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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-China Railway Admits Poor Management

The Director-General of the Laos-China Railway made a statement yesterday admitting the railway system's inefficient management. Mr. Daochinda Sihalath, Director-General of the Laos-China Railway, acknowledged...

Prices Still High in Laos Despite Drop In Foreign Currency Values

Despite a drop in the value of key foreign currencies, food and imported goods prices still remain high. Foreign currency values, particularly the US dollar...

Sithandone SEZ Unveils New Development Projects

The Sithandon special economic zone has began the construction of two major development projects in Four Thousand Islands.  The project plans were finalized on 25...

Laos Sees Renewed Fuel Shortages as Pumps Shut Down in Vientiane Capital

Social media users across Vientiane Capital began reporting closed petrol stations today as Laos looks to be headed back into fuel shortages. Many have begun...

Laos Increases Minium Wage, Excludes Overtime

An increased minimum wage is officially in effect across Laos today, however, overtime and other benefits have not been included. The increased minimum wage,...

Obsolete System, Corruption Delay Land Title Registration

The Head of the Department of Natural Resources and Environment commented on the delay of land registration during the 2nd National Assembly Session on 22 July.  Mr. Bounsom...