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Foreign bank challenge in Philippines

Written by Lian Jye Located in Zamboanga City in Mindanao, Al Amanah Islamic Investment Bank is one of the world's earliest Islamic financial institutions. However, the bank has been struggling due to lack of scale and Islamic expertise. After posing record high loss of PHP 124 million in 2008, the bank

World Bank stimulus creates jobs in Vietnam

Written by David Pingree The World Bank and the Vietnamese government have launched a one-year joint study that will ultimately create a plan for long-term sustainable growth and modernization. After the study, analysts will recommend reforms that will aim to create more social, political and social opportunities for Vietnamese citizens while encouraging

Myanmar funding its banking sector

Written by Andrea De Grazia Myanmar's Government is continuously gearing towards improving the financial sector in the country by allowing foreign banks to re-enter the country after years of military rule. By September, the Central Bank of Myanmar (CBM) is expected to grant licenses to a number of foreign banks. Although the