World Bank

Retail Asia06/04/2022

The World Bank has cut its growth forecast for Vietnam this year to 5.3 percent, due to surging Covid-19 infection in Q1 and economic slowdown in its major export markets. This has been the second time the bank lowers its 2022 projection for the country. Last October it had expected a growth rate of 6.5 […]

Retail Asia29/03/2019

Vietnam’s power prices went up 8.36 percent Wednesday after remaining unchanged for two years. A senior official of the Ministry of Industry and Trade told that prices have gone up from VND1,720 (7.4 cents) per kWh to VND1,864 (8 cents), exclusive of VAT. The ministry had said earlier this month that the Prime Minister had […]

Retail Asia23/01/2019

With a 2019 GDP growth of 6.9 percent, Vietnam will remain one of the fastest growing economies in Asia. “We remain positive on Vietnam’s medium-term growth on strong manufacturing activity as FDI inflows to electronics manufacturing remain strong,” says economist Chidu Narayanan of Standard Chartered Bank. According to a report recently issued by the bank, […]

Retail Asia10/01/2019

The growth of the global economy is expected to slow to 2.9% in 2019 compared with 3% in 2018, the World Bank said on Tuesday, citing elevated trade tensions and international trade moderation. “At the beginning of 2018 the global economy was firing on all cylinders, but it lost speed during the year and the […]

Retail Asia19/12/2018

The World Bank has again revised downward its projection for Malaysia’s 2018 gross domestic product (GDP) growth to 4.7% from 4.9% after taking into account factors such the rigorous rationalisation of expenditure by the government and slowdown in private and public investment. It last cut the country’s GDP growth forecast in October, to 4.9% from […]

Retail Asia11/06/2018

Vietnam’s economy might expand by 6.8 percent this year, the World Bank (WB) says in a new report, revising upwards its previous forecast of 6.5 percent in April. It estimates GDP at 6.6 percent in 2019 and 6.5 percent in 2020. The bank explained its upward revision on better prospects for the expansion of agriculture […]

Retail Asia08/06/2018

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The World Bank has cut its growth forecast for the Indonesian economy for this year to 5.2 percent from the 5.3 percent projected in March, amid volatile global financial conditions that have forced the central bank to tighten monetary policy. The Central Statistics Agency (BPS) said the Indonesian economy grew 5.06 percent year-on-year in the first quarter, […]

Retail Asia06/11/2016

The Executive Board of the World Bank has approved a US$400 million Development Policy Loan for the Indonesias Logistics Reform, which will be used to improve the countrys logistics system and connectivity. “These reforms will help Indonesia in achieving higher inclusive growth,” World Banks Country Director in Indonesia Rodrigo Chaves said in a statement received […]

Retail Asia14/04/2016

Increasing its financing exposure in Myanmar, the International Finance Corporation – the private lending arm of the World Bank – is extending a $21-million debt facility to four to six microfinance institutions in the frontier country. IFC will extend from $3 million to $6 million financing to each selected MFI as a kyat-denominated loan. The move will […]

Retail Asia29/01/2016

Southeast Asia payments company 2C2P of Singapore, with its Burmese founder and CEO Aung Kyaw Moe, has taken a step to modernise Myanmar’s economy with the country’s first co-branded debit card so its citizens can shop with international merchants. The new UnionPay and Myanmar Payments Union (MPU) co-branded debit card is being introduced along with […]

Tag: World Bank

World Bank lowers Vietnam growth forecast to 5.3 pct

Vietnam electricity prices go up again after two years

Vietnam to remain a fast growing Asian economy

World Bank sees slower global economic growth of 2.9% this year

World Bank cuts Malaysia’s 2018 GDP growth forecast again

World Bank raises 2018 growth forecast for Vietnam

World Bank Cuts 2018 Growth Forecast for Indonesia

World Bank approves loan for Indonesia`s logistics sector

IFC to extend $21m debt to half a dozen MFIs in Myanmar

2C2P helps Myanmar revolution