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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...

Public Warned About Electrical Hazards Along Laos-China Railway

Electrical systems and transmission lines are expected to be operational along the Laos-China Railway in the coming days, with the public advised to keep...

Bank of Laos Warns Public Against Use of Cryptocurrency

The Bank of Laos (BOL) has issued a notice warning the public about the usage of unregulated cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, which...

Laos Hopes to Pay Off USD 14 Billion Debt by 2025

Foreign debt to the tune of USD 13 billion and domestic debt of USD 900 million will be paid off with revenue earned from...

China Remains the Largest Foreign Investor in Laos

China remains the largest foreign investor in Laos, undertaking a total of 813 projects worth USD 16 billion. Deputy Prime Minister and Minister of Planning...

Returning Migrant Labor Costs Lao Government Over LAK 15 Billion

The Lao government has spent over LAK 15.82 billion on food, transportation, and other necessities for Lao migrant workers returning from Thailand. Minister of Labour...

Laos-China Railway Scheduled to Open in December this Year

Laos has announced that the Laos-China Railway is scheduled to officially open in early December this year. Deputy Prime Minister and Minister of Planning and...