Thailand to adopt global minimum tax from early 2025

Thailand to adopt global minimum tax from early 2025

Thailand will implement a global minimum corporate tax of 15% on multinational enterprises from January 1, 2025, the country’s finance ministry said on December 27.
Indonesia promotes direct durian export to China
Indonesia promotes direct durian export to China
As durian demand in China could reach 8 billion USD, Indonesia is undertaking durian export to China, a process that the government started a while...
Bangladesh to strengthen economic management and governance
Bangladesh to strengthen economic management and governance
(CPV) - The Asian Development Bank (ADB) will provide a $600 million policy-based loan (PBL) to the Government of Bangladesh, with a package of...
Philippine President urges residents to evacuate after Mt Kanlaon eruption
Philippine President urges residents to evacuate after Mt Kanlaon eruption
Philippine President Ferdinand Marcos Jr. on December 13 urged residents affected by the eruption of Kanlaon Volcano in the central part of the...
British PM Theresa May to visit US
British PM Theresa May to visit US

British Prime Minister Theresa May's office on January 5th announced that she would visit President-elect Donald Trump, following his inauguration as US President.

China promotes relations with ASEAN in 2017
China promotes relations with ASEAN in 2017

Spokesperson of China’s Ministry of Foreign Affairs Geng Shuang affirmed on January 4th that China always regards the Association of Southeast Asia Nations (ASEAN) as a priority in its diplomatic policy.

Myanmar s national political dialogues open
Myanmar's national political dialogues open

Myanmar's first regional national political dialogues between the government, armed groups and political parties began in the southernmost region of Tanintharyi on January 5th, according to an official of the Joint Ceasefire Monitoring Committee (JMC).

ADB sells USD1 billion 10-year global benchmark bonds
ADB sells USD1 billion 10-year global benchmark bonds

(CPV) - ADB returned to the US dollar bond market with the pricing of a dual-tranche USD3 billion 3-year and USD1 billion 10-year global benchmark bond issues, proceeds of which will be part of ADB’s ordinary capital resources.

7 2 magnitude earthquake hits Fiji
7.2 magnitude earthquake hits Fiji

An earthquake registering 7.2 on the Richter scale struck 284 kilometres off the coast of Fiji at 10.52 am local time on January 3rd, the U.S. Geological Survey said.

Thailand boosts border trade
Thailand boosts border trade

Border trade of Thailand is expected to increase at least 3 percent in 2017 because of the stable growth of Cambodia, Laos, Myanmar and Vietnam, along with the popularity of Thai products in those markets, said the Ministry of Commerce.

Indonesia boat sinking kills at least four
Indonesia: boat sinking kills at least four

At least four people lost their lives and dozens are reported missing after a boat carrying nearly 100 passengers, including 10 children, was sunken in waters off the Indonesian eastern province of Maluku on December 29th.

Landslide kills at least 20 in Myanmar
Landslide kills at least 20 in Myanmar

At least 20 miners were killed and two others injured due to a recent landslide in Phakhant town, Myanmar’s northern state of Kachin, according to the country’s Ministry of Information on December 29th.

First key section of Melamchi Water Tunnel completed
First key section of Melamchi Water Tunnel completed

(CPV) - ADB and the Government of Nepal celebrated the breakthrough of the first key section of the Melamchi Tunnel on December 28th 2016. When completed, the Melamchi Tunnel will carry to Nepal’s thirsty Kathmandu Valley 170 million liters of water per day from the Melamchi River and another 340 million liters of water from the Yangri and Larke Rivers by 2021.