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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 Inflation Rate Sees Modest Decline in May

The country recorded a year-on-year inflation rate of 38.86% in May, according to information from the Lao Statistics Bureau (LSB). The year-on-year inflation rate in...

World Bank to Support Improvement of Laos Electricity Grid

The World Bank has approved a Power Distribution Improvement Project to increase the capacity and efficiency of the domestic electricity grid in Laos and...

Renewable Energy Surges, Driven by Solar Boom and High Fuel Prices, Report Finds

BERLIN (AP) — The world is set to add a record amount of renewable electricity capacity this year as governments and consumers seek to...

Lao Central Bank Restores Foreign Currency Control Department

The Bank of the Lao PDR has reinstated the Foreign Currency Control Department for foreign currency management in the country amid the depreciation of...

Authorities Plan to Connect Vientiane-Vang Vieng Expressway to Xaysomboun Province

Authorities in Vientiane and Xaysomboun provinces have discussed a corridor plan on the Vientiane-Vang Vieng Expressway to connect the two provinces. Lao National Radio...

US Embassy, Lao Govt Celebrate Three Decades of Law Enforcement and Justice Sector Cooperation

Members of the Lao government, US Embassy Vientiane, and international organizations gathered at the Lao Plaza Hotel last month to celebrate the long history...