Laos is in serious economic trouble. He said the reasons for the big debt were "multi-causal and cascading" including: "over-lending" and poor due diligence by Chinese banks; "over-borrowing" by Laos with the sheer number of project loans appearing to overwhelm the utilities' capacity effectively manage so many large and complex energy projects; over-estimated domestic energy demand projections which justified these …
The World Health Organisation defines a pandemic as "the worldwide spread of a new disease". Roland Rajah, Director of the International Economy Program at the Lowy Institute, told the ABC the pandemic announcement was not necessarily momentous, but added a "sense of urgency" to the situation. For Australia, measures to contain the spread of COVID-19 could see more schools shut, …