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Friday, November 14, 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-China Railway Officially Launched

The Laos-China Railway was officially launched today during a ceremony presided over by Lao President Thongloun Sisoulith and Chinese President Xi Jinping. The landmark railway...

Laos Records Trade Deficit of USD 45 Million in October

Laos recorded a trade deficit of USD 45 million in October with imports and exports totaling USD 819 million. According to information from the Lao...

Buddhist Ceremony Held to Mark Laos-China Railway Inauguration

  A traditional Buddhist blessing ceremony was held yesterday to mark the opening of the Laos-China Railway and ensure its successful operation. The ceremony took place...

Laos-China Railway Confirms Passenger Fares

Passenger fares for trips on the upcoming Laos-China Railway have been confirmed by the Ministry of Public Works and Transport. The ministry issued a notice...

Korean Investment Sought in That Luang Lake Special Economic Zone

Korean investment in land development is expected to pour in following a deal between Chinese developers and a Korean real estate firm. Korean real estate...

Authorities to Discuss Methods for Addressing High Fuel Prices in Laos

Authorities in Laos have begun attempts to address high fuel prices faced by the country amid the volatile global market. The Ministry of Industry and...