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AR YOU LOOKlNG lOR A CARR wlTH A LARG, DYNAMlC, lNTRNATlONAL R5OURC5 COMPANY?
MMC Lane Xang Minerals LimiLed Sepon (LXML) is a member o Lhe MinmeLals Resources LimiLed group o companies lisLed on Lhe Hong Kong SLock Fxchange (sLock code. 208) and
operaLes Lhe Sepon Cold and Copper OperaLions in vilabouly DisLricL, SavannakheL Province - Lao P.D.R. Our copper operaLion produces approximaLely 80,000 Lonnes o copper
annually and gold operaLion is in iLs eighLh year o producLion.
MMC LXML is commiLLed Lo provide employees wiLh opporLuniLies Lhrough Lraining iniLiaLives in boLh on and o Lhe job. We believe LhaL engaging in open communicaLion, being
responsible and decisive, and respecLing local communiLies, culLure and LradiLions are Lhe key acLors LhaL conLribuLe Lo our success and LargeLed expecLaLions.
we are currentIy Iooking for quaIified and enthusiastic Lao NationaIs to join MMG LXML in the foIIowing positions.
Advisor - Human Resource (3 positions)
HRMD, 5epon Operations
An exciLing opporLuniLy or excepLional HR personnel has become available wiLhin our
dynamic organisaLion. 1he posiLion will mainLain close liaison wiLh Lao employees and
provide supporL and advice Lo relaLed deparLmenL managers in areas o Lao recruiLmenL
process, salary adminisLraLion, employees' beneiLs, perormance managemenL, record
managemenL and reporLing. ou will also assisL and provide Lhe deparLmenL managers and
Leam members wiLh inormaLion and Lraining Lo implemenL human resource policies and
procedures.
1he ideal candidaLe should possess a degree in Human Resource ManagemenL, 8usiness
ManagemenL or any relaLed ields wiLh good communicaLion skills and sLrong command o
Fnglish, boLh wriLLen and spoken. ou will also have.
Previous experience working in HR acLiviLies including perormance managemenL,
compensaLion and reward managemenL, recruiLmenL eLc
Knowledge o HR policy and procedure developmenL and implemenLaLion
Lao labour law and oLher relaLed legislaLions
Familiar wiLh consulLaLive approach and undersLand Lhe recruiLmenL process and
procedure
AbiliLy Lo meeL deadlines, gauge workload and work under minimum supervision
FxcellenL analyLical skills as well as aLLenLion Lo deLail
5upervisor - Construction
Project ngineering, 5epon Operations
As Supervisor - ConsLrucLion, you will coordinaLe all consLrucLion acLiviLies Lo meeL
speciicaLions and deadlines as well as supervising Leading Hands and Lheir crews Lo ensure
sae work pracLice is mainLained aL all Lime. OLher duLies include.
Planning and scheduling consLrucLion acLiviLies
AssisLing in Lraining Lao personnel in day Lo day consLrucLion acLiviLies
Liaising wiLh relevanL sLakeholders on consLrucLion work progression
7o be consiJereJ jor this role, you will ossess.
QualiicaLion in Civil Fngineering or oLher relevanL ields
Cood wriLLen and spoken Fnglish wiLh sound knowledge o compuLer skills
Proven supervisory experience in consLrucLion works
Knowledge o common consLrucLion pracLices, meLhods and sLandards or civil
consLrucLion projecLs
AbiliLy Lo read and inLerpreL Fnglish Lechnical Lerms and consLrucLion drawings
Officer - Processing 5ystem
GoId Processing, 5epon Operations
ln Lhis role, you will coordinaLe all o Lhe gold processing sysLems including documenL
conLrol Lo ensure deparLmenLal SaeLy ManagemenL Plan (SMP) LargeLs are meL. ou will
need Lo manage work prioriLies and plan work daily Lo ensure LhaL all Lasks are compleLed as
scheduled Lo meeL deadlines. FurLher Lo Lhis, you will deliver Lraining, book Lraining and
assess 1raining veriicaLion Form or operaLors, and also submiL "On 1he Job 1raining" Lo Lhe
1raining DeparLmenL.
7o be successjul in this role, you will have.
Diploma in MeLallurgy and Minerals Processing or 8usiness AdminisLraLion
lnLermediaLe compuLer skills in MicrosoL Oice Packages
High level o Fnglish language skills
2 monLhs supervisory experience wiLh some exposure Lo minerals processing
Cood problem solving and abiliLy Lo achieve work wiLh minimal supervision
5enior Officer - Community DeveIopment
5ociaI 5ustainabiIity, 5epon Operations
ReporLing Lo 1eam Leader - CommuniLy DevelopmenL, you will primarily lead a small
agriculLure Leam and help developing Lhe company's agriculLure projecLs aL Houay
Kong 1raining CenLer by coordinaLing wiLh vilabouly DisLricL AgriculLure and ForesLry
Oice (DAFO) Lo ensure Lheir undersLanding and supporL o our projecLs. FurLhermore,
you will work closely wiLh villagers Lo improve ood securiLy and ensure qualiLy o
agriculLure acLiviLies is meL.
7he criteria oj this selection incluJe.
8achelor degree in AgriculLure or oLher relaLed ields
lnLermediaLe Fnglish level wiLh good undersLanding o Word, Fxcel, OuLlook and
Power PoinL
FxLensive knowledge o agriculLure Lraining and demonsLraLion
Cood knowledge o rural pracLices and agriculLure policies & sLraLegies
AbiliLy Lo work well and build relaLionships wiLh eLhnic minoriLies and disLricL
governmenL
Proven experience in rural developmenL and governmenL relaLions in regards Lo
agriculLure
Officer - Community DeveIopment
5ociaI 5ustainabiIity, 5epon Operations
1he Oicer - CommuniLy developmenL will parLicipaLe, inLeracL, and lead communiLy
parLicipaLory acLiviLies. ou will work wiLh a young moLivaLed Leam in an exciLing
CommuniLy Driven ProjecL and will also work wiLh DisLricL AuLhoriLies and communiLies
Lo help Lhem reach Lheir developmenL goals.
1o be considered or Lhis role, you will have Diploma in CommuniLy DevelopmenL or
relaLed Lechnical ield wiLh Lwo years o experience in communiLy projecLs or similar
volunLeer work. ou will have abiliLy Lo relaLe Lo communiLies and develop an
undersLanding o Lheir issues and concerns. OLher areas o requiremenL include.
DemonsLraLed abiliLy Lo communicaLe ormally wiLh governmenL auLhoriLies
FlexibiliLy and willingness Lo learn new Lhings
Fnglish compeLency
8rou or Mon-Khmer language (desirable)
Trainer TransIator - Language 5kiIIs
HRMD, 5epon Operations
ln Lhis posiLion you will deliver Fnglish Language Lraining aL a varieLy o levels Lo LXML
sLa and Lao Language Lraining Lo LXML expaLriaLe sLa. ou will also deliver Lraining
presenLaLions based on communicaLions relaLed subjecLs and LranslaLe Lraining
maLerials rom Fnglish Lo Lao and vice versa. ln addiLion Lo Lhis, you will assisL and
supporL oLher 1rainers/1ranslaLors wiLhin Lhe 1raining DeparLmenL in various
adminisLraLion Lasks.
1o succeed in Lhis role, you are required Lo have a high level o Fnglish Language and
possess high level o compeLency in personal compuLer applicaLions including Fxcel,
Word and OuLlook.
Other requirements incluJe.
Fxperience in delivering Fnglish and Lao language Lraining wiLhin a sLrucLured/
ormal learning environmenL
FxcellenL inLerpersonal skills wiLh Lhe abiliLy Lo work well as parL o a Leam
AbiliLy Lo mainLain direcLion and achieve work objecLives wiLh minimal supervision
Savannakhet Office:
PO Box 13, Ban Nalao, Kaison, Savannakhet
Tel (041) 212 686, (041) 251 636, Fax (041) 213616
Email: LXMLrecruitment@mmg.com
Vientiane Office:
HRMD, Bourichanh Road, Phonesinuan, Sisattanak, Vientiane Capital
Tel (020) 2221-3503, (020) 2223-5838, (021) 268 200, Fax (021) 268 201
Email: LXMLrecruitment@mmg.com
Monday July 9, 2012
16 Vientiane Times
Located in Vientiane, capital of Lao PDR, Soochow University in Laos is the frst
foreign University approved by the Lao government in January 2009, and the frst
Chinese overseas university solely established by 112-year-old Soochow University
, Suzhou, PR China.
With reference of world class university standard and mode, making full use of the
international quality education resources, constructing advanced program setup
with full implement of credit system, Soochow university in Laos will conduct full-
time undergraduate of 4-year study and graduate of 3-year study (master & doctor)
programs as well as various advanced training. In 2012, Soochow University in
Laos will frst set up two programs including International Economy &Trade and
International Finance as well as the Chinese Language Training. According to the
general plan, through 10 to 20 years construction, Soochow University in Laos will be
developed into a comprehensive international frst-class university of undergraduate
and graduate education with more than 5000 students, which will offer programs
in economics, management, law, hospitality, computer science, machinery, railway
transportation, electronic communication, medicine, as well as Chinese language
training and various technical training in consistent with Laos economic and social
development. The university will also set up an affliated clinic hospital.
Soochow University in Laos will facilitate Lao and Indochina students with excellent
education condition and cultivate talented elites capable of the Lao, Chinese,
and English languages, and with internationalized vision and strong professional
knowledge. Meanwhile Soochow University in Laos will be dedicated to serve as a
communication window and free exchange platform for the Chinese enterprises in
comprehensive and in-depth understanding of Lao and the Southeast Asian regional
economic and social development.
