Laos Aiming To Leave Least Developed Country List

Posted on 19/05/2012 by J&C
Laos Aiming To Leave Least Developed Country List

The government of Laos has taken the unique step of stating its ambition to graduate from the UN list of Least Developed Countries (LDC) by 2020.
This is unprecedented according to a member of the UN Committee for Development Policy (CDP). “Our experience is that all of those countries so far who have been identified as potential candidates for LDC graduation have resisted this”.
The main concerns for countries exiting LDC status are a potential reduction in overseas development assistance (ODA) and preferential trade treatment. In 2010 Laos received US$413.79 million in ODA.
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Lao Sticky Rice Wine With A Potent Bite

Posted on 10/05/2012 by J&C
Lao Sticky Rice Wine Comes With A Potent Bite

Forget eating the worm after downing your tequila – with these bottles of unusual wine produced in Laos, a tasty tipple comes with a far more potent bite. This potion, known as lao bong ya, is believed to ward off evil spirits and cure the sick.
Because snake venoms are protein-based, they are inactivated by the denaturing effects of ethanol, and thus are no more dangerous, meaning you’ll avoid a pounding hangover.
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$15M Suit Seeks Control Of Laos Slot Machines

Posted on 07/05/2012 by J&C
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A company that owns slot machine clubs in Laos is demanding at least $15 million from another slot machines supplier that transacts business within the CNMI.
Sanum Investments Limited, through counsel Daniel C. Stafford, is suing Silver Heritage Ltd. and 20 unnamed co-defendants in Superior Court for intentional interference with contractual and economic relationships. Sanum is demanding $15 million in actual damages, plus other damages, court costs, and attorney’s fees. Continue reading →

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Black Canyon Coffee Opens Franchise in Vientiane

Posted on 07/05/2012 by J&C
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Black Canyon Coffee officially opened a franchise on Samsenthai Road in Chanthabouly district, Vientiane, on Thursday.
The restaurant offers coffee, drinks and food that will appeal to both locals and foreigners. Laos is one of eight countries in which Black Canyon operates, along with Thailand, Singapore, Malaysia, Indonesia, Myanmar, Dubai and Cambodia Continue reading →

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