Laos has been featured quite extensively in the International media over the last week with the Lao Securities Exchange (LSX) opening for business. The Wall Street Journal, Bloomberg, AFP, BBC, amongst others, all covered the opening of the stock exchange with two companies initially floating, BCEL (Bank) and EDL (Electricity supplier). As the Vientiane Times told us, the LSX is a joint venture between the Lao government and Korea Securities Exchange.
The International press focused on the stock exchange as a further symbol of the country’s transition from communism to capitalism. BBCs, From Our Own Correspondent, highlighted the role of private enterprise and foreign investment in bringing in a new era of prosperity. The report covered some of the major development issues in Laos; UXO, foreign direct investment, infrastructure and the private sector.
Following on from the opening of the Lao Securities Exchange, the Vientiane Times reports that Lao journalists are receiving training on stock market reporting. This is being facilitated by the Japanese Nikkei Inc group, the Chairman of which recently visited the country, see blog post, Wednesday 8th December. As the article states the Japanese newspaper sees Laos as an important emerging nation in Asia and improving the reporting on the stock exchange can provide information for investors and monitor the operations of the market.
Meanwhile with reference to the post re: KPL News changing names to Laos News, posted below. After a total of 2 copies Laos News has now reverted back to KPL News.
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