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Wall Street Meets Lao Street

Category: Tourism, Posted:24 Jun 2010 | 06:00 am

One of Thailand's neighbor's is upping their economic ante as Laos is setting up a stock exchange back of a venture with a US$20 million investment with the operator of the Korean bourse.
A newly formed Securities and Exchange Commission is set to operate within this year as energy based hydropower, telecommunications, industrial and mining firm look set to be listed.
Some of the region's leading infrastructure firms including Hong Kong's China Light and Power are investing into the emerging market.
Expectations are for further market liberalization of property in the short term future looks to set the country into a rapid development phase.

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