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Friday, November 14, 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 May Face Foreign Debt Defaults as Economic Turbulence Continues

Following unsustainable external debt ratios and challenging future debt repayments, Credendo, a European credit insurance group, has downgraded Laos from category 6/7 to the...

Laos Starts Emergency Assistance Programs to Help Families With Food Shortage

Multiple projects have been launched recently to provide food security to disadvantaged families across Laos with support from the World Food Program (WFP). According to...

Lao Govt Looks at Manufacturing, Tourism Industries to Help Overcome Economic Turmoil

During the 6th Plenary Session of the 11th Party Central Committee held last week, President Thongloun Sisoulith addressed the committee, asking them to focus...

China Starts New Freight Train Route from Chongqing to ASEAN

The first freight train from the Southwest province of Chongqing arrived in Malaysia on Thursday on a new route to reduce the expenses and...

Laos Seals MOU With Chinese Firm for Development of That Luang SEZ

To attract more investment to the That Luang Lake SEZ, the Special Economic Zone (SEZ) Office in Laos signed an agreement with Huangpu Renewable...

Lao National Assembly Keen on Digitizing Governance

The National Assembly of Laos, in collaboration with the French-speaking Parliamentary Assembly organized a two-day seminar on digital governance and internet use last week. Under the...