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  • November 24, 2014
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  1. Business - Economy - GLOBAL ECONOMY

    World Bank raises forecast for global economic growth to 3.2 per cent in 2014

    Posted Jan 15th 2014, 01:23pm by Bloomberg

    ... Bloomberg in Washington World Bank report indicates a near-doubling of growth in world trade this year as developed economies lift export-reliant emerging nations Austerity makes way for recovery in global trade The World Bank has raised its global growth forecasts as the easing of austerity policies in advanced economies supports their recovery, boosting prospects for developing ...

  2. News - World - WORLD BANK

    World Bank cuts US$400m off budget amid sweeping revamp

    Posted Oct 09th 2013, 12:00am by Reuters

    ... Reuters in Washington World Bank cuts US$400m off budget The World Bank plans to cut US$400 million from its budget as part of a sweeping reorganisation to make it more efficient and responsive. The savings are part of the bank's first major strategic realignment in 17 years. The figure will be presented to the World Bank's member countries later this week during its ...

  3. Business - Economy

    World Bank sees slower growth in China, East Asia

    Posted Oct 07th 2013, 12:45pm by Reuters

    ... Reuters in Singapore Forecasts trimmed due to economic shift on mainland and weaker commodity prices World Bank sees slower growth in China, East Asia The World Bank yesterday lowered its ... on domestic demand," the World Bank said in its "East Asia Pacific Economic Update" report. "Growth in larger middle-income countries, including Indonesia, Malaysia and Thailand, ...

  4. Business - Banking & Finance - CORRUPTION

    World Bank blacklist over graft soars

    Posted Sep 16th 2013, 12:00am by Toh Han Shih

    ... Toh Han Shih hansihih.toh@scmp.com Lender bars more than 250 entities this year, 4 times more than last year World Bank blacklist over graft soars The number of companies and people banned by the World Bank for corruption or fraud has soared this year, and the lender warns it will step up its actions against firms for such wrongdoings. The biggest culprits were firms in Canada ...

  5. News - World

    Rights watchdog slams World Bank for inadequate human rights standards

    Posted Jul 23rd 2013, 01:16pm

    ... Audrey Yoo audrey.yoo@scmp.com The World Bank funds programmes that worsen or contribute to human rights abuses, New York-based Human Rights Watch said in a report published on Monday. “The World Bank pays tens of billions of dollars every year to support development efforts around the world,” said Jessica Evans, senior advocate on international financial institutions ...

  6. News - World - CLIMATE CHANGE

    World Bank to insist projects it funds include steps to curb air pollution

    Posted Sep 05th 2013, 12:00am by Reuters

    ... Reuters in Oslo, Norway Planned 'aggressive action' will see funding for projects tied to efforts to curb air pollution World Bank to help poor nations cut emissions The World ... it [the funding] into aggressive action" to cut the pollutants, Rachel Kyte, vice-president of sustainable development at the World Bank, said on the sidelines of a meeting of a 38-nation ...

  7. Business - China Business - ENERGY

    State-owned green firm gets World Bank ban

    Posted Jul 03rd 2013, 12:00am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com The CECEP subsidiary is shut out of contract work for two years after admitting misconduct State-owned green firm gets World Bank ban The World Bank has ... is a subsidiary of China Energy Conservation and Environmental Protection Group (CECEP). The ban followed the company's acknowledgment of fraudulent misconduct in the World Bank-financed Shandong ...

  8. Business - Banking & Finance

    No more rankings, panel tells World Bank

    Posted Jun 25th 2013, 12:00am by Reuters

    ... Reuters in London No more rankings, panel tells World Bank An independent panel set up by the World Bank to look at the validity of one of its highest-profile country reports said ... the country's ranking to 20th by 2018 from the current 120th place. While the US supported the rankings, China had pushed for getting rid of them, sources said, arguing that the World Bank should ...

  9. News - Asia - MYANMAR

    World Bank grants US$245m in aid for Myanmar

    Posted Nov 02nd 2012, 03:25pm by Reuters in Washington

    ... Reuters in Washington The World Bank on Friday earmarked US$245 million in credit and grant funding for Myanmar under an 18-month work plan, the first lending to the southeast Asian nation in 25 years and another sign the country is opening up after years of military rule. The interim country strategy, endorsed by the World Bank board at a meeting in Washington, will guide ...

  10. Property - Hong Kong & China

    Real estate rules making life harder for Hong Kong businesses

    Posted Oct 29th 2013, 04:08pm by JOANNA CHIU

    ... Hong Kong is second only to Singapore as the world’s best place to run a business, but the city’s high ranking obscures its “glaring” problems with real estate regulations, the World Bank ... entrepreneurs,” said Jiang Nan, co-author of the 2014 edition of the Doing Business report, published since 2003 by the World Bank and IFC. The yearly rankings score 189 economies on 10 indicators, ...




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