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Future of Laos, its fiscal stability, hinges on China


Future of Laos, its fiscal stability, hinges on China
03 Jul 2021, 15:27 GMT+10
Bangkok [Thailand], July 3 (ANI): The Southeast Asian nation of Laos is struggling to meet its debt obligations amid sovereign downgrades and depleted foreign reserves.
Peter Janssen, writing in Asia Times said that the future of the country s economy, and its fiscal stability, hinges greatly on mainland China.
This week Laos redeemed a USD 150 million bonds listed on the Singapore Exchange, chipping away only slightly at its ballooning external debt owed over the next five years, reported Asia Times.
Moody s and Fitch credit rating agencies both downgraded Laos sovereign ratings last year in response to the nominally communist country s escalating public debt, declining foreign exchange reserves and concerns about potential defaults on debts coming due, reported Asia Times. ....

Krung Thep Mahanakhon , Adisorn Singhasacha , Fitch Zook , Peter Janssen , Jeremy Zook , People Bank , China Southern Power Grid Company , China Railway , Spine Group , Laos China Railway Company , Singapore Exchange , Southeast Asian , Asia Times , Export Import Bank , Lao China Railway , China Southern Power Grid , Southeast Asia , Twin Pine Group , பீட்டர் ஜான்சன் , ஜெர்மி ஜூக் , மக்கள் வங்கி , சீனா தெற்கு பவர் கட்டம் நிறுவனம் , சீனா ரயில்வே , பைன் குழு , லாவோஸ் சீனா ரயில்வே நிறுவனம் , சிங்கப்பூர் பரிமாற்றம் ,

Future of Laos, its fiscal stability, hinges greatly on China: Expert


The Southeast Asian nation of Laos is struggling to meet its debt obligations amid sovereign downgrades and depleted foreign reserves.
Peter Janssen, writing in Asia Times said that the future of the country s economy, and its fiscal stability, hinges greatly on mainland China.
This week Laos redeemed a USD 150 million bonds listed on the Singapore Exchange, chipping away only slightly at its ballooning external debt owed over the next five years, reported Asia Times.
Moody s and Fitch credit rating agencies both downgraded Laos sovereign ratings last year in response to the nominally communist country s escalating public debt, declining foreign exchange reserves and concerns about potential defaults on debts coming due, reported Asia Times. ....

Krung Thep Mahanakhon , Adisorn Singhasacha , Fitch Zook , Peter Janssen , Jeremy Zook , People Bank , China Southern Power Grid Company , Spine Group , China Railway , Laos China Railway Company , Singapore Exchange , Southeast Asian , Asia Times , Export Import Bank , Lao China Railway , China Southern Power Grid , Southeast Asia , Twin Pine Group , பீட்டர் ஜான்சன் , ஜெர்மி ஜூக் , மக்கள் வங்கி , சீனா தெற்கு பவர் கட்டம் நிறுவனம் , பைன் குழு , சீனா ரயில்வே , லாவோஸ் சீனா ரயில்வே நிறுவனம் , சிங்கப்பூர் பரிமாற்றம் ,

Laos: Farmers seek compensation for paddies and farmland destroyed by railway construction work - Business & Human Rights Resource Centre


Laos: Farmers seek compensation for farmland destroyed by China Railway Engineering s Lao-China Railway project
Photo: Irene Pietropaoli
Lao Village Farmland, Paddies Destroyed by Work on Lao-China Railway Line 29 January 2021
Dozens of families in a village in Oudomoxay province in northwestern Laos have been left without use of their farmland after a Chinese company pushed soil from a railway construction site onto farm plots, gardens, and irrigation systems, sources in the village say.
The company blamed for the damage, the China Railway Engineering Group, is subcontracted to clear land and build track along stretches of a high-speed rail line being built to connect China with Laos and other Southeast Asian countries as part of Chinese President Xi Jinping’s massive Belt and Road Initiative. [.] ....

China Railway Line , China Railway Engineering Group , Village Farmland , Paddies Destroyed , Lao China Railway , Southeast Asian , Chinese President Xi Jinping , Public Works , Transport Department , சீனா ரயில்வே வரி , சீனா ரயில்வே பொறியியல் குழு , கிராமம் விவசாய நிலம் , லாவோ சீனா ரயில்வே , தென்கிழக்கு ஆசிய , பொது வேலை செய்கிறது , போக்குவரத்து துறை ,

Engineering marvel: Laos-China Railway sees 242km of track complete


Laotian Times.
According to a report by Lao Security News, the Lao-China Railway project has now completed almost 60% of track laying.
Chairman of China Railway International Co, Ltd, Ju Guojiang, meanwhile, says the railway tunnels, bridges, and the subgrades have been completed at 95 per cent.
“The railway tracks have now been laid over 242 kilometres, and we expect to complete this successfully in mid-May this year,” said Ju.
The Laos-China railway tracks are now in place from Vientiane Capital to Luang Prabang Province, while the largest passenger railway station, located in Vientiane Capital, is now coming to completion.
The Laos-China Railway Construction Project commenced in December 2016 and is scheduled to be completed and operational in December 2021. ....

Ju Guojiang , China Railway Construction , China Railway , China Railway International Co Ltd , Laos China Railway , Lao Security News , Lao China Railway , Vientiane Capital , Luang Prabang Province , Laos China Railway Construction Project , Vientiane Station , South Vientiane Station , Northern Laos , சீனா ரயில்வே கட்டுமானம் , சீனா ரயில்வே , சீனா ரயில்வே சர்வதேச இணை லிமிடெட் , லாவோஸ் சீனா ரயில்வே , லாவோ பாதுகாப்பு செய்தி , லாவோ சீனா ரயில்வே , வியெந்ஶேந் மூலதனம் , லாவோஸ் சீனா ரயில்வே கட்டுமானம் ப்ராஜெக்ட் , வியெந்ஶேந் நிலையம் , தெற்கு வியெந்ஶேந் நிலையம் , வடக்கு லாவோஸ் ,