World Bank
Thailand’s tourism unlikely to recover until after 2024
Thailand is fully reopening the country on July 1, dropping all Covid-19 entry regulations which have been imposed for many months and were perceived...
Myanmar’s economy in chaos, outlook impossible: World Bank
The economy of Myanmar has fallen in turmoil so drastically since the military coup on February 1, 2021 that the World Bank said it...
Cambodian NGOs slam World Bank division for “microfinance abuses”
The International Finance Corporation (IFC), the World Bank’s private development lending division, is faced with a complaint by two Cambodian non-governmental organisations (NGOs) for...
Wind power could cover one fifth of Philippines’ power demand: World Bank
The Philippines has the potential to install 21 gigawatt of offshore wind power by 2040, equivalent to about a fifth of its electricity demand...
Myanmar’s economic outlook remains bleak after one year of renewed military rule
The World Bank is maintaining a bleak outlook for Myanmar from the double whammy of the military coup on February 1, 2021 and the...
Vietnam’s economy seen to grow 5.5% this year in case pandemic subsides
Vietnam’s economic recovery is likely to accelerate in 2022 as gross domestic product (GDP) growth is expected to rise to 5.5 per cent from...
In Thailand, 15 million or over a fifth of the population now need state welfare
The number of people in Thailand who need state welfare is expected to increase to 15 million next year from the current level of...
World Bank report on Thai education reveals unflattering results
Around 60 per cent of Thai students failed to meet the minimum proficiency level in reading, according to the latest PISA...
Cambodia facing drastic rise in poverty amid pandemic
Slum at the outskirts of Phnom Penh © Arno Maierbrugger
The poverty rate in Cambodia is expected to...
Asia-Pacific economies hit hard by coronavirus pandemic
The World Bank's East Asia and Pacific Economic Update, April 2020, illustrates the damage done by the coronavirus on Southeast Asia's...
Thailand only Southeast Asian country with rising poverty rate: World Bank
The number of people living in poverty in Thailand climbed considerably between 2015 and 2018 by almost...
Forest fires cost Indonesia more than $5billion in losses this year
Indonesia suffered damages and economic loss from this year’s forest fires of at least $5.2 billion, the...
Ease of doing business: Philippines shines, Brunei drops most in Southeast Asia
The new Doing Business Report 2020 issued by the World Bank, which measures 190 global economies on...
Myanmar lauded for easing business environment
Custom House along Strand Road in Yangon, a well-preserved British colonial building still fulfilling its original function © Arno Maierbrugger
Malaysia on track to become high-income nation: World Bank
Malaysia remains on course to become a high-income nation by 2024, the World Bank has reaffirmed its...
North Korea could follow Vietnam’s “doi moi” example
As Vietnam’s capital Hanoi prepares to host the second US-North Korea summit later this month, experts say North Korea may be gearing up to...
Bangkok smog to cause economic damage of over $200 million
The current severe air pollution crisis in Thailand’s capital Bangkok is expected to cost the country up to 6.6 billion baht ($207.8 million) in...
Cambodia’s economic growth to reach 7.3% this year
Cambodia’s economy is expected to grow by 7.3 per cent this year, spurred by the robust performance of garment exports, tourism and construction, deputy...
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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...