In order to establish the international level of high quality faculty library, and
to improve teaching and management level, Soochow University in Laos will
implement long-term global recruitment of advanced talents. Warmly welcome those
with aspiration in higher education to join in! Details below:
A. Qualifcation:
1. Passionate and diligent with strong sense of devotion and responsibility
2. With the high spirit of team cooperation and dedication
3. With master or doctor degree from famous universities at home and abroad
4. Healthy and fuent in Lao
5. Skilled in Offce Automation with rich experience of relevant work
B. Position and requirement
I Teachers
1. Major in Philosophy, law, environmentology, psychology, sociology, statistics,
college mathematics, computer science etc.
2. Aged from 25 to 70, professionals or part time
3. Those with rich teaching experience are preferred.
II Students management: 1 person
1. elatively strong communication ability in Chinese
2. With relatively strong ability in interpersonal and public relations
3. he working experience in higher education institution
4. Aged below 45, restriction will be relaxed to those with special ability
III Logistics management: 1 person
1. With relatively strong communication ability in Chinese
2. Undergraduates or above majoring in architecture, civil engineering, industrial and
civil building, water supply and drainage, engineering management, construction
management, building economic management, project supervision, construction
costs, etc.
3. With the working experience in institutional logistics management
4. Aged below 40, skillful in driving with license
IV Educational administration clerk. 1 person
1.With relatively strong communication ability in Chinese
2. Undergraduates or above educational background
3. With relatively strong ability in writing and management as well as computer skills
4. With good coordination in teaching management and daily work, those with rich
experience in teaching management are preferred.
C. Benefts
Soochow University in Laos will offer competitive treatment to those excellent
professionals and part-time talents. Details will be negotiated.
D. Materials submission
1. Personal resume (with photos)
2. Graduation certifcate and degree
3. Any other materials that can certify the applicants education level and ability ( certifcate
of high level attainment, certifcate of employment at home or abroad, etc.);
4. Contact details
E. Deadline for application
Before July 15th 2012
F. Contact:
Address: Offce of human resources, Soochow University
Postal code: DD123
Contact person: Mr. Fan, 020-58971489 Mr. Vieng 020-22302626
Fax: 00856-21-720177 E-mail: laowo@suda.edu.cn
job vacancy
Soochow university in laos
Monday July 9, 2012
united nations development Programme
REQuEST FoR QuoTaTIonS
# RFQ_023_2012
Dear Sir/Madam,
UNDP Country Office in Lao PDR is kindly invited all eligible companies/firms to submit quotations for
Provision of internet services to undP lao PdR.
Quotations shall be submitted in sealed envelopes for any Lot or for all Lots on or before 11:00 AM
(Vientiane time), 23 July 2012 to the following address:
Attention: Procurement/Logistics Unit
United Nations Development Programme
Lane Xang Avenue, PO Box 345
Vientiane, Lao PDR
Tel: +856 (21) 267765 or 267761,
Fax: +856 (21) 264939
Late or partial quotations will be rejected.
Marking: Please mark the envelope subject as follows: RFQ_023_2012 Provision of internet services
to UNDP Lao PDR.
UNDP will not be responsible for postal delays, if any, in the delivery of the bid documents or
non-receipt of the same.
Full set of bidding documents can be downloaded at
http://www.undplao.org/vacancies/procurementnotice.php
Companies requesting clarification of any of the items, technical requirements or conditions stipulated in
this request shall communicate in writing with UNDP office and sent request for clarification to e-mail:
soulivanh.bounnaphol@undp.org or diyer.rasulov@undp.org . Only requests for clarification received at
least 4 days prior to the deadline for submission of offers will be processed. Replies to any requests for
clarification will be transmitted to all bidders at http://www.undplao.org/vacancies/procurementnotice.php
Companies requesting clarifcation of any of the items, technical requirements or conditions
stipulated in this request shall communicate in writing with UNDP offce and sent request
for clarifcation to e-mail: soulivanh.bounnaphol@undp.org or diyer.rasulov@undp.org.
Only requests for clarifcation received at least 4 days prior to the deadline for submission
of offers will be processed. Replies to any requests for clarifcation will be transmitted to
all bidders at http://www.undplao.org/vacancies/procurementnotice.php
Pease visit our web-site to see other procurement and vacancy announcements
www.undplao.org
Vientiane Times 17 Monday July 9, 2012
18 Vientiane Times
Monday July 9, 2012
Opinion
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Haider Rizvi, IPS
UNITED NATIONS -- What
if billionaires the world over
are asked to shell out at least
one percent of their wealth
as an international tax for
development?
The question arises in
a new UN survey, which
bemoans the fact that many
donor nations continue to
shy away from fulflling their
pledge to fnance development
goals by providing 0.7 percent
of their Gross National
Product (GNP).
It is time to look for
other ways to fnd resources
to fnance development
needs and address growing
global challenges, such as
combating climate change,
said Rob Vos, the lead author
of the report, entitled World
Economic and Social Survey
2012: In Search of New
Development Finance.
In their analysis, Vos and
his colleagues suggest that a
one percent tax on one billion
dollars holding could help
gain better results in regard to
fnancing for internationally
agreed development
initiatives.
Currently, there are at least
1,225 billionaires in the world
from 58 countries, according
to Forbes magazine. The US
alone is home to more than
400.
The global survey says
there is an urgent need to fnd
new sources of support for
development because many
donor countries have failed to
keep their promises, a situation
worsened by the prolonged
economic recession.
According to the UN,
there is a shortfall of US$167
billion in terms of Offcial
Development Assistance,
which is making it diffcult for
various agencies involved in
achieving development goals
aimed at fghting poverty,
deadly diseases and climate
change.
Thus, in addition to an
international tax, the UN is
proposing several other ways
to tap resources that could
strengthen international
actions for sustainable
development, such as taxes on
carbon emissions, air traffc,
and fnancial and currency
transactions.
The UN says it wants to
raise more than US$400 billion
annually for development
and global challenges such
as fghting climate change.
But that is an amount that is
becoming increasingly hard to
secure from governments.
UN studies show that a
large number of developing
countries remain far behind
in terms of achieving the
Millennium Development
Goals, mainly because they
lack fnancial resources and
assistance from the donor
nations.
Researchers say they
have witnessed some
success in regard to global
health programmes aimed
at providing immunisations,
AIDS and tuberculosis
treatments to millions of
people in the developing
world, but add that such
initiatives hardly yielded any
additional funding on top
of traditional development
assistance.
Donor countries have
fallen well short of their
aid commitments and
development assistance
declined last year because of
budget cuts, increasing the
shortfall, said Vos, adding
that donors must meet their
commitments.
Experts who carried out
the survey see potential to
raise over 400 billion every
year by taxing carbon dioxide
emissions in developed
countries: a US$25 tax
per tonne would raise an
estimated US$250 billion per
year, collected by national
authorities, but earmarked for
international cooperation.
The survey also
recommends a tiny currency
transaction tax of one half
of a basis point (0.005
percent) on all trading in
four major currencies (the
dollar, euro, yen and pound
sterling), which could yield an
estimated 40 billion per year
for international cooperation,
among other measures.
Such taxes also make
economic sense as they
help stimulate green growth
and mitigate fnancial market
instability, Vos said.
In his view, such new
fnancing mechanisms
will help donor countries
overcome their record of
broken promises to their own
beneft the world at large.
The survey provides
important suggestions to
generate solid fnancial
underpinnings for the actions
to be undertaken in follow up
to the agreement reached at the
recent United Nations Rio+20
Conference to achieve global
sustainable development,
said Sha Zukang, under-
secretary-general of the UN
Department of Economic and
Social Affairs.
The survey points out
that the design of appropriate
governance and allocation
mechanisms is crucial for
innovative fnancing to
ultimately meet development
needs and contribute to
UN calls for tax on ultrarich to boost development
fnancing the post-2015
development agenda.
In recent years, a number
of mechanisms have been
developed under the rubric
of innovative development
fnance, mostly in the feld of
health. The survey confrms
that these mechanisms helped
improve aid effectiveness and
contributed to the fnancing
of the Global Fund to Fight
AIDS, Tuberculosis and
Malaria.
However, according to re-
searchers, the funds channeled
through these programmes
have mainly come from
existing aid budgets, rather
than generating additional
resources. Overall, a total
of US$5.8 billion has been
channeled through these
innovative mechanisms
since 2006, but only a few
hundred million dollars can
be counted as additional to
existing aid.
There is an urgent need
for additional resources, and
proposing an international
tax for development is one of
those, they said.
But whether the
billionaires tax is feasible
remains an open question.
We made this suggestion
(but) technically its very
diffcult, Vos told IPS.
The survey points out that the design of
appropriate governance and allocation
mechanisms is crucial for innovative
fnancing to ultimately meet
development needs.
Vientiane Times 19 Monday July 9, 2012 Opinion
Chen Weihua, China Daily,
Asia News Network
BEIJING -- Brazil ranks
second in the world for its
number of lawyers per capita,
only the United States has
more. Now I know why.
The many Chinese and
Brazilian business executives
I met during my recent trip to
Brazil continually complained
about the strict labor laws that
often make them defendants
in court.
Even sending an e-mail to
employees after work hours is
illegal, said one newly arrived
Chinese businessman, with a
puzzled look on his face.
While this may sound
bizarre in China, where
employers and employees
often send and check e-mails
after work, Brazil has a new
law that requires companies
to pay overtime to employees
who make or receive work-
related e-mails or phone calls
out of offce hours.
