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Tuesday, November 18, 2025
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Economy

Laos Central Bank Faces LAK 66.86 Billion Embezzlement Loss

The Bank of the Lao PDR (BOL) is intensifying efforts to tackle corruption and internal mismanagement after inspection teams uncovered 181 cases of embezzlement and misappropriation between 2021 and 2025, resulting in losses of LAK 66.86 billion (USD 3 million). Alarmingly, only 22.96 percent of these funds have been recovered,...

New Weight-Based Toll Targets Road Damage from Mineral Transport

Starting in 2026, mineral transport trucks will be charged up to USD 1.5 per...

Laos Moves to Overhaul National School System by 2028

Laos is preparing to reform its national education system by shifting to a 6+3+3...

National Road No. 13 South in Savannakhet Set for Major Rehabilitation

A major 79-kilometer section of National Road No. 13 South is set for restoration...

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...

Students Encouraged to Apply for Tourism and Hospitality Courses Nationwide

Technical and vocational schools and colleges around the country have assembled their tourism and hospitality courses under one central Facebook Page titled "Hosts of...

Laos Sees Rising Public Debt Following Covid-19 Economic Effects

Public debt is on the rise for Laos after a drop in revenue collection and an increase in loans amid the Covid-19 pandemic. According to...

Thai Firm Keen to Construct ASEAN’s Largest Wind Farm in Laos

Thai energy giant BCPG Public Company has announced plans to develop ASEAN's largest wind farm in Laos, capitalizing on rising demand for energy in...

Bank of Laos Tightens Regulations on Currency Exchange Business

The Bank of the Lao PDR has drafted a new administrative regulation intended to regulate currency exchange businesses following the depreciation of the Lao...

Construction of Vientiane Station Commences on Laos-China Railway

A groundbreaking ceremony for construction of Vientiane Station along the Laos-China Railway was held on Friday in Xaythany District. Vientiane Station, located in Xay Village,...

Laos Remains Unable to Streamline Investment Process

While Laos has been promoting a one-stop investment service for many years, lawmakers admit that the reality remains a tedious process mired in bureaucracy....