Economy

Former EDL Executives, Senior Officials Get Life in Landmark Laos Corruption Cases

On 1 July, the Vientiane Capital People’s Court announced verdicts in four major corruption cases involving 17 defendants, among them former senior government officials, state enterprise executives, and businesspeople.  The court handed down life sentences to at least ten defendants, including senior figures from the inspection, banking, energy, and foreign...

Vientiane Completes New 9.3-Kilometer Mekong Embankment

On 1 July, Vientiane officially opened a new 9.3-kilometer stretch of Mekong riverfront featuring...

China-Laos Low-Carbon Project Expected to Cut Emissions by More Than 1,200 Tons Annually

The Vientiane-Saysettha Low-Carbon Demonstration Zone is expected to reduce carbon emissions by more than...

Lao President’s Book Donated to 22 Lao Schools Across Vientiane

More than 22 schools across Vientiane Capital received copies of President Thongloun Sisoulith’s memoir...

Power Outages to Hit Four Vientiane Districts in Early July

Electricite du Laos (EDL), a state-owned national electricity utility, will cut power across four...

Boost Economic Development, PM Urges Authorities in Phongsaly

Prime Minister Thongloun Sisoulith has urged leading authorities in Phongsaly to pay attention to socio-economic development strategies in enhancing people’s livelihoods after visiting several...

Ministry Reduces Fuel Prices

Petrol stations across the country lowered the retail prices of petrol and diesel yesterday after the Ministry of Industry and Commerce issued an announcement...

Economist: Kip Strong, Not Overvalued

Even though the Lao kip is strong the currency is not overvalued, according to a leading local economist. Senior Economist of the National Economic Research...

New Study: Laos At Development Crossroads

A new study by the Economic Research Institute for Asean and East Asia has highlighted 2 serious challenges for the nation's industrial development while...

Xekong Coffee Growers Exasperated By Price Drop

Agricultural officials have soothed coffee growers enough in the southern province of Xekong before they began pulling their crops in favour of others due...

ASEAN and Indian Businesses Seek Ways to Promote Trade & Investment

The ASEAN India Business Council (AIBC), representing the voice of industry in India and ASEAN, met in Vientiane last week to consolidate the process...