Employers can be sued if
employees are required to do
things not included in their
job description, and they
need to select their words
very carefully when talking
to employees or they may be
accused of discrimination.
And, according to the business
chiefs I met, even if they do
treat their workers well there
will be a strike at the end of
the year to demand a pay raise.
Brazils labour laws, which
are embedded in the countrys
Constitution as non-negotiated
rights, are probably among the
strictest in the world.
What are mandated as legal
rights for Brazilian workers,
such as a mandatory 13th-
month bonus, 30-days leave,
a workday that cannot exceed
eight hours, or a workweek
that cannot go beyond 44
hours, are often considered
perks in other countries.
Because of the huge
mandatory benefts and
contributions and taxes paid
for employees, employers
often fnd that the cost of
hiring a worker is nearly
double the base salary.
I am not surprised that
Chinese business executives
feel intimidated by Brazils
strict labour laws because
many of these labour rights
are either non-existent or at
best optional in China.
Recent stories about
Foxconn, an original
equipment manufacturer for
Apple in China, are quite
telling. When Foxconn was
forced to limit overtime for
its employees in China, the
migrant workers protested
because they would lose
money by not working
overtime. To some, even 36
hours of overtime a month is
far from enough.
I teased Sergio Amaral,
the former Brazilian trade
minister and now chairman
of the China-Brazil Business
Council, about how Brazil
can compete with China when
Chinese workers want to work
12 or more hours a day.
But I doubt workers in China
would be so willing to work that
many hours if they were paid
enough in the frst place.
While Foxconn has
become the focus for labour
rights violations in China,
the company was forced to
offer workers at its plant in
Brazil much more due to the
countrys strict labour laws.
The wages are twice as high
and workers get six times as
many days holiday. At the
same time, workers at the
Foxconn factory in Brazil have
bargained for decent wages,
health plans, proft-sharing,
food and transport and six
months of paid maternity
leave, in addition to the 44-
hour maximum workweek set
by the law.
In the World Banks 2010
Doing Business Report, Brazil
was ranked 138th out of 183
countries for the diffculty
of employing workers. One
of my friends, an editor at a
major Brazilian newspaper,
said that many employers
in Brazil regard its labour
protection as a problem.
While Brazil may want to
change its tough labour laws
in order to stay competitive,
Chinese workers, both blue-
and white-collars, defnitely
need some of the rights and
protection offered to Brazilian
workers.
Im not sure if sending
e-mails or text messages after
work hours should be regarded
as illegal or overtime, but
over-exploitation of workers
and taking advantages of lax
labour law should be ended.
The author, based in New
York, is Deputy Editor of
China Daily USA.
THE STRAITS TIMES
THE daIlyyomIuRI
THE yomIuRI SHImBun
Asia News Network (ANN)
The Asia News Network (ANN) is a network of leading daily English language
newspapers in Asia, supported by the Konrad Adenauer Foundation of Germany
through its regional representative bureau in Singapore.
It was established in March, 1999, to provide avenues for cooperation and
optimise coverage of major news events in the region.
It also aims to promote journalism, share news stories, feature articles, editorials
and personality profles. ANN is the worlds most active newspaper alliance with
a membership base of 18 newspapers in 16 countries.
The German News Agency of Deutsche Presse-Agentur, as one of the leading
international agencies and ANNs exclusive partner, distributes news and
features, background stories and commentaries from ANN to subscribers
worldwide.
They consist of Rasmei Kampuchea (Cambodia), China Daily (China), The
Statesman (India), The Korea Herald (South Korea), The Star (Malaysia), Sin
Chew Daily (Malaysia), The Nation (Thailand), The Straits Times (Singapore),
The Philippine Daily Inquirer (Philippines), The Jakarta Post (Indonesia), Vietnam
News (Vietnam), The Daily Star (Bangladesh), Vientiane Times (Laos), The
Kathmandu Post (Nepal), The Island (Sri Lanka), Brunei Times (Brunei), The
Nation (Pakistan), and China Post (Taiwan). The combined circulation of these
newspapers is more than 14 million copies per day.
Labour rights make a
world of difference
Employers
can be sued
if employees
are required
to do things
not included
in their job
description.
20 Vientiane Times
Monday July 9, 2012
Feature
Request for Proposal
(Contract for Research for IT Service Market in Laos 2012)
Japan International Cooperation Agency (JICA) is implementing Technical Cooperation
Project in collaboration with the Faculty of Engineering (FE), National University of Laos
(NUOL), namely the Project for Human Resource Development in IT Service Industry
at NUOL. The Project aims to develop human resources according to the IT service
market through IT specialist course by the Department of Computer Engineering and
Information Technology, Faculty of Engineering, National University of Laos. JICA is
seeking the consultant which can undertake research activities under the project.
Activities to be carried out by the consultant include the followings:
j To conduct research on IT Service Market in Laos 2012 focus a) collect the
information on the current situation of IT providers and IT recipients. (Basically,
collect the same information as year 2011 research) The total number of
target companies of 2012 research must not be less than the one of the 2011
research.; b) analyze the current situations and clarify the ideal future situation
of Laos IT service industry.
k After the completion of the draft fnal report, hold a study session with all the
stakeholders. Discuss if the analysis and fndings made by the consultant are
appropriate.
JICA will distribute detailed documents about proposal at JICA Laos Offce from
July 6 11, 2012 (8:30 to 17:00 exclude 12:00 to 13:30 Working Days only).
Interested Consultants are to come to pick up those documents.
JICA Laos Offce
Sihom Commerce Center Building,
No. 006, 3rd Floor, Souphanuvong Ave., Sihom Village, Chanthabouly District
Vientiane Capital, Lao PDR PO Box: 3933
Tel: 021 241100 / Fax: 021 241101-2
Further Information; please contact Mr. Daovanh SENGHALATH, Education Section
Deepika Shetty, Asia News
Network, The Straits Times
SINGAPORE -- A vast new
sculpture of tiny metal pieces
representing water droplets,
titled Kinetic Rain, is making
a splash at Changi Airports
refurbished Terminal 1.
Transfxed visitors of all
ages watched it in wonder or
took photos with their camera
phones when Life! visited on
Tuesday for a preview of what
is billed the worlds largest
kinetic, or moving sculpture.
It roughly spans the length of
four check-in counters.
The sculpture was made by
German design frm Art+Com
led by Jussi Angesleva, a
German-based Finnish artist.
It offcially opens on July 18,
but is operational from today.
The work, which comes
as a pair of sculptures
installed several metres
apart, consists of 1,216
droplets. Combining art
and technology, each of these
is attached by fne wires to
individually controlled motors
in the ceiling of the terminals
departure hall. The raindrops
are computer-programmed to
transform into multiple shapes
ranging from an aeroplane to
a kite to a hot air balloon - all
drawing on various forms of
fight.
One spellbound visitor
was three-year-old Indonesian
boy Fathi Nararya who said
wow! several times and
kept urging the droplets to go
up.
His mother, Widia Aryanti,
32, a Jakarta-based banker,
tried several times to distract
her son - over a 20-minute
period he was heard telling his
mother he was looking at it for
the last time.
She said: This is very
unique. Looks like my son will
make us return to Singapore
just to see this again.
The Changi Airport
Group, which commissioned
the piece, declined to say how
much it cost, only pointing to
the S$500-million (US$395
million) cost of the entire
refurbishment exercise of
Terminal 1 which will be
completed by the middle of
this month.
Artist Angesleva said from
Bangkok in a Skype interview
that the sculpture draws on
the wonder of fying and a
tropical city.
When the 35-year-old frst
visited Singapore in early
2010, what struck him was the
incessant rain.
He added: Tropical City
was the theme of the terminal
revamp and it gave us the
starting point for the work.
Over a period of two years,
he and his design team toyed
with several ideas and varied
representations of droplets
before coming up with the
fnal version - lightweight
aluminium droplets
weighing 180g each.
One of the many
challenges was the size of
the droplet. It had to be light
enough to move, yet strong
enough to last, he said.
According to the airport
group, Kinetic Rain also
symbolises the thousands of
people who form the airport
community as well as the
visitors who pour through
Changi every day.
Angesleva calls himself
just one droplet in the team,
pointing to the 15 people
including artists, animators
and programmers who
worked to bring together art
and technology.
He said: The piece
offers various entry points
even though it morphs into
16 different shapes in a
15-minute loop. There is no
clear beginning or end to it.
Indeed, the sculpture
certainly proved an attraction
for visitors on Tuesday.
Among them was Sydney-
based Sharna Sutherland,
34, who was on a week-long
holiday in Singapore. She
spent an hour looking at the
sculpture and said: I have
never seen anything this
beautiful at any airport in the
world. I was early and as I
walked in, it started moving.
It has been so relaxing
to sit and watch this. I am not
much of a shopper and this
is an excellent feature in the
airport. I hope I do not forget
my check-in time.
Its raining metal at Changi
Visitors at Changi Airports Terminal 1 are entranced by the new Kinetic Rain sculpture made up of 1,216 metal droplets.
Vientiane Times 21 Monday July 9, 2012 Feature
Manta Klangboonkrong,
Asia News Network, The
Nation
THAILAND -- Phukets
party people had plenty to
toast last weekend as Xana
Beach Club at the Angsana
Laguna Phuket hotel offcially
introduced itself with a grand
pink opening party on Bang
Tao Beach.
The gorgeous and the
glamorous focked to the
venue early in the evening
to feed sunset pictures to
their Instagram and chill
by the beach. While quite
a few guests adhered to the
shocking pink or a touch of
pink dress code, 200 or so
turned up attired in different
colour schemes, confdently
manifesting the Im too cool
for dress code attitude.
