Laos pins economic hopes on extra electricity

APACNikkei — BANGKOK: As Southeast Asia’s energy demands grow, Laos is banking on increased electricity exports to shore up its economy. The tiny country, which has a population of just under 7 million, has been opening a string of large-scale hydropower stations that will boost its total generation capacity by an estimated 70% by the end of the year compared to 2014.

Information, communications technology summit held in Laos

VIENTIANE, Sept. 25 (Xinhua) — The 2014 Lao ICT Summit has been held here in the capital, attended by the nation’s telecommunications operators and representatives from the Ministry of Post and Telecommunications, Thursday. “New mobile technologies are profoundly changing the way we live and work,” said deputy Minister of the Lao Ministry of Telecommunications and Post Thansamay Kommsith in his speech at the summit’s opening ceremony.

Big opportunity for Southeast Asia IT industry

Despite its late start in the global economic race, Southeast Asia is now considered to have one of the world’s fastest growth rates, with an average GDP of more than 6% over the past decade. The World Bank forecasts that after the economic recession, countries such as the Philippines, Myanmar, Cambodia and Laos will begin to recover their GDP momentum, and can expect growth rates of more than 7% in 2015.