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Saturday, November 15, 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, South Korea Strengthen Ties with Early Warning System Grant

The Korea Meteorological Administration (KMA) has granted USD 4 million to the Department of Meteorology and Hydrology (DMH) in Laos. The funding aims to...

Lao PM Highlights Drug Threat, Urges Unity on Anti-Drug Day

On the 37th anniversary of International Anti-Drug Day, 26 June, Lao Prime Minister Sonexay Siphandone addressed the nation, reflecting on the country's efforts and...

Laos Begins Comprehensive Review of 2015 Constitution for Major Amendments

The National Committee for the Amendment of the Constitution commenced the review process of the 2015 Constitution on 20 June to make necessary revisions...

Dengue Fever Education Sessions Boost Awareness in Two Xaysomboun Villages

Local communities in Nam Mo and Nam Gnone, Xaysomboun Province, should now be better prepared to fight Dengue Fever thanks to recent education sessions...

Bank of Laos Raises Interest Rate to 10% Amid Economic Challenges

The Bank of the Lao PDR (BOL) has announced an increase in its interest rate for short-term loans from 8.5 percent to 10 percent...

Global Reading Crisis: 300 Million Children at Risk by 2030, Report Says

More than 300 million children, representing 37 percent of all young people worldwide, will fail to achieve basic reading proficiency by 2030 if immediate...