Paul Harris, one third of
British house act Dirty Vegas,
graced the decks with an easy
going, beachside house set.
Xana offers a seamless
day-into-night beach club
experience with a 35-metre
swim-up pool bar overlooking
the beach and sea beyond.
Four exclusive cabanas
accommodate up to 14 people
each and can be reserved in
advance, while double and
single loungers that offer a
front row view of the Andaman
Sea are also available. The
second storey rooftop deck
functions as a VIP area and
offers a spectacular perch
from which to observe the
colourful sunsets. There is
also a lounge area on the front
lawn, which is ideal for guests
who prefer to relax under the
shade of pine trees.
Guests can lounge around
and chill with Mediterranean-
style food and an array of
drinks from 11am onwards. At
night, Xana transforms into a
sultry bar and al fresco club
where the music tempo rises
and LED lights in the pool
add to the party atmosphere.
Resident DJ and music
director Frank Richards spins
an eclectic and uplifting mix
of down tempo, lounge, chill
out, house and deep house, all
with a touch of funk, soul and
disco.
Set to be the new wow-
factor in Phukets notorious
nightscene, Xana is overseen
by Singapores Attica Group
whose previous brainchildren
include Attica and Attica Too
in Singapores Clarke Quay,
and its affliated Le Noir Bistro
& Bar, also in Singapore.
First of all, to have a
beach club, you have to have
a nice beach. And beaches in
Phuket, especially in Bang
Tao, are very beautiful, says
Mark Brimblecombe of Attica
Group. Phuket has always
had these small bars by the
beach that later on were made
into beach clubs - with tiny
swimming pools on the beach
and small, crowded bars.
None of them are really very
high end beach club. So here
we are to assist the hotel and
make the club special. I think
this is probably the frst proper
beach club in Phuket.
If you look at other
beach clubs, they all seem
intent on competing with
Bali. But the beaches in Bali
cannot compare to this; they
have black sand. I would say
the most attractive feature
of Xana is the beach itself.
And the 35-metre pool is an
excellent investment. Its a
great place to chill and watch
the sunset.
Were also looking for
big, international acts to bring
in. This place is big and theres
potential to set up something
special. Were hoping to bring
big acts maybe on a monthly
basis in high season.
You know, its like
bringing a circus to town; you
have to have entertainment
for the people. I want it to be
a place where people come
away saying, wow, I had
a great night. Well have
parties and big events to make
their nights special. People
from Hong Kong, Sydney,
Singapore and Bangkok will
fy in for the weekend.
Hot nights at
cool Bang Tao
Phuket gets its frst upmarket beach club with the opening of Xana
Online advertisement
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22 Vientiane Times
Whats on
Luang Prabang
Big Brother Mouse helps
young people practise their
English at free drop-in sessions,
9-11am and 5-7pm, open every
day. Just come to our offce at
9am or 5pm in Ban Vat Nong,
around the corner from 3 Nagas
Hotel. www.bigbrothermouse.
com.
Traditional Arts and
Ethnology Centre. Open 9am-
6pm, Tues-Sun.
www.taeclaos.org
Ock Pop Tok
Living Crafts Centre open daily
for free guided tour. Natural
dyes, weaving and batik
drawing classes daily. 9am-
5pm. Free transfer from Ock
Pop Tok shops in town to the
weaving centre on the Mekong.
Call 071 212597
Royal Palace National
Museum. Open 8.30-11.30am
and 1.30-4.30pm from
Wednesday to Monday.
UXO Visitor Centre. Open
Mon-Fri 8.30am-12 and
2-5pm. Right turn just before
Presidents Monument on the
Northern Rd.
Museums
Lao National Museum
on Samsenthai Road opposite
National Culture Hall. Open
Mon-Fri during offce hours
and on weekends from 9am to
4pm.
Horphakeo Museum
on Setthathirat Road
opposite Vat Sisaket. Open
Mon-Sun during offce hours.
Sports
ANZ Vientiane Lions
Womens Rugby Club
Wednesday night ftness
sessions from 7:30 at VIS. Pitch
trainings Thursday nights from
19:30 and Sunday from 16:00
at Polytechnic Pitch in Ban
Phonphapao. Contact Vieng
on 020 54234111 or Maggie
on 020 78110019 for more
information.
Champa Ban Youth Rugby
Rugby activities with a focus
on fun, games and healthy
living message. Free and open
to all. Visit www.laorugby.com
or contact Noui 020 54905090
or Maggie on 020 78110019 for
more information.
Vientiane
- Action with Lao Children Library: Open Mon to Fri
9am to 6pm and Sat 9am to 3pm. Come in and read
and borrow Lao, Japanese, Thai and English books.
Located in Ban Saphangmor, Xaysettha district.
- Permanent UXO exhibition and the provision of
artifcial limbs for victims. COPE Visitor Centre,
Khouvieng Road, opposite Green Park Hotel. Every
day: 9am-6pm.
- Chess Club meets at 1pm every Sunday at City Inn
on Pangkham Road, Vientiane.
Contact: Gabriel_smit@hotmail.com
- Womens International Group. For activities and
times email wiglaosmembership@gmail.com
- Toastmasters Club meets every Sun. from
4-6pm at Khopchaideu restaurant (3F). Everyone is
welcome.
- Meditation at Vat Sokpaluang every Saturday,
4-5.30pm.
- English Language Church Service every Sunday
10am at the ARDA Language Centre (near the
Mercure, formerly Novotel). Call (021) 261441, or visit
http://www.the-chs.org
Lao Elephants Australian
Rules Football Club -Meet
at 6.30 pm on Thursdays for
training, please contact the
LE President at president_
laoelephants@laopdr.com
for details and other meeting
areas.
Buffalos Rugby - mens
rugby training Tuesday
evenings 6 - 7:30pm. All
welcome. Sunday morning
social touch rugby - male,
female all ages welcome.
Free. For either, contact
John (020 77140176), Bob
(020 55510443) and Tom (020
2281111) for more information.
Wild Hogs Rugby training
at the Polytechnic pitch
in Phonpapao village,
Sisattanak, at 8pm on Tues.
and Thurs. Optional Saturday
touch session at That Luang
at 5:30pm, Sunday ftness at
That Luang at 5:30pm. Call
020 77615677
or Chris 020 77834385.
Lao Mahout Netball team
trains every Tues. at 6pm
at Vientiane International
School. For more information
contact Saeng on 020
77442689.
Lions Womens Rugby from
7.30pm on Tues and Thurs at
the Polytechnic pitch. Contact
Noui on 020 4905090 or
Maggie on 020 54656153.
Youth Community Rugby
Sessions
Training for U15 Boys and
U17 Girls at the Polytechnic
pitch in Phonpapao village,
Sisattanak, at 7:30pm on
Wed. Training for children of
all ages at 9am on Sunday.
Body Language at Vientiane
Accueil, Khouvieng Rd.
Class includes stretching and
respiratory exercises with
an oriental touch. Tues. and
Thurs. from 5.30-6.30pm.
Contact 020 5612107.
Aerobics at Sokpalouang
swimming pool, Sisattanak
district. Open every day from
6am-8pm.
Vientiane Hash House Harriers
Meet at Nam Phu Fountain
every Saturday for travel to
out-of-town runs. Mixed Hash,
register at 3.45pm and depart
4pm. Monday,VH3, family
Hash. 3 runs - short, medium
and long. Meet at 5pm at
advertised venue. Phones:
223867, 217493,
mobile 020 5511293, 5514669.
Monday July 9, 2012
Art & Entertainment
Pawit Mahasarinand, Asia
News Network, The Nation
Lets be perfectly clear about
this: A stage musical without a
proper story is a concert.
Scenarios latest romantic
musical Rak Chab Chai
turns out to be, as widely
expected, The Bie Concert.
Its packed with concert-style
scenes that owe a lot to K-Pop
extravaganzas, all dazzling
dance and eye-numbing
lighting effects.
The show, which opened
last Thursday, clearly derives
from Sukrit Bie The Star
Wisetkaews hit Na Bud
Now, and its aim is to boost
his two new singles, Rak
Chab Chai and Khon Doem
Khong Thoe. By the end,
viewers are sure to know all
three songs by heart.
How many musicals have
you attended where you were
urged to get up and dance
along? When Bie did this for
a reprisal of the title song,
I walked out. On my drive
home I listened to Balkan hip-
hop just to erase all memory
of his cheesy tunes. Somehow
I still couldnt shake the sight
of his silly accompanying
hand movements. I might
have to see a doctor.
Because the show
overemphasises the hits, the
plot is thinly contrived, the
characters stereotypical and the
scenes improbable to the point
of absurdity. Romantic it is not.
Bie plays a self-centred,
love-him-or-hate-him pop
superstar named Sun. Hes had
many short-lived romances
with female celebrities - the
exact opposite of Bie in real
life. Suddenly he falls in love
with Vue, a girl-next-door
type who is blind from a car
accident but helps her sister
Voon run a small restaurant.
Vue also writes novels.
Vue has already been
duped once by an aspiring
TV actor, so Voon doesnt
want Sun around. So he wears
sunglasses and tells Vue hes
actually Nuea, a movie stunt
double for Sun. On learning
that she helps seniors in a
nursing home, Sun dons a
clown costume and puts on
a concert for the old folks,
mimicking a classic scene in
Mel Brooks musical The
Producers.
