Malaysia attracts RM264.6 bln approved investments in 2022, second largest ever recorded
KUALA LUMPUR, March 8 — Malaysia’s approved investments amounted to RM264.6 billion in 2022, with the services sector accounting for the largest share of the...
US nominee to head World Bank, Ajay Banga, to visit China, other countries
WASHINGTON, March 3 — US President Joe Biden’s nominee to lead the World Bank, ex-Mastercard Chief Executive Officer Ajay Banga, said he plans to travel...
World Bank announces US$1.78 bln in aid for Turkiye after devastating earthquakes
WASHINGTON, Feb 10 — The World Bank has announced US$1.7 billion in new assistance for Turkiye to help the country recover from the recent devastating...
Malaysia’s 2023 headline consumer price inflation expected to moderate — World Bank
KUALA LUMPUR, Feb 3 — Malaysia’s headline consumer price inflation is expected to moderate to between 2.5 and 3.0 per cent in 2023, compared to...
Malaysia’s economy to grow at moderate pace of 4.0 pct this year — World Bank
KUALA LUMPUR, Feb 3 — Malaysia’s economy is projected to grow at a more moderate pace of 4.0 per cent this year, with domestic private...
World Bank seeks more funds to address climate change, other crises — Document
WASHINGTON, Jan 3 — The World Bank is seeking to vastly expand its lending capacity to address climate change and other global crises and will...
Govts should review policies which are not aligned with sustainable goals
KUALA LUMPUR, Nov 30 — Governments need to review policies that are incompatible with sustainability goals to ensure that their sustainability endeavours are done right,...
World Bank chief says global economy “dangerously close” to a recession
WASHINGTON, Oct 14 — The global economy is “dangerously close” to a recession, as inflation remains elevated, interest rates rise, and growing debt burden hits...
Risk of global recession rising: World Bank, IMF chiefs
ANKARA, Oct 11 — The World Bank and IMF chiefs said Monday that the risk of recession in the global economy is growing due to...
World Bank downgrades growth for developing East Asia and Pacific to 3.2 pct in 2022
WASHINGTON, Sept 27 — The developing East Asia and Pacific countries are projected to grow by 3.2 per cent this year, the World Bank said...
Malaysia needs to focus on strong fundamentals, pursue fiscal reforms — World Bank
KUALA LUMPUR, Sept 27 — Malaysia needs to continue to focus on its strong fundamentals and pursue fiscal reforms to keep the economy competitive and...
World Bank forecasts Thai GDP growth at 3.1 per cent this year
BANGKOK, Sept 27 — Thailand’s economy is expected to grow 3.1 per cent this year, higher than a forecast in June of 2.9 per cent,...