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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 Needs Improved Hydropower Safety Legislation: Energy Minister

Lao Minister of Energy and Mines, Mr. Daovong Phonekeo, says enacting a specific law to ensure dam safety is a vital part of the country's...

MRC Unveils Technology to Monitor Mekong Water Quality and Fish Migration

With hydrological projects now a daily reality along Southeast Asia’s most important waterway, the Mekong River Commission and its partners have introduced new technology...

Bolikhamxay Province Runs Out of Diesel Fuel

Petrol stations in Bolikhamxay Province have completely run out of diesel fuel, forcing many to close down for several days. The District Department of Industry...

Domestic Tourists in Laos Lured Away by Renewed International Travel

With international borders recently reopened, high-volume domestic destinations such as Vang Vieng, which received an influx of domestic tourists during the pandemic, have begun...

‘Unlocking’ Reform Policies Can Help Laos Realize Economic Potential

Laos is facing significant economic challenges but has the potential to develop sustainably and more equitably, according to a new World Bank report. The latest...

Inflation Rate Hits 12.8 %

The rate of inflation in Laos reached 12.8% in May, the highest point in 15 years. According to information provided by the Bank of Laos,...