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...
Wing flap fault caused Tu-154 crash
Wing flap fault caused Tu-154 crash

Russian investigators said that they believed a fault with the wing flaps was the reason the Tu-154 plane belonging the Defence Ministry plunged into the Black Sea.

Pop superstar George Michael dies at 53
Pop superstar George Michael dies at 53

Pop superstar George Michael, writer of the hit song “Last Christmas”, has died at his home in Oxfordshire aged 53 from suspected heart failure.

Magnitude 7 7 earthquake hits off Chilean coast
Magnitude 7.7 earthquake hits off Chilean coast

On December 25th, an earthquake measuring 7.7 earthquake on the Richter scale occurred off the coast of southern Chile, 40 km southwest of Puerto Quellon, according to the US Geological Survey.

Russian military plane crashes near Sochi
Russian military plane crashes near Sochi

On December 25th, a Russian military plane carrying 92 people, including 84 passengers and eight crew members, crashed in the Black Sea near Sochi, Russia.

Indonesia marks 12th anniversary of tsunami
Indonesia marks 12th anniversary of tsunami

Thousands of Indonesians on December 26th prayed for their loved ones at mass graves and mosques to mark a tsunami which devastated Aceh province 12 years ago, one of the worst natural disasters in human history.

Myanmar over 10,000 locals return home after fighting in the north
Myanmar: over 10,000 locals return home after fighting in the north

A total of 10,248 residents from about 200 villages in Mong Koe town, northern Shan State in Myanmar, who had to evacuated from their homes due to armed clashes late November this year, have returned home after the situation was stabilised, according to local media.

PM urges Laos to monitor impacts of hydropower plants
PM urges Laos to monitor impacts of hydropower plants

Prime Minister Nguyen Xuan Phuc has proposed the Lao National Mekong Committee continue working with Vietnam to monitