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For Asean countries, IMF sees slower global growth outweighing China reopening

SINGAPORE: International Monetary Fund economists said on Tuesday that Singapore and other Southeast Asian economies are seeing downgrades to their 2023 growth outlooks because slowing global growth will outweigh the positive impact from China’s economic reopening. Chief economist Pierre-Olivier Gourinchas told a news briefing on the IMF’s latest global growth forecasts these forces prompted the […]

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Thailand: New road to boost border trade

The construction of a 43-kilometre road from Chiang Rai to Phayao, expected to ease border trade between Thailand, Laos and Myanmar will likely be completed next year. The Department of Rural Roads says construction of the Highway 1020 subsidiary in the North is 20% complete. The road begins in Phayao’s Chun district and stretches to Thoeng […]

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