The Business Times
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World Bank

Global Enterprise

World Bank raises Vietnam, Philippines to upper-middle income status

World Bank President Ajay Banga has shifted his focus to “smart development,” which aims to boost job opportunities while still providing climate-related benefits such as drought-resistant agriculture or storm-resistant infrastructure and renewable energy.
International

World Bank to abandon goal to devote 45% of lending resources to climate change projects

Vessels anchored in the Strait of Hormuz as seen from Musandam, Oman, June 8, 2026.
Global Enterprise

World Bank cuts global growth outlook to 2.5%, warns of drop to 1.3% if war fallout spreads to markets

The forecast by the World Bank is lower than Indonesia’s growth projections of 5.4 per cent to 6 per cent.
Asean Business

World Bank says Indonesia’s GDP to slow to 5% in 2026 as fiscal pressures rise

An OECD report indicates that the production of solar photovoltaic panels, semiconductors, aluminium, steel and shipbuilding were the top five recipients of subsidies, across 15 sectors.
Opinion & Features

Once deemed a costly failure, industrial policy is making a return – led by China

Singapore implemented a carbon tax in 2019, and has developed an ecosystem of carbon-market players, service providers and exchanges.
Singapore

Singapore and World Bank team up to launch carbon markets programme

The World Bank said inflation in developing economies was now projected to average 5.1 per cent in 2026, under the baseline scenario, up from 4.7 per cent last year.
Energy & Commodities

World Bank forecasts 24% surge in energy prices in 2026 due to Middle East war

World Bank chief Ajay Banga says that if the Gulf conflict lasts longer and greater needs emerge, the bank will have to turn to its balance sheet and headroom for additional funding.
International

World Bank could provide up to US$100 billion for countries hit by war

IMF Managing Director Kristalina Georgieva was speaking on the sidelines of the spring meetings of the IMF and World Bank in Washington.
International

IMF, World Bank and IEA aim to have calls every two weeks to assess war’s impact

More than 80 oil and gas facilities across the Middle East have been damaged to date, said IMF chief Faith Birol.
Energy & Commodities

IMF, World Bank, IEA urge countries to stop hoarding energy supplies, imposing export controls

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