Damrongsak will be next police chief

The particular National Police Policy Commission (NPPC) upon Monday approved the nomination of Pol Gen Damrongsak Kittiprapas, a deputy police chief, as the new national police key, succeeding Pol Style Suwat Jangyodsuk who else retires at the end of Sept, a police supply said.Continue Reading

China won’t Laos become a Belt and Road debt trap

A promotional poster for the 414-kilometer Laos-China railway project that promises to transform Laos from landlocked to land-linked. Photo: Facebook

Laos people unprecedented financial problems, including US$14. 5 billion worth associated with public and publicly guaranteed debt — around half of that is owed to Cina. But unlike Sri Lanka, there is no chance that Laos will default on its external debt obligations. China, its largest lender and political best friend, will not let Laos default. The size of […]

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China’s AgBank posts 5.5% H1 profit rise

SHANGHAI: Farming Bank of China and taiwan (AgBank), the country’s third-largest commercial loan provider by assets, stated net profit increased 5. 5 per cent year on year in the first 1 / 2 of 2022. Profit was 128. 9 billion yuan (US$18. 63 billion) in the 6 months through toContinue Reading

Sri Lanka’s president to cut spending in interim budget

COLOMBO: Sri Lanka’s president is placed to slash expenses when he offers an interim spending budget on Tuesday (Aug 30) to see the crisis-ridden country through the rest of the year, amid discussions using the International Monetary Finance on the bailout package. The tourism-dependent nation of 22 million is facingContinue Reading