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World Bank Group

RedDoorz to open more than 100 budget hotels in the Philippines

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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

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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

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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

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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

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The Lao government and the World Bank on October 10 signed a financing agreement over $20 million for the Ninth Poverty Reduction Support Operation...

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Acleda Bank Lao Limited, the largest bank in Laos by assets, has launched an initiative to expand its lending to micro, small and medium...

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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...

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Singapore was ranked 5th out of 185 economes in terms of ease in paying taxes, according to the "Paying Taxes 2013" report compiled by...

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The private financing arm of the World Bank, International Finance Corporation (IFC), will invest up to $400 million in the Philippines in 2013, doubling...

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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...

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The World Bank has opened up a new country office in Yangon, the commercial capital of Myanmar. The international financial institution will prepare a...