Sat, 11 Aug 2018 06:34
World Bank to issue world's first blockchain bond
The World Bank is taking a step into the brave new world of digital finance to sell the first-ever bond to be issued entirely using blockchain technology, the bank announced Friday.
Tue, 07 Aug 2018 01:00
Philippines must beware those loans from China
In order to finance its ambitious “Build, build, build” programme, the Rodrigo Duterte administration would need the infusion of massive foreign loans. In the past, the Philippines depended on the World Bank, the International Monetary Fund and other Western financial institutions. Now, the main source of loans is China.
Thu, 12 Jul 2018 19:32
Myanmar discusses growth with World Bank
At a high-level gathering today (July 12), Myanmar's government and World Bank representatives discussed Nay Pyi Taw's commitment to an ambitious reform agenda to advance inclusive and sustained growth.
Tue, 03 Jul 2018 01:00
Asean urged to champion free trade
ASEAN and the broader East Asian region could play a leading role in promoting freer trade and investment flows amid a rising tide of protectionism, the chief of the UN’s trade and development arm said.
Thu, 21 Jun 2018 01:00
Be prepared, global economic growth will soon reach its peak
RECENTLY, the World Bank issued its June 2018 Global Economic Prospects with a somewhat “scary” title: “The Turning of the Tide?” As global economy experiencing several upswing factors, it finally got out of the economic rut. In order not to return back to the rut, we must quickly surpass numerous looming headwinds before we are swept into the rut again.
Sat, 16 Jun 2018 01:00
WB backs Vietnam’s ’robust’ economic progress
VIETNAM’S economy is forecast to continue improving, with gross domestic product (GDP) expected to expand by 6.8 per cent this year, said the World Bank (WB) in its latest economic update for Vietnam.
Tue, 12 Jun 2018 01:00
Tourism seen spurring infra, boosting livelihoods
THE tourism industry will serve as a key driver for Asean countries to increase their investments in infrastructure and improve the living standards of people within the region, said Wouter Schalken, senior tourism specialist of the World Bank Group.
Thu, 07 Jun 2018 01:00
WB raises Thai growth forecast to 4.1 per cent
THE WORLD Bank (WB) has revised up Thailand’s economy growth this year to 4.1 per cent from its previous estimate of 3.6 per cent given the country’s robust performance.
Wed, 06 Jun 2018 13:03
Global economy to expand by 3.1% in 2018, says World Bank
Despite recent softening, global economic growth will remain robust at 3.1 per cent in 2018 before slowing gradually over the next two years, as advanced-economy growth decelerates and the recovery in major commodity-exporting emerging market and developing economies levels off, the World Bank said on Tuesday.
Thu, 31 May 2018 19:52
World Bank study blasts gender pay gap
The world is losing US$160 trillion in wealth because of differences in earnings between women and men, amounting to US$23,620 for each person in the 141 countries studied by the World Bank Group.
Sat, 19 May 2018 01:00
Myanmar poised for economic improvement amid uncertainty, says World Bank
GIVEN THE government’s efforts to accelerate reforms and to modernise the financial sector, Myanmar’s economy is projected to increase to 6.7 per cent next year, according to Ellen Goldstein, World Bank director for Myanmar, Cambodia, and Laos.
Thu, 17 May 2018 01:30
World Bank report urges Thailand to revisit migrant worker policies to pursue 4.0 growth strategy
THAILAND is home to more than 55 per cent of the region’s migrant workers but if the country could back it up with proper policies, it could contribute to economic growth under the much-talked-about Thailand 4.0 strategy, according to a World Bank report.
Mon, 14 May 2018 01:00
Cambodia to grow only slighly more than in 2017
THE CAMBODIAN economic growth is projected to accelerate slightly to 6.9 per cent in 2018, compared with 6.8 per cent in 2017, buoyed by a rebound in textile and apparel exports as well as tourism and agriculture, according to a new World Bank report.
Wed, 02 May 2018 01:00
World Bank backs Lao agriculture project
THE World Bank has approved an assistance project to help Laos upgrade its agricultural productivity and produce crops for commercial purposes.
Fri, 13 Apr 2018 01:00
World Bank sees 6.3% growth for emerging East Asia this year
GROWTH IN developing East Asia and the Pacific (EAP) is expected to remain strong and reach 6.3 per cent in 2018, according to a World Bank report on the region.