Vues heart is won over,
the disguises come off and
Voon agrees that Vue can
write Suns biography to earn
money for additional medical
treatment. Theres little point
relating where the plot goes
from here.
Nuengthida Sophon is as
commanding as Vue as she
was in the hit movie Hello,
Stranger. She should consider
other kinds of roles to fully
exercise her promising acting
talent, which glows with
sincerity. She can sing, too,
but concentrates so fercely on
the task that listeners dont get
to fully enjoy the tunes.
Unfortunately for
Nuengthida, the scriptwriters
were unable to balance the
lead characters, which is
essential in good romantic
drama. For his part, the
director kept his stars turned
so that the audience saw his
leading mans face, not hers.
Wichuda Pindum is quite
arresting as Suns manager,
but the true star of the show
is Wichayanee Gam The
Star Pearklin, who is totally
immersed in her role as Voon.
Her solo Khong Tai Thi Yak
Haichai was the only moment
in the show I felt moved.
Bie The Star, on the other
hand, has a role that requires
little more than singing,
dancing, fexing his six-pack
and kissing the girl. This
cannot be good preparation
for the lead role in Khu
Kam, which hes slated to
tackle next year.
But, once again, such
details seem beyond
Scenarios caring. This is a
concert, not a musical. It sells
tickets at the theatre and songs
via digital download.
Rak Chab Chai strikes
me as simply fller between
Scenarios last production, the
sold-out but technically awful
Si Phaendin, and its biggest
production of the year, the
Thai edition of Miss Saigon
coming up in September.
Its interesting that
September brings two other big
musicals - Reya and Mae
Bia. Let the marketing war
begin, because not many people
can afford tickets to all three.
If you must
Rak Chab Chai: The
Romantic Musical continues
at the Muangthai Rachadalai
Theatre in Bangkok every
Wednesday through Sunday
until August 5 at 7:30pm and
at 2pm on the weekends. Its
in Thai but there are English
surtitles on Thursdays and
Sunday evenings.
A Bie gig,
no more
Viengsavanh Phengphachan
I
n the local entertainment
industry, young people
love hip hop, pop, R&B,
and rock and roll, trends
infuenced by Korean and
Japanese pop.
Most local recording
labels focus on selling to
youths, who love listening to
rock and pop music.
But a fresh recording label,
TK Entertainment, is proud
to have caught the attention
of young listeners with its
frst country music singer,
Mr Viengthong Laksaiyalai,
better known as Jack
Jack is a young man from
Luang Prabang province, but
came to Vientiane to pursue
his dream of a singing career
in the capital.
But living in the big city
wasnt easy.
He found work a low-
paying job as a security guard
to fund his education before
his music career kicked off.
As a child he was the
star of his primary school in
Pakmong village, Nambak
district, and made his
classmates laugh and smile
with his constant singing.
Whenever my school
had singing activities, I
represented my class to appear
on stage, and the teachers
would select me to compete in
singing contests against other
students in our district, Jack
recalled.
Often I came frst or
second in the contest, and the
prizes I won were educational
materials, along with small
sums of money.
When Jack fnished upper
secondary school, he moved
to Vientiane to continue his
studies at the 21st Century
School of English.
Thats when he applied to
work as a security guard.
I worked at night and
studied during the day. One
of the songs on my album is
a refection of my real life
experiences, he said. Its
called Namtalai Saipomyam
(My tears fell at the booth).
In 2009 and 2010 Jack
performed with local band
Noum Kokin, doing a concert
tour around the country.
As well as playing with
the band, he played a role in a
comedy show as Mr Jacky,
the son of Grandmother
Lucy, which sharpened his
performance and singing
skills.
After the concert tour,
Jack released his frst album
Kidhak Kornakjai in 2010,
followed by his second album
Sinoum Alomdee, made
together with a group of four
other young singers.
Jack signed a contract
with KT Entertainment for
his latest album, Hakkan Lod
Bordaikandork.
Songs from the album are
played on the radio and have
captured the attention of fans
around the country.
I wrote and sang the
songs for the album myself.
Some songs I composed from
real-life experiences, while
the others come from my
imagination, Jack said.
The Manager of KT
Entertainment, Mr Thavisack
Thammavongsa, said theyve
registered more than 40
people as singers, dancers,
and musicians, including
bands and solo singers. Most
of them are modern pop, rock,
and R&B singers.
Jack is one of two
country singers signed by the
company.
I have many singers
in my company now, and I
need country singers, Mr
Thavisack said.
With the right marketing,
country songs can win the
hearts of fans in far wider
numbers than modern music,
and I want to add more variety
for listeners.
Jack said Im proud to
reach this point in my career,
because having success in
country singing is not easy.
He admits he cant expect
to always make a living from
singing, but one thing he
keeps in his mind is to always
try his best.
Jacks country music strikes a chord with Lao fans
Mr Viengthong Laksaiyalai,
better known as Jack.
Vientiane Times 23 Monday July 9, 2012 Sports
LA PLANCHE DES BELLES
FILLES SKI STATION, France
(AP) -- Bradley Wiggins gave
Britain its frst Tour de France
leader in 12 years on Saturday,
wresting the yellow jersey from
Fabian Cancellara after being
helped by a powerful escort in
the races mountain debut.
In the Tours frst big shake-
up, the Sky squad was dominant
up the frst summit fnish to
allow Christopher Froome to
win the seventh stage from
Tomblaine to La Planche des
Belles Filles ski station.
The 198-kilometre trek into
the Vosges range went a long
way toward shaping the three-
week race as experts predicted
before the start a showdown
between Wiggins and defending
champion Cadel Evans.
In a fve-rider breakaway
group on the fnal climb, Evans
tried an attack just before the
super-steep climb in the last
kilometre, but Froome beat
him by two seconds as Wiggins
stayed close to the Australians
back wheel.
After the fnish, compatriots
Wiggins and Froome hugged,
with Wiggins becoming the frst
Briton since David Millar in
2000 to wear the yellow jersey.
Cancellara, the Swiss
time-trial specialist who
had worn the jersey since
winning the prologue a week
ago, is 1 minute, 52 seconds
behind Froome but more
importantly 1:50 back of
Wiggins.
The Sky leader, who began
the day seven seconds behind
Cancellara in second place
overall, leads Evans by 10
seconds. Vincenzo Nibali of
Italy was fourth to climb to third
overall, 16 seconds behind.
Its a great day for the team,
we won the stage and took the
yellow jersey, Wiggins said.
This is my frst time in the
yellow jersey. Its incredible
its been a dream of mine since
I was a kid.
Wiggins has more breathing
room than Cancellara had over
the 199 kilometres, with only
fve riders within a minute of his
time, including Denis Menchov
of Russia, who won the 2009
Giro dItalia and Spanish Vuelta
in 2005 and 2007. The Swiss
rider, by contrast, had had 22
riders within 48 seconds of his
time before Saturdays ride.
Wiggins, a three-time
Olympic track gold medalist,
became the pre-race favourite
after winning the Paris-
Nice, Tour de Romandie and
Criterium du Dauphine stage
races this year.
With two time trials and
more climbing days in the
Alps and Pyrenees still to
come, Wiggins played down
speculation that he mightve
taken the lead too early with the
fnish in Paris on July 22.
You cant get too cocky
in this race and choose when
you take the yellow jersey. Id
much rather be in yellow than
in hospital like half the
peloton, he said, referring to
crashes on Friday that forced
at least 12 riders to quit the
race.
Wiggins crashed out of the
2011 Tour because of a broken
collarbone and said he felt
lucky he has been trouble-
free this year.
Froome was part of
the Team Sky phalanx that
powered up the fnal climb.
With most rivals falling away,
the Kenyan-born Briton
overcame Evans late surge to
burst ahead to the fnish.
He was really strong. He
controlled the last two to three
kilometres well, Evans said
of Froome. I thought I could
anticipate it thanks to the turn
and gain some speed to launch
the sprint, but he had the legs
and overtook me.
The 35-year-old Australian
senses hes in for a challenge
from Sky.
With Wiggins on a team
like that, its going to be
diffcult, Evans said.
Froome, who took the
polka-dot jersey as the Tours
best climber, said he was
surprised Evans couldnt keep
pace. The Australian was
puffng and his face glistening
with sweat as he crossed the
fnish.
I kept waiting for him to
go, but he never really went.
To me that says one thing
that he didnt have the legs,
Froome said. It really wasnt
a big acceleration that I put in.
I went for it and just coasted
toward the line.
Hopefully hes not holding
anything back, and hes not
going to surprise us in the
next few days, Froome said.
I think that he and Bradley
looked to be quite on par.
Wiggins said he was
focusing on Evans.
You saw it today, Cadel
never gives up, Wiggins said.
The stage marked the frst
of three summit fnishes in this
99th Tour. Nimbler mountain
specialists seized the limelight
after a frst week dominated
by sprinters across the fatter
regions of Belgium where
the race began June 30 and
northern France.
Wiggins takes Tour de
France lead after 7th stage
Christopher Froome wins the seventh stage of the Tour de France cycling race in France on Saturday.
--Photo AP
KOHLER, Wisconsin (AP) --
Na Yeon Choi had one of the
best rounds in US Womens
Open history, taking control
of the tournament with a
7-under 65 in the third round at
Blackwolf Run on Saturday.
The ffth-ranked South
Korean stars remarkable
round put her at 8 under for the
tournament, giving her a six-
stroke lead over Amy Yang.
Only four players ever have
posted a lower round in the
Open, and the 65 tied the lowest
third-round score in the events
history.
I couldnt believe how I got
eight birdies today, Choi said.
But I did. And Im very happy,
and Im very satisfed and Im
very excited.
