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Sunday, November 16, 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...

Myanmar Central Bank Bans Payments in Foreign Currency

The Central Bank of Myanmar (CBM) on Wednesday banned foreign currency for local payments to stabilize the foreign exchange rate in the country. The bank...

Laos-China Railway to Link with Thanaleng Dry Port 

Authorities have begun preparations to link the Laos-China Railway to the Thanaleng Dry Port to better facilitate freight transportation. While goods are currently transported by...

US President Biden Forms Economic Bloc for Indo-Pacific

US President Joe Biden has formed an economic framework with 12 Indo-Pacific nations officially named the Indo-Pacific Economic Framework. Five years after his predecessor pulled...

New Cryptocurrency Mining Operation Opens in Laos 

Laos has officially launched a cryptocurrency mining operation in Bachiang Chaleunsouk District, Champasack Province. A ceremony to launch the project was held by Lao...

Thailand to Legalize Undocumented Workers from Neighboring Countries

Thailand has said it hopes to legalize undocumented migrants to meet an increased demand for foreign labor. Bangkok Post reports that If the plan is...

New Economic Corridor to Boost Regional Trade through Laos

The World Bank's Board of Executive Directors has authorized a USD 132 million project to boost climate-resilient transport connections and regional commerce along an...