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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...

Bank of Laos Targets Stronger Oversight, Digital Banking, Regional Connectivity in New Five-Year Strategy

The Bank of Laos (BOL) has unveiled a new five-year plan (2026–2030) aimed at strengthening the national financial system and ensuring long-term monetary stability. During...

Vang Vieng Under Review for ASEAN Clean Tourist City Award

Vang Vieng, one of Laos’ most popular tourist destinations, is under evaluation for the ASEAN Clean Tourist City Award 2026.  Officials from the Ministry of...

Lao Green Business Forum 2025 sets vision for Laos as ASEAN’s future Green Business Hub

The Lao Green Business Forum 2025 marked a pivotal step in Laos’s journey toward becoming a regional leader in green and sustainable enterprise. Hosted at...

Attapeu Approves Xekaman 1 Dam Tourism Development Project

Attapeu Province is taking a major step to expand its tourism sector with the approval of a 30-year concession to develop the area around...

Pakse International Airport Undergoes Major Renovation, Expansion

Pakse International Airport in Laos’ southern Champasack Province is undergoing a major renovation and expansion to upgrade its passenger sections and airport facilities.  The project,...

Luang Prabang International Airport Set for Major Upgrade Under Public–Private Partnership

Luang Prabang International Airport is set for a major upgrade through a Public–Private Partnership (PPP) led by the Ministry of Public Works and Transport,...