As Choi surged despite
windy conditions, Michelle Wie
faded, shooting a 6-over 78 to
fall to 2 over. Wie shot a 66 in
the second round and came into
the day a stroke behind second-
round leader Suzann Pettersen.
It was a lot of fun being in
contention, Wie said. Im still
not out of it. Dont count me out
just yet.
Pettersen also shot 78 on
Saturday and slid to 1 over,
but still hoped to get back into
contention.
You know what, theres
birdies out there, she said. I
think the wind is going to be
a little bit less tomorrow from
what Ive seen. So if you get
off to a hot start, hopefully put
a number down early in the
clubhouse. Who knows?
Yang had a 69. Choi and
Yang were the only players to
break 70 in the round.
Im just going to keep
being patient tomorrow, try to
do my best, Yang said. Lexi
Thompson, Mika Miyazato and
Sandra Gal were tied for third
at 1 under. The 17-year-old
Thompson had a 72, Miyazato
shot 73, and Gal had a 74.
Seven under at an Open
is pretty good, I would say,
Thompson said about Chois
round. So shes leading by a
good amount, but Im still going
to go for it.
Top-ranked Yani Tseng
struggled, shooting a 78 and
fading to 8 over.
Tseng said she had trouble
feeling comfortable with her
club selection at times as she
tried to deal with the wind and
tough pin placements.
And Tseng said she didnt
see too many opportunities for
low scores out there, adding,
Except Na Yeon.
Choi has fve career
LPGA Tour victories. She tied
for second in the 2010 US
Womens Open. And she credits
Pak for helping to inspire those
accomplishments.
Choi recalls watching the
1998 Open on television. At the
time, she said she already was
thinking about trying to make it
as a golfer in South Korea but
when Pak won, her conceptions
of what might possible changed
dramatically.
I changed my goal: I have
to go to the LPGA Tour and
I want to win on the LPGA
Tour, Choi said. And given
the source of her inspiration,
winning at Blackwolf Run
would be extra special.
Choi came into Saturday at
1 under for the tournament and
started posting low numbers
right away. She had only 26
putts, and is optimistic shell be
able to continue putting well.
I have a good feeling about
my putting speed and putting
strokes, Choi said. So I hope
to get good results tomorrow.
Choi had four birdies on the
front nine, including back-to-
back birdies to start the round.
She made y 20-foot putt to
birdie No. 7.
Sangkhomsay
Bubphanouvong
L
uang Prabang provincial
Education and Sports
Department has sent
a team of the provinces top
youth athletes to compete
at the 46th Lao Sports Day
games, to be hosted by
Khammuan province on July
13-16.
The team includes 34 boys
and 32 girls who will be hoping
for medals in the petanque,
muay lao, boxing, badminton,
taekwondo, table tennis and
track and feld events, as well
as seven trainers.
Department Deputy
Director Mr Chandy
Bounhong said the province
had hoped to send football
and sepak takraw teams to the
games, but could not because
of budget limitations. The
province was also unable to
send a volleyball team for the
same reason.
Mr Chandy said the
department set aside 330
million kip to train the teams
ahead of the games.
Our goal is to use these
events to train the new generation
of athletes in preparation for the
National Games in Oudomxay
province in 2014, and we have
high hopes of winning gold
medals at the Lao Sports Day
games, he said.
We would like to see our
new athletes use their skill and
bravery at the games. They
are keen to represent their
province so we will open a
chance for talented athletes to
attend the games.
Luang Prabang athletes,
trainers and sports department
offcials travelled to
Khammuan province on July
7 to prepare for the opening of
the event.
At the National Games
last year, host province Luang
Prabang won 49 gold, 44
silver and 72 bronze medals.
The provinces mens football
team took the silver medal at
the games.
In 2007, Luang Prabang
hosted the National Student
Games. The province has
many budding athletes
attending its colleges and
secondary schools, while
some have moved to Vientiane
to train and study.
After Lao Sports Day,
the Luang Prabang sports
department will train up
its young athletes for the
National Traditional Games,
which include top spinning
and maklae, a game played
with the seeds of the maklae
tree.
The traditional games will
be hosted by Xekong province
in November.
Luang Prabang sends
top youth athletes to
Lao Sports Day
Choi shoots 65, takes control
in US Womens Open
Na Yeon Choi
putts during the
US Womens Open
golf tournament on
Saturday.
--Photo AP
RIO DE JANEIRO (Xinhua) --
Brazilian footballs star signings
Diego Forlan and Clarence
Seedorf had a message for fans
of their respective new clubs on
Saturday: they have come to
Brazil to win trophies.
In Porto Alegre, Uruguay
striker Forlan told supporters
of Internacional that he was
fulflling a lifelong goal by
playing in Brazil, where his
father represented Sao Paulo
and Cruzeiro.
Ive always liked Brazilian
football and have watched it
since I was a kid, the 33-year-
old said before Internacionals
match against Cruziero, which
the home team won 2-1
Forlan, winner of the 2010
Golden Ball award for the best
player at the 2010 World Cup,
agreed to a three-year contract
with Internacional on Friday.
His move follows a
disappointing season with Inter
Milan in Italys Serie A, where
he scored just two goals in 20
matches across all competitions.
The reception Ive had
from fans since arriving has
been incredible, Forlan said.
Now I just want to start training
and playing as soon as possible.
I want to have success here and
know that I can get back my
best form.
In Rio de Janeiro, former
Dutch international midfelder
Clarence Seedorf arrived at the
Engenhao stadium by helicopter
and was welcomed with a
freworks display and ticker
tape explosions.
Good night, fans, Seedorf
said, in perfect Portuguese. I
have arrived and now my time
at Botafogo will begin.
Thank you for everything,
for your support. Next week
I will start working towards
helping Botafogo move to the
top. The former AC Milan
playmaker then watched
Botafogo move to sixth in
Brazils Serie A standings with
a 3-0 victory over Bahia.
On Friday the 36-year-old
was greeted by an estimated
2000 Botafogo fans upon his
arrival at Rios international
airport.
Forlan, Seedorf pledge success to new clubs
24 Vientiane Times Monday July 9, 2012
Vientiane Times 25
Read more news at www.vientianetimes.org.la Monday July 9, 2012
Business
Vientiane Times
Euro 50-500 9,900 9,949
Exchange rates as of july 06, 2012
Banque pour le Commerce Exterieur Lao
Foreign Currencies Buying Selling
US Dollar 50-100
Thai Baht
8,005
253.68
8,044
254.95
I
n
s
i
d
e
Plastics
industry urged
to modernise
page B2
Italy, Germany to
strengthen cooperation
to overcome crisis:
Italian PM
page B2
Private home
prices rise by
0.4 percent in
Singapore
page B3
Asia News Network, The Star
PETALING JAYA -- Domestic
demand is expected to slow
down to 7.4 percent in the
second quarter of this year
compared with 10.4 percent in
the fnal quarter of 2011.
Alliance Investment
Bank Bhd chief economist
Manokaran Mottain said in
a report that the downtrend
in domestic demand was in
line with the poor growth in
global demand, particularly
in regard to trade-related and
investment activities.
During the quarter,
private consumption is
expected to rise further, albeit
at a slower pace of 6.5 percent,
still benefting from the
many government initiatives
announced during the last
budget and implemented in
the frst half of this year.
These include the
upward revision of public
sector wages and the one-off
fnancial assistance to the low
and middle-income groups,
he said in a report yesterday.
Manokaran expects private
investments to continue
growing in the current quarter
but at a slower pace of 12
percent, supported by domestic-
oriented industries and the
ongoing implementation of
projects under the Economic
Transformation Programme
(ETP).
Public sector investments
and expenditure will remain
supportive of growth this year,
with higher capital expenditure
by the government and non-
fnancial public enterprises,
he said, adding that he was
turning cautiously optimistic
about the domestic economic
recovery.
In this regard, we are
now projecting the real gross
domestic product (GDP)
growth to moderate further to
4 percent in the second quarter
of 2012 from 4.7 percent in the
frst quarter.
In line with the volatile
external conditions resulting
from the eurozone debt crisis,
the continued correction in
commodity prices and weaker-
than-expected public spending,
Alliance Research is projecting
slower GDP growth of 4.2
percent this year, decelerating
from 5.1 percent last year.
While the projected GDP
growth of 4.2 percent is based
on the assumptions of a global
economic moderation with
some resolution to the debt
crisis (with Greece remaining
in the union) as well as timely
and full implementation of
measures announced in the
2012 Budget and ETP, we have
taken note of several downside
risks to growth.
These include a further
deterioration in global investor
confdence, the increasing
likelihood of a prolonged
eurozone debt crisis as well as a
steeper slowdown experienced
in the larger regional economies
such as China.
On the domestic economy,
Manokaran said one of the
key risks was the rising level
of fscal defcit (from the
estimated 4.7 percent of GDP
in 2012) due to the potential
increase in subsidies as a
result of high global crude oil
prices and lower GDP growth.
msian domestic demand
expected to slow in Q2
Kuala Lumpur Tower is seen behind an under construction commercial high-rise building.
Yichang, Asia News
Network, China Daily
The Three Gorges Dam, the
worlds largest hydropower
project, started working at
full capacity on Wednesday as
the last of its 32 large turbine
generators was put into
operation.
The last generator, or the
dams No 27 generator, is one
of six generators that make up
the dams underground power
plant. The other 26 units are
situated inside the mountain
on the left and right sides of
the riverbank.
