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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...

Thailand to Fast Track Railway Connection With Laos

The Thai Minister of Transport will visit Laos at the end of this month to discuss the construction of a railway connection between Thailand...

Passengers Confused by Laos-China Railway Stance on Standing Tickets

Laos-China Railway passengers are confused by a poll on social media regarding the potential sale of standing tickets, however, the railway has now responded...

Lao Government Approves Tax Reduction on Diesel for Farmers

The Government of Laos has agreed to abolish the excise tax on diesel, which was previously levied at 15%, in an effort to reduce...

Chinese National Commits Suicide on Laos-China Railway

A Chinese national was killed by a Vientiane-Boten freight train on the Laos-China Railway on 3 August in Naxaythong District. Lao Public Security Television...

Laos Behind Other ASEAN Nations in Digital Maturity

Laos ranks ninth out of the ten ASEAN countries in terms of digital access, affordability, and quality of internet services, according to a new...

Fitch Downgrades Laos’ Long-Term Foreign-Currency IDR to ‘CCC-‘

American credit rating agency Fitch Ratings has downgraded Laos' status as it believes the country is now more vulnerable to default on financial obligations. Fitch...