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SKYWAY INDONESIA: TWO MEMORANDUMS SIGNED

As director of SkyWay Technologies Indonesia reports, MoUs with PT. Jorong Port Development and Indonesia Infrastructure Society were signed. PT. Jorong Port Development is interested to implement 10 km SW Cargo Transport in the most strategic port in Indonesia. Jorong Port is one of the National Strategic Programs. We will start to do the survey and FS this January 2018. Indonesia Infrastructure Society will support us to prepare the local feasibility study. In addition to the signing of the MoU, this event is also intended to provide the exposure of SkyWay development at the international and national levels. In this ceremony, Dompet Dhuafa as the biggest Charity foundation in Indonesia also declared about the collaboration for SkyWay financing using Waqf Productive – Waqf Infrastructure. This collaboration will make the community to participate actively. This event is also a briefing meeting

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News ‘Growth on track’ for Laos in 2017 and 2018: ADB

Luang Prabang, Laos. Laos’ growth is on track to reach 6.9 percent in 2017 as foreseen in April this year, despite a slightly sluggish growth by 6.8 percent in the first half of the year, according to the Asian Development Bank (ADB). Firm economic growth is expected for 2017 and 2018, the ADB forecasts in its annual flagship economic publication, Asian Development Outlook (ADO) 2017 Update, which was released in September 2017. Growth in 2017 is driven mainly by the construction of large infrastructure projects, strong electricity exports and a surge in cash crop production and exports. The report forecasts 7 percent gross domestic product (GDP) growth for 2018. “The Lao PDR’s economy is performing well in the Southeast Asian region. The measures taken in 2016 and early 2017, including curtailing spending and boosting private sector investments, appear to further

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