

Market closing day

We would like to notify its market closing days on the occasion of ending the year 2016 and the beginning of the year 2017 as follow:

28 – 30 December 2016: Last 3 Business Days
02 January 2017: Compensate for New Year’s Day

LSX will resume to normal operation on 03-Jan-2017

 

Blood Transfusion Centre still Understocked

The Lao Red Cross National Blood Transfusion Centre is still unable to provide enough blood to meet demand because more and more is needed for road accident victims.

The rapid increase in the number of road accident victims is a big problem for the centre when it comes to evaluating the amount of blood it needs and providing that blood, according to the Director, Dr Chanthala Souksakhone.

Speaking to Vientiane Times yesterday at a blood donation event to mark National Day, Dr Chanthala said that from March to October this year the centre had used about 30 percent of its stocks for road accident victims.

But he also said that blood transfusion services had steadily improved.

The centre has integrated its services with the health care system to ensure the availability, safety, and quality of blood and blood products for hospital patients.

About 200 students from schools in Vientiane donated their blood at yesterday’s event.

This year, the centre aimed to collect 38,000 bags of blood for public use and was able to achieve that target between March and October.

While the centre is pleased with its success in getting more people to donate blood, it is unable to fulfil the hospital’s needs because about 60,000  bags of blood are needed each year, Dr Chanthala said.

The centre can supply 80 bags of blood a day but hospitals need about 170 bags a day.

“I would like to thank all donors and point out that Laos needs more blood donations to save the lives of road accident victims,” he added.

Regular, voluntary, unpaid blood donors are the safest group of donors as the prevalence of blood-borne infections is lowest among these donors.

According to the World Health Organisation (WHO), about 107 million units of blood are collected globally every year. Nearly 50 percent of these blood donations are collected in high-income countries, home to 15 percent of the world’s population.

In Laos, almost 35,000 units were collected in 2013, which constitutes only 58 percent of the 60,000 units recommended by the WHO for a country the size of Laos.

About 40 countries are still dependent on family donors and even paid donors when a family member needs a blood transfusion, Dr Chanthala added.

The WHO hopes to mobilise youth, communities and society as a whole by raising awareness on this issue, and asking everyone to come together and make a difference.

Working with the Ministry of Health in Laos, the WHO advocates for regular voluntary unpaid blood donations and thanks people who are already donating regularly for their life-saving gift.

 

Source: Vientiane Times

Vientiane Authorities Promote Road Safety

The Traffic Police Department of the Ministry of Public Security, in partnership with Lao Brewery Co., Ltd, is continuing its road safety awareness project to reduce the rising number of accidents and traffic congestion.

Director General of the Traffic Police Department, Colonel Khamthavai Phetouthai noted at the road safety awareness project ceremony on Thursday in Vientiane that The number of vehicles is continuing to increase, which is leading to more accidents and traffic congestion in the country.

In 2014, there were 5,072 road accidents around the country, in which 9,264 people sustained injures while there were 1,054 fatalities.

In 2015, there were 4,349 road accidents nationwide, in which 6,686 people sustained injuries while there were 797 fatalities. The cost of damages was estimated at over 90 billion kip, he said.

According to the department, from January to August 2016, there were 3,746 accidents recorded nationwide during this time, including 714 fatalities. Some 5,935 people were injured and 6,883 vehicles were damaged.

Meanwhile, motorbikes were involved in 95 percent of the accidents, with 90 percent of those dying in accidents being male.

The majority of accidents occurring around the country still involved drunken driving and high speeds.

The project will be handing out information on the traffic regulations and the dangers of careless driving. The on-going activities have helped participants have a better understanding about traffic rules and the danger of accidents.

The project is focused on enforcing the traffic regulations along the national roads, setting up checkpoints to monitor motorists’ speeds and assessing their levels of sobriety along important roads.

In particular, the project has highlighted the meaning of road safety and traffic signs, the anti- drink-driving message, and also distributed stickers and brochures at schools, roadsides and to participants during activities.

Following the campaign, the authorities hope society will have a much better understanding of the traffic regulations, especially students at man y schools, as young people are over represented in road statistics.

The project will run from December 2016 to March 2017 and then they will summarise their results.

A ceremony for the road safety awareness project launch took place at the Traffic Police Department office on Thursday and was attended by Deputy Director General of the General Police Department, Brigadier General Dr Thongsavanh Vongsavath, Director General of the Traffic Police Department, Colonel Khamthavai Phetouthai, and President of Lao Brewery Co., Ltd., Mr Sounthone Phommachack. Lao Brewery Co., Ltd supported this year’s operations with funds totalling 260 million kip.

 

Source: Vientiane Times