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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...

Lasting Laos: Reopening the Country to Sustainable Tourism

The "Lasting Laos" campaign and the SUSTOUR Laos Project are working with local businesses to encourage sustainable tourism and help the Lao economy recover...

Nam Tha 1 Hydropower Station Successfully Sends Power to China

China and Laos have attained two-way transmission of power for the first time since a grid link project between the two countries was initiated...

Singapore Hungry for Electricity from Laos

Laos will shortly begin supplying Singapore with electricity under the Laos-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP). Vientiane Times reported on Monday that a total of 100...

Ministry of Labor and Social Welfare Raises Minimum Wage

The Ministry of Labor and Social Welfare will raise the minimum wage for low-skilled workers amid the rising cost of living in Laos. According...

Laos Sells, Dissolves, and Reforms State Enterprises

Laos has begun selling shares in its state enterprises to local investors as part of reforms expected to unburden the state amid economic woes. A...

Bank of Laos Limits Daily Foreign Exchange Transactions

The Bank of the Lao PDR (BOL) has announced that commercial banks and currency exchange providers will be subject to new limits on the...