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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...

Laos Sees Over 2,000 Visitors After Full Reopening

Laos has recorded more than 2,000 arrivals at land borders and Wattay International Airport following the country's 9 May reopening. Dr. Kikeo Khaykhamphithoune, Deputy Prime...

Students in Laos See a Difficult Future in the “New Normal”

With the government’s recent decree reopening the country, many in Laos are hoping to pick up where they left off before the pandemic abruptly...

Laos Economic Recovery Challenged by Debt and Rising Prices

While the economy is beginning to recover from the effects of Covid-19, Laos faces stiff challenges associated with long-standing macroeconomic imbalances, according to the...

Vientiane Petrol Station Owner Issues Apology for Coffee Confusion

The franchisee of a PTT petrol station in That Luang, Vientiane Capital, has publicly apologized for forcing customers to purchase coffee prior to being...

Laos State Fuel Company to Purchase Fuel from Xieng Khouang Refinery

As fuel shortages worsen, the Lao State Fuel Enterprise has signed a purchase agreement with an oil refinery in Xieng Khouang. Mr. Sisangkhom Khotyotha, Director...

Laos Chamber of Commerce Proposes Strategies to Stabilize Currency

The Lao National Chamber of Commerce and Industry has proposed a number of strategies for stabilizing the currency and ending the ongoing fuel crisis...