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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...

Man Killed Exiting Vehicle on Vang Vieng Expressway

A man was killed after exiting his vehicle on the Vientiane to Vang Vieng Expressway Wednesday evening. The Vientiane Rescue team reported that the...

Chifeng Jilong Gold Partners with Lao Mining Development State Enterprise

Chifeng Jilong Gold has entered into a historical cooperation agreement with Lao Mining Development State Enterprise (LMD). The agreement will enable the parties to...

Laos-China Railway Clarifies Wet Weather Incident

The Laos-China Railway Company has issued a statement on its Facebook page clarifying an incident that occurred recently in which customers were caught in...

Representatives from Laos Attend Sydney Energy Forum

Laos has sent representatives from the energy sector to participate in the Sydney Energy Forum, held in Sydney, Australia from 12 to 13 July.  Indo-Pacific...

Paths to Recovery in Laos: Restore Economic Stability, Increase Inclusion, and Strengthen Resilience

Critical near-term challenges for Laos include restoring macroeconomic stability, improving economic inclusion, and protecting its people against environmental and economic shocks, according to a...

National Treasury and ICBC Cooperate in Tax Payment System

The National Treasury and the Industrial and Commercial Bank of China (ICBC) have begun cooperation in systems for payment of taxation into the state...