KUALA LUMPUR, June 10 — The latest upgrade in global economic growth for this year bodes well for Malaysia and is set to contribute positively to the country’s trade performance, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

WASHINGTON, April 28 — Global commodity prices are likely to see the sharpest slump this year since the beginning of the pandemic, but food prices will still remain near record highs, reported Sputnik quoting the World Bank on Thursday.

ISTANBUL, April 25 — Domestic food price inflation remains high around the world, the World Bank said on Monday (April 24) in a report on rising food insecurity, reported Anadolu.

WASHINGTON, April 10 — China and India are the 'two exceptions to the slowdown' which the global economy is expected to experience this year, World Bank Group President David Malpass has said, reported Xinhua.

ISTANBUL, April 11 — The International Monetary Fund (IMF) and the World Bank Group's 2023 Spring Meetings began Monday (April 10), facing global challenges stemming from high inflation and slower economic growth.

WASHINGTON, April 5 — Economic growth and creating jobs for young people are two of the World Bank’s major concerns for the coming year, World Bank President David Malpass said on Tuesday.

ISTANBUL, March 28 — The World Bank said Monday it expects global economic growth to fall to its lowest level in three decades by the end of 2030, calling the period from now until then the "lost decade." "The global economy’s 'speed limit'—the maximum long-term rate at which it can grow without...

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 pie, followed by the manufacturing and primary sectors.

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 to Europe, Asia, Africa and potentially Latin America in coming weeks to hear from donor countries and borrowers on challenges facing the global institution.

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 earthquakes and aftershocks, according to a statement released on Thursday.

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 3.3 per cent estimated for 2022, mainly driven by the easing of global supply constraints and stabilising of commodity prices.

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 sector spending is expected to be the main driver of growth amid an expected slowdown in external demand.

WASHINGTON, Jan 3 — The World Bank is seeking to vastly expand its lending capacity to address climate change and other global crises and will negotiate with shareholders ahead of April meetings on proposals that include a capital increase and new lending tools, according to an "evolution roadmap" seen by Reuters on Monday.

KUALA LUMPUR, Nov 30 — Governments need to review policies that are incompatible with sustainability goals to ensure that their sustainability endeavours are done right, said World Bank country director for the Philippines, Malaysia, Thailand and Brunei, Dr Ndiame Diop.

WASHINGTON, Oct 14 — The global economy is "dangerously close" to a recession, as inflation remains elevated, interest rates rise, and growing debt burden hits the developing world, World Bank President David Malpass said Thursday.

ANKARA, Oct 11 — The World Bank and IMF chiefs said Monday that the risk of recession in the global economy is growing due to rising interest rates and slowing economies around the world, reported Anadolu.

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 Monday.

KUALA LUMPUR, Sept 27 — Malaysia needs to continue to focus on its strong fundamentals and pursue fiscal reforms to keep the economy competitive and support the ringgit against the surging US dollar, the World Bank said.

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, supported by private consumption and exports, the World Bank said on Tuesday.

KUALA LUMPUR, Sept 27 — The World Bank has revised upward its gross domestic product (GDP) growth forecast for Malaysia to 6.4 per cent in 2022 against 5.5 per cent projected earlier on the back of heightened economic activity in the first half of the year (1H22).