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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...

Lao-Thai Railway Completes Second Phase of Construction and Ready for Public Use

The Lao-Thai Railway is expected to start operations this year following the completion of the second phase of the railway construction, according to the...

New Thai Govt. Likely to Decriminalize Multi-Billion Dollar Sex Industry

Sex workers in Thailand are hopeful that the 14 May general election will see a new government come to power that will help decriminalize...

Laos Urges ASEAN to Tackle Issues of Poverty Alleviation and Food Security in Region

The Lao Minister of Information, Culture, and Tourism has urged ASEAN members to help the region tackle poverty and food security, during the 29th...

Central Bank of Laos Puts Mechanisms in Place to Control Inflation

The Bank of the Lao PDR has implemented various measures to manage high rates of inflation in the country, including increasing interest rates and...

Laos Records Trade Deficit of USD 17 Million in April

The country's trade deficit for April clocked in at USD 17 million, which was the lowest figure since January. The overall value of trade in...

Construction Begins in Laos on Largest Wind Power Plant in South East Asia

Construction work has begun on a major wind power plant project in Laos following the signing of a loan agreement of close to USD...