World Bank Group
RedDoorz to open more than 100 budget hotels in the Philippines
Singapore-based startup RedDoorz, an online booking platform for budget hotels, on June 20 announced it would expand to the Philippines, its third country in...
World Bank, IFC commit $4.2 billion to Philippines
The World Bank said on July 15 that it and its private sector arm have committed concessional loans of up to $4.2 billion to...
World Bank to invest $2 billion in Myanmar
On his first visit to Myanmar, World Bank President Jim Yong Kim on January 26 announced that the World Bank Group plans to invest...
World Bank offers $500m loan to Philippines
The World Bank has offered the Philippines a $500-million emergency loan to help it construct buildings able to withstand high winds and severe flooding...
World Bank provides $20m to ease poverty in Laos
The Lao government and the World Bank on October 10 signed a financing agreement over $20 million for the Ninth Poverty Reduction Support Operation...
Laos’ Acleda bank starts SME lending initiative
Acleda Bank Lao Limited, the largest bank in Laos by assets, has launched an initiative to expand its lending to micro, small and medium...
Increased attention to Myanmar’s energy sector
The development of Myanmar’s energy sector will be financed by public and private sector investment, for which the World Bank has promised support.
by Ju...
Singapore best ASEAN tax destination
Singapore was ranked 5th out of 185 economes in terms of ease in paying taxes, according to the "Paying Taxes 2013" report compiled by...
IFC steps up Philippines investment
The private financing arm of the World Bank, International Finance Corporation (IFC), will invest up to $400 million in the Philippines in 2013, doubling...
World Bank bullish about Southeast Asia
The World Bank is projecting optimistic growth rates for ASEAN-5 countries in its latest report "East Asia and Pacific Economic Data Monitor". Due to...
World Bank opens office in Yangon
The World Bank has opened up a new country office in Yangon, the commercial capital of Myanmar. The international financial institution will prepare a...
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Thailand, Singapore most vulnerable to potential US recession
Southeast Asia could be seriously affected in case the US falls into recession, but some countries would be more badly hit than others, economists...