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World Bank

Inequality in Indonesia rose to record high

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Inequality in Indonesia has reached historical high, a World Bank report released in Jakarta on December 8 revealed. The country's Gini coefficient, which measures...
South Asia has world’s lowest financial literacy

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A new report released by ratings agency Standard & Poor’s and the World Bank, Standard and Poor’s Ratings Services Global Financial Literary Survey, shows...
Poverty rates in East Asia declining steadily

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The World Bank in the latest of its half-yearly East Asia and Pacific Economic Update reports released in October documents a rapid decline in...
World Bank trims East Asia growth forecast, Thailand’s worst

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The World Bank cut its 2015 and 2016 growth forecasts for developing East Asia and Pacific (EAP), saying the outlook was clouded by the...
Myanmar kyat plunges to new lows

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The general strength of the US dollar and poorly managed currency control by the Myanmar central bank has led to another plunge of the...
Water management beefed up in Thailand’s dry season

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During the hottest and driest season of the year, the massive Chao Phraya dam in central Thailand, one of the largest dams in Southeast...
oil-38-326x1591

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Net oil exporter Malaysia and commodity-rich Indonesia are the two nations to suffer most from low oil prices, while Japan will likely have the...
Laos announces population census

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Laos is to carry out a countrywide census, state-run media said on October 21. "People will be interviewed in regards to their profession, marital status,...
Revised growth forecast for Thailand lowest in Southeast Asia

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The World Bank has revised down its economic growth forecast for Thailand to 1.5 per cent, the lowest in Southeast Asia, from 3 per...
Hydropower to boost listings on Lao stock exchange

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Foreign investors keen to invest in up to planned 100 hydropower plants in Laos are the main target for newly listed shares on the...
Filipino luxury retailer confident as it prepares IPO

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SSI Group Inc., the Philippine retailer of Hermes shoes and Gucci handbags, said rising incomes will accelerate profit growth this year as it prepares...
Cambodia’s GDP per capita to hit $1,130 in 2014, says prime minister

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Cambodia's GDP per capita is expected to reach $1,130 this year, an estimated increase of 8 per cent from $1,043 last year, Prime Minister...
Myanmar could get first credit rating

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Myanmar is in early-stage talks to get its first credit rating, people familiar with the matter said, paving the way for an eventual debut...
World Bank approves $500m loan for Vietnam’s electrical grid

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The World Bank has approved a loan of $500 million to the Vietnamese government to improve the capacity and efficiency of electrical transmission to...
Vietnam urged to relax restrictions on foreign property investment

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Singapore developers and investors are urging Vietnam to open up its real estate sector more to foreign investment, but there is still some resistance...
Vietnam needs $500b for infrastructure in 10 years, says ministry

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Vietnam needs $500 billion for its infrastructure development in the next 10 years, a senior official at the Ministry of Planning and Investment has...
Internet in the Philippines slowest in ASEAN

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The Philippines has the slowest average Internet broadband speed in the Association of Southeast Asian Nations (ASEAN), according to the crowd-sourced Net Index rankings...
Thailand to help launch investment bank for Asia

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Thailand has been invited by China to become one of the founding fathers of the Asian Infrastructure Investment Bank (AIIB), which is supported by...