World Bank

Floods compound Philippine growth woes from public-works scandal

2026-09-08T02:32:53.000Z
(From left) ICSID’s legal counsel Carlos Molina Esteban,  legal counsel Yuichiro Omori, secretary-general Martina Polasek, Minister for Law and Second Minister for Home Affairs Edwin Tong, ICSID chief counsel Frauke Nitschke and senior legal counsel Jonathan Chevry.

World Bank investment dispute centre opens first overseas office in Singapore

2026-08-26T13:39:36.000Z
The income upgrade has rendered the Philippines “too wealthy” to qualify for the concessional foreign aid and development loans.

Philippines’ income upgrade hides grim reality for most Filipinos

2026-07-13T03:27:07.000Z
One of Asia’s fastest-growing economies, Vietnam is targeting annual double-digit growth in 2026.

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

2026-07-02T05:28:14.000Z
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.

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

2026-06-30T07:36:14.000Z
Vessels anchored in the Strait of Hormuz as seen from Musandam, Oman, June 8, 2026.

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

2026-06-11T14:00:23.000Z
The forecast by the World Bank is lower than Indonesia’s growth projections of 5.4 per cent to 6 per cent.

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

2026-06-11T08:45:40.000Z
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.

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

2026-06-09T23:00:00.000Z
Singapore implemented a carbon tax in 2019, and has developed an ecosystem of carbon-market players, service providers and exchanges.

Singapore and World Bank team up to launch carbon markets programme

2026-05-20T08:44:00.000Z
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.

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

2026-04-28T14:32:07.000Z