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Saturday, November 15, 2025
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Economy

Laos Uncovers Widespread Corruption, Records Billions in Losses Over Five Years

Laos has uncovered widespread corruption cases nationwide over the past five years, identifying 334 individuals implicated in financial misconduct between 2021 and 2025, with total losses exceeding LAK 642.93 billion (nearly USD 30 million), alongside significant losses in multiple foreign currencies.  Khamphanh Phommathat, President of the State Inspection Authority (SIA),...

Lao State Fuel Company Set to Transform into Public–Private Joint Venture

The Lao government is moving to restructure the Lao State Fuel Company (LSFC) into...

EDL-Gen Signs an Agreement to Boost Floating Solar, Carbon Credit Initiatives

On 10 November, Électricité du Laos Generation Public Company (EDL-Gen) signed an agreement with...

National Assembly Calls for Action on Roads, Education, Agriculture

At the 10th Ordinary Session of the 9th National Assembly on 11 November, members...

Construction Begins on National Road No. 2W Upgrade Project Worth USD 10 Million

On 11 November, the Ministry of Public Works and Transport (MPWT) signed a contract...

Laos Uncovers Widespread Corruption, Records Billions in Losses Over Five Years

Laos has uncovered widespread corruption cases nationwide over the past five years, identifying 334 individuals implicated in financial misconduct between 2021 and 2025, with...

Lao State Fuel Company Set to Transform into Public–Private Joint Venture

The Lao government is moving to restructure the Lao State Fuel Company (LSFC) into a public–private joint venture as part of its broader overhaul...

EDL-Gen Signs an Agreement to Boost Floating Solar, Carbon Credit Initiatives

On 10 November, Électricité du Laos Generation Public Company (EDL-Gen) signed an agreement with South Korean firm CS Tech Co., Ltd. to develop floating...

National Assembly Calls for Action on Roads, Education, Agriculture

At the 10th Ordinary Session of the 9th National Assembly on 11 November, members proposed measures for the government to address key challenges highlighted...

Construction Begins on National Road No. 2W Upgrade Project Worth USD 10 Million

On 11 November, the Ministry of Public Works and Transport (MPWT) signed a contract with China Jianxai International Economic and Technical Cooperation Co., Ltd....

Mineral Sector Surpasses Five-Year Goals as Government Strengthens Oversight

Laos’ mineral sector recorded production worth LAK 36,175 billion (approximately USD 1.67 billion) in the first 10 months of 2025, achieving 104 percent of...