Home-grown crisis

Article Abstract:

The economy of Laos is in a poor state. The value of the kip dropped to 3,300 against the dollar in 1998, compared to 950 in 1996, and analysts believe the inflation rate will be 100% in 1998. The country's central bank links the situation to the regional financial crisis and blames speculators for the troubles, but government think-tank director Souphan Keomisay says that Laos's problems are due to poor competitiveness and heavy spending. However, Laos's strong dependence on foreign aid makes it difficult for Laos to develop its resources and analysts predict continuing zero growth levels.

Economic aspects, Laos, Economic stagnation

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Fields of dreams

Article Abstract:

The heroin trade still thrives on the China-Burma border despite efforts by United Nations' agencies to put an end to the lucrative business. It is surmised that the Burmese government allows the drug trade to flourish because of the economic benefits it brings to the country and for political expediency. The Burmese government allegedly gave members of the Communist Party of Burma permission to engage in any trade in exchange for their promise not to cause any trouble to the state. Chinese involvement has also been cited as a reason for the continuation of drug trafficking in Burma.

Political activity, International trade, Economic policy, Social policy, Myanmar, United Nations, Chinese (Asian people), Drug traffic, Heroin, Chinese in foreign countries, Burma, Communist Party (Burma)

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Fright flight

Article Abstract:

Laos's national airline Lao Aviation is in trouble. Many of its aircraft are grounded with no money to finance repairs, and foreign embassies are advising their nationals to avoid using the airline due to safety worries. Chinese operator Yunnan Airlines bought a 60% share in Lao Aviation in 1995 and the airline expanded its fleet. However, the airline had its long-haul aeroplane repossessed after defaulting on payments and arguments arose between Yunnan and its partner on maintenance costs. Yunnan withdrew from the deal in May 1998 and the government is seeking a new foreign partner.

Scheduled Airlines, Scheduled Air Transportation, Air Transportation, Scheduled, And Air Courier Services, Management, Airlines, Lao Airlines

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