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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...

Global Economy on Precarious Footing Amid High Interest Rates

Global growth has slowed sharply and the risk of financial stress in emerging market and developing economies (EMDEs) is intensifying amid elevated global interest...

Lao Government to Utilize Hydrogen Ammonia as Clean Source of Energy

The Lao Government is currently in the process of drafting strategies to utilize hydrogen ammonia as a clean source of energy, partially replacing other...

Groundbreaking Held For Cambodia’s Second Expressway, Linking Capital To Vietnam

PHNOM PENH, Cambodia (AP) — Cambodian Prime Minister Hun Sen on Wednesday presided over a groundbreaking ceremony for construction of the country’s second expressway,...

Lao President Appoints New Committee for Country’s Digital Transformation

Mr.Thongloun Sisoulith, the President of Laos, has selected members of a new National Committee to implement the Digital Transformation plan for economic and social...

New Tourist Amenities to be Built in Xaysomboun Province

Xaysomboun province officials have permitted a local company to construct tourist facilities in three public parks in the Anouvong district, at a cost of...

SEZs Provides More Than 60,000 Jobs to Locals in Laos

According to government officials, more than 1,000 businesses registered in 21 Special Economic Zones (SEZs) across seven provinces in Laos have provided 60,000 employment...