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 […]
Read MoreThe 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 […]
Read MoreA new website outlining the steps required to register a business in Laos was launched on Wednesday, expected to assist investors by simplifying the process. With onerous bureaucracy long considered the biggest obstacle to investment in the country, the Inventory Business Licenses Website allows users to search various industries and find out how to begin the registration […]
Read MorePrivate sector representatives urged the government to focus on making the country more attractive to investments as the Marcos administration formally launched its 2023-2028 Philippine Development Plan (PDP). “I used to say it’s not enough for us to be in the radar but we really have to provide the runway lights for them for… investments […]
Read MoreFOR the third consecutive quarter, Singapore manufacturers remain negative about business conditions in the next six months, while positive sentiment in the services sector has moderated, according to separate quarterly surveys on Tuesday (Jan 31). A net weighted balance of 25 per cent of manufacturers expect a less favourable business situation from January to June 2023, […]
Read MoreJAKARTA: Indonesia plans to offer 10 oil and gas working areas this year, including a block in the South China Sea, amid efforts to boost energy production and make new discoveries, a senior energy ministry official said on Monday. In 2022, Indonesia auctioned 13 oil and gas fields and has appointed contractors for six of them. […]
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