With a combined
generating capacity of 22.5
million kilowatts, the full
operation of the generators
makes the Three Gorges
Dam the worlds largest
hydropower project and
largest base of clean energy,
Zhang Cheng, general
manager of China Yangtze
Power Co. Ltd., the operator
of the generators, said at a
Wednesday ceremony held in
Yichang in Central Chinas
Hubei province.
The last generator was
designed and manufactured
by China Dongfang Electric
Machinery Co. Ltd. and
was installed by the China
Gezhouba Group Mechanical
and Electrical Construction
Co. Ltd.
Workers began installing
the generator in late January
of last year. The generator
successfully passed a 72-hour
power grid trial in May this
year.
Its operation demonstrates
that Chinas technology related
to designing, manufacturing,
installing and adjusting large
evaporative air cooling units
has become mature. We have
full intellectual property
rights for certain cooling
technologies, said Zhang
Chengping, director of the
Mechanics Engineering
Bureau under the China Three
Gorges Corporation.
The Three Gorges Project,
launched in 1993 with a
budget equivalent to US$22.5
billion, consists of a dam and a
fve-tier ship dock, in addition
to the 32 generators.
The dams frst generator
went into operation on July 10,
2003. All of the 26 generators
on the two sides of the dam
had gone into operation as of
October 2008.
The Three Gorges Project
generates electricity, controls
fooding by providing storage
for water and adjusts shipping
capacity on the Yangtze River,
Chinas longest waterway.
The project has not
only eased power shortages
and boosted the countrys
economic development, but
also played a signifcant role
in developing clean energy
and cutting greenhouse gas
emissions, said Li Pingshi,
director of the Three Gorges
Power Plant.
As of Wednesday, it
has generated 564.8 billion
kilowatt-hours of electricity,
Li said.
The dam withstood three
major foods last summer,
taking the edge off the ferce
fows by holding back the
majority of the foodwaters in
its reservoir to ease the foods
impact on the rivers lower
reaches.
The dam reservoir releases
water in the dry season to
ease droughts, particularly
in downstream rice-growing
areas.
Three Gorges Dam at full capacity
Photo taken on July 3, 2012 shows the Three Gorges Dam in Yichang, Central Chinas Hubei province.
26 Vientiane Times
B 2 Monday July 9, 2012
Corporate earnings will determine this weeks trend
This week, the Q2 earnings season kicks off with just a few reports, which should refect
the fallout from slower global growth and the EU crisis which is hurting corporate bottom
lines. Alcoa results are due Monday, followed by Chevron on Wednesday, plus JPMorgan on
Friday. Copper at a new low is expected to rebound this week.
It wasnt a surprise as stock markets dried up on Friday as the euro hit a new two-year
low against the US dollar and crude oil prices slumped more than 3pct on Friday fueled by
disappointing US jobs growth fgures which then reinforced worries the American economy.
US stocks Friday declined, erasing all the weekly gains for the Standard & Poor's 500 Index.
Trevali Mining Corp. (TV), a Canadian silver and zinc producer with operations in Peru,
tumbled the most in fve weeks, dropping 4.2 percent to 92 cents. Southern Copper Corp.
(SCCO PE), the nation's biggest copper producer, slid 1.2 percent to US$31.70. Freeport
McMoran Copper & Gold Inc. fell 1.3 percent to US$35.01 with 25,987,900 shares traded.
Ford Motor Co. fell .7 percent to US$9.50 with 29,881,400 shares traded. General Electric
Co. fell 1.6 percent to US$20.00 with 55,710,200 shares traded. JPMorgan Chase & Co.
fell 1.4 percent to US$33.90 with 31,229,600 shares traded. Bank of America Corp. fell
2.0 percent to US$7.66 with 109,955,300 shares traded. Citigroup Inc. fell 1.8 percent to
US$26.36 with 27,004,100 shares traded.
Gold Reach Resources announced early June the expanded http://fnance.yahoo.com/news/
gold-reach-adds-another-drill-123000873.html drilling programmes assay results are due out
possibly early this week. If as expected, the share price for GRV could take on another spike,
similar to that witnessed in July.
This week is expected to be another very ordinary week. A lot will depend on this weeks
corporate results, plus Chinese data, starting off today with infation and export data, and
GDP by Friday which will include retail sales, and industrial output.
Asia News Network, VNS
HCM City -- Experts have
urged the plastic sector to buy
advanced technology and use
more automated procedures to
meet quality, hygiene and safety
standards of both Vietnam and
other countries.
Vietnam Plastic Association
(VPA) told attendees at its
congress held last Saturday in
HCM City that the industry
should gradually eliminate
outdated technology and
machines.
They said companies
needed to increase investment
in large-capacity production
chains to make high-value
products and to produce more
raw materials and components
in Vietnam to increase the
localisation rate.
Advanced technology
investment would create high
quality and environmentally
friendly products to compete in
domestic and foreign markets,
they said.
Currently, most plastic
companies import machines
and technology from other
Asian countries. In 2008, the
import turnover of Vietnamese
plastic sectors machines was
US$363.76 million.
Speakers at the congress
urged the sector to develop new
products to meet the increasing
demands of domestic and
international markets.
They also said that Vietnam
should focus on building
national trademarks to compete
in the international market.
The plastic sector has
an important role in the
economy, and it should
develop in accordance with the
countrys industrialisation and
modernisation, the VPA urged.
The plastic sector aims to
reach export turnover of US$3.2
billion by 2015 and US$7
billion by 2020.
Currently, the country has
about 530 plastic exporters.
Vietnamese plastic products
are present in more than 150
countries, with the 10 largest
import markets being the US,
Japan, Cambodia, Germany,
the UK, Netherlands, France,
Taiwan, Malaysia and
Philippines.
Experts urged the industry
to produce more technically
advanced plastic for the
automobile, motorbike and
electronics assembly industries
for the 2016-2020 period.
By 2025, the country should
aim to have waste-recycling
or processing factories for
plastic products and plastic raw
materials, according to several
speakers at the congress.
Companies should try to
use more recycled plastic as
a source of raw materials,
not only for environmental
reasons but also because of
lower prices and savings in
foreign currency for imported
materials, they said.
According to the VPA,
the country would save more
than US$600 million per year
and increase export turnover
by 25 percent if it used 35-50
percent of recycled plastic raw
materials.
The VPA also plans to
promote the image of the
countrys plastics sector in
international markets through
media, websites, foreign
magazines and fairs. It will also
organise more business trips for
local companies to survey new
and potential markets.
ROME (Xinhua) -- Italy
and Germany together can
help Europe overcome its
economic crisis, Italys Prime
Minister Mario Monti said
on Wednesday after meeting
German Chancellor Angela
Merkel in Rome.
Italy and Germany are
among the EU countries most
willing to move towards a
sharing of sovereignty if this
can mean more effective
economic policy instruments
to bring the entire EU to a
level of competitiveness of
which Germany is a strong
example, Monti told a joint
press conference after the
Wednesday meeting.
Italy, he pointed out,
does not need external aid,
so it will not ask for help
from the existing rescue
mechanisms in the EU
because luckily it is not
in the same conditions of
Greece, Ireland and Portugal.
The Italian government
intends to pursue with
determination the path of
budget balancing, fscal
discipline and structural
Plastics industry
urged to modernise
Producing plastic pipes at North
Binh Minh Plastics Litmited
Company.
reforms in view of a growth
that we hope will arrive as
soon as possible, he said.
After approving a labor
market reform last week, his
cabinet of technocrats was
now working hard for revising
and reducing public spending,
also to avoid an increase of
the value added tax (VAT)
which would further hamper
the recession-hit economy, he
said.
Reducing the burden of
public sector in markets,
including fnancial markets,
will especially create more
work opportunities for
youth, whose unemployment
rate has reached a clearly
unacceptable 36-percent
threshold, Monti added.
Merkel agreed that Italy
and Germany want to
overcome together all the
doubts and weaknesses of
Europe.
If our European
neighbors are in crisis,
Germans themselves will
have problems: it is in our
interest that all other countries
have a positive economic
development, otherwise
Germany will not maintain its
prosperity, she stressed.
The Chancellor also
praised the variety of
reforms undertaken by the
Italian government in a very
short time, along with very
fundamental decisions.
The meeting was attended
by several ministers, diplomats
and business representatives
of the two countries including
Italys Deputy Economy
Minister, Vittorio Grilli, and
German Finance Minister
Wolfgang Schauble.
It followed a key
European Union (EU) summit
last week, during which
Monti won his plea to have
EU funds from a permanent
rescue mechanism European
Stability Mechanism (ESM)
used to reduce borrowing
costs of countries in need.
In Brussels we discussed
new measures in the short
term. I am satisfed, and all
17 countries of the Eurogroup
are satisfed because they
have reached unanimous
conclusions, said Monti.
Italy, Germany to strengthen cooperation
to overcome crisis: Italian PM
Vientiane Times 27
Continued from last issue
Monday July 9, 2012 B 3
IN BRIEF
Oil down near
US$86 after Europe,
China rate cuts
SINGAPORE (AP) -- Oil fell
to near US$86 a barrel on
Friday in Asia amid doubts
that Europe and Chinas
interest rate cuts will be
enough to halt an economic
slowdown. Benchmark oil
for August delivery was
down US$1.12 at US$86.10
a barrel at midday Singapore
time in electronic trading on
the New York Mercantile
Exchange. Crude fell 44
cents to settle at US$87.22
on Thursday in New York.
Asia stocks fall
despite global
stimulus measures
SINGAPORE (AP) -- Asian
stocks were lower on Friday
as investors brushed off
monetary stimulus measures
by China, Europe and Britain
as insuffcient to reverse a
global economic slowdown.
An interest rate cut by the
European Central Bank on
Thursday and a pledge by
the Bank of England to boost
money in circulation were in
line with analyst expectations
and failed to jolt investors
out of worries about slowing
global growth.
Philippines says
S&P upgrade nod to
fscal policy
MANILA, Philippines (AP)
-- The Philippines says a
credit rating upgrade by
Standard & Poors will
help the country carry out
reforms without weakening its
fnancial position. The agency
on Wednesday raised the
Philippines long-term foreign
currency credit rating to BB+
from BB, one notch below
investment grade. It kept the
rating outlook at stable.
Smartphones
expected to boost
Samsung 2Q result
SEOUL, South Korea (AP) --
Samsung Electronics Co., the
worlds top maker of mobile
phones, memory chips, fat-
screen panels and televisions,
will release guidance for its
second-quarter results on
Friday, giving insight into
its performance before the
disclosure of full results at
the end of this month.
Even though Samsung is
expected to report a record-
high operating proft for
another quarter on the back
of strong demand for Galaxy
smartphones, its share price
has lost steam since closing
at a record high on May 2.
China new bank
lending to top 8
trillion yuan: report
BEIJING (Xinhua) -- Chinas
bank lending may expand
at a moderate range this
year and the growth rate
will see a notable retreat
amid the slowing economy,
according to a report released
on Tuesday by the China
Banking Association.
The association predicted
new yuan-denominated loans
would total 8 trillion yuan
(US$1.27 trillion) to 8.5
trillion yuan in 2012, higher
than 7.47 trillion in 2011.
Trisha Tsuei, Asia News
Network, The Straits Times
Prices for private homes have
risen by 0.4 percent in the
second quarter of this year,
according to fash estimates
released by the Urban
Redevelopment Authority
(URA) last week.
Non-landed private
home prices increased by
0.6 percent, while prices for
properties outside the central
region went up by a more
moderate 0.4 percent. There
was no change in the prices in
the rest of the central region.
The latest price increase
is a reversal of last quarters
price decrease of 0.1 percent,
the frst quarterly price fall
since Q2 of 2009.
More detailed data will
be revealed on July 27 when
URA releases the full second
quarter real estate statistics.
Asia News Network, Jiji
Press The Daily Yomiuri
Online
Business sentiment among
large Japanese manufacturers
improved for the frst time
in three quarters in June,
although it remained in
negative territory for the third
consecutive quarter, the Bank
of Japans Tankan quarterly
survey showed last Monday.
The improvement refects a
recovery in domestic demand
on the back of reconstruction
efforts in areas devastated by
the March 2011 earthquake and
tsunami as well as government
subsidies for eco-friendly
vehicles, analysts said.
A halt to the yens rapid
appreciation against other
major currencies also shored
up business sentiment, they
said.
The closely watched
diffusion index for large
manufacturers current
business conditions stood at
minus 1, against minus 4 in the
previous March survey.
It stayed in minus territory
for June amid concern over
a slowdown in overseas
economies due to the European
credit crisis, analysts said.
The diffusion index
represents the percentage of
companies reporting favorable
business conditions minus
those feeling the opposite.
Among large manufacturers,
business sentiment improved
in seven of the 16 sectors. The
index for the automotive sector
rose four points to plus 32 and
that for the electronic machinery
sector improved three points to
minus 14.
The business outlook index
toward in September stood at
plus 1 for large manufacturers.
But there are signs of
cautiousness about their
business prospects.
The outlook index for
automakers came to 15, down
a sharp 17 points, with the
government subsidy program
for eco-friendly vehicles
expected to expire this summer.
The Bank of Japan survey
Asia News Network, The
Korea Herald
South Korean tech giant
Samsung Electronics Co. said
on Friday that it had probably
posted a record operating
proft in the second quarter
on strong sales of its fagship
Galaxy series smartphones.
Samsung, the worlds
largest maker of memory
chips and smartphones,
estimated its operating proft
at 6.7 trillion won
(US$5.9 billion) for the
April-June period, up 78.7
percent from a year earlier
and 14.5 percent from three
months earlier.
The earnings guidance
was in line with a median
forecast of 6.7 trillion won
by 18 securities companies
polled by Yonhap Infomax,
the fnancial arm of Yonhap
News Agency.
Samsungs second-quarter
revenue rose 19.2 percent on-
year to reach 47 trillion won,
the company said. A net proft
estimate was not provided.
Samsung is scheduled to
unveil its quarterly earnings at
the end of this month, the frst
report to be given after chief
executive offcer Kwon Oh-
hyun was appointed to head
the company.
The company did not give
reasons for its estimate, but
market watchers said brisk
Asia News Network, The
Jakarta Post
The government is still
expressing its disappointment
over the decision of
BlackBerry smartphone
producer Research in Motion
(RIM) to choose Malaysia
over Indonesia as the location
for its new production base,
kompas.com reported on last
Tuesday.
Deputy Trade Minister
Bayu Krisnamurthi said
that BlackBerry demand in
Indonesia far exceeded that in
Malaysia.
We are disappointed over
RIMs decision, why would
they build their base there [in
Malaysia]? We actually have a
bigger market, Bayu said as
quoted by kompas.com.
The number of cellular
Private home prices rise by
0.4 percent in Singapore
The Paterson Suites, a condominium development at Paterson Road.
Business sentiment rises in Japan
showed that the current
business conditions index for
large nonmanufacturers came
to plus 8, rising from plus 5 in
the March survey and posting
an improvement for the fourth
consecutive quarter.
Supported by steady
consumer spending, the index
for large nonmanufacturers
hit its highest level since the
collapse of US investment
bank Lehman Brothers in
September 2008.
By sector, the current
conditions index for the
construction industry
improved six points to minus
1 and that for the hotel and
restaurant industry improved
11 points to plus 3.
The business outlook index
for large nonmanufacturers
came to plus 6, down two
points.
Large companies plan a 6.2
percent year-on-year increase
in capital spending for fscal
2012, which started in April,
on an all-industry basis, hitting
the highest level for a June
survey since a 7.7 percent rise
projected for fscal 2007.
Of them, manufacturers
plan a 12.4 percent rise, while
nonmanufacturers project 3
percent growth.
According to the latest
survey, large manufacturers
assume an exchange rate of
78.95 yen to the dollar for
fscal 2012, against 78.14 yen
in the March survey.
Yoshimasa Maruyama,
chief researcher of major
trading house Itochu Corp.,
said that the improvement of
the headline diffusion index is
in line with forecasts, adding
that the result refects corporate
earnings recovery.
But the improvement
shown in the outlook index
was unexpected, he said.
Yasunari Ueno, chief
market economist at Mizuho
Securities Co., said the June
Tankan proved stronger than
expected, with the headline
index bolstered chiefy by
brighter business sentiment
among materials makers due to
falls in procurement costs.
phone imports by Indonesia
has increased in the frst fve
months of the year, Bayu said.
He pointed out that cellular
phones were one of the most
infuential products in terms
of the rise of the countrys
imports, and they had also
contributed toward the non-oil
and gas defcit in May.
The Trade Ministry
recorded that the number
of cellular phone imports
increased by 22.2 percent
from January to May. Bayu
said that the government
had been requesting that
phone manufacturers build
their production bases in
the country to lower import
numbers.
We will push the
manufacturers to build their
factories here because the
demand is huge, he said.
Indonesia still irked by RIM decision
sales at its mobile business
accounted for more than
4 trillion won of the total
operating proft.
The impact of the
Galaxy S3 smartphone was
maximized thanks to its sole
competitor Apple Inc.s delay
in releasing a new product,
Shinhan Investment Corp.
Kim Young-chan said in a
report, More than 6 million
units of the latest Galaxy
phone have been sold since its
rollout in late May, with sales
likely to top 25 million units
in the second half.
Kim predicted the
company to sell a total of 204
million smartphones in 2012.
Samsung introduced the
Galaxy S3 on May 29 in
Europe as part of its efforts
to jump-start demand in
the US$219 billion global
smartphone market ahead of
its US rival Apples iPhone 5
release.
Samsung said shipments
of the fagship phone will
likely reach the 10 million
milestone this month.
Samsung probably sold
49 million smartphones in the
second quarter, lower than an
earlier projection of 55 million,
as supply issues hampered
shipments, according to KB
Securities Co.
Analysts said most
divisions at the tech behemoth
saw their operating proft rise
in the second quarter from
three months earlier despite
concerns over the eurozone
debt crisis and other negative
factors.
Hanwha Securities Co.
analyst Ahn Seong-ho said
the companys liquid-crystal
display (LCD) business likely
swung to the black after six
straight quarters of losses,
adding its active-matrix
organic light-emitting diode
(AMOLED) business also
continued to fare well.
Samsungs chip business
with an estimated operating
proft of 1 trillion won was
hurt by weak dynamic random
access memory (DRAM) and
NAND chip prices. Market
watchers, however, said it is
expected to gather ground in
the third quarter on the back
of a price recovery.
Meanwhile, analysts
said continued brisk sales of
the Galaxy S3 as well as an
improving chip sector will
push the companys third-
quarter operating proft to
another record high.
Mobile phones, rather
than chips, are now Samsungs
main growth engine. On the
back of sustained mobile
business growth, Samsungs
operating proft is expected to
easily reach the 7 trillion won
level, said Choi Do-yeon, an
analyst at LIG Investment &
Securities Co.
Samsung puts Q2 operating
proft at record 6.7 tln won
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28 Vientiane Times Monday July 9, 2012 B 4 B 4
Vientiane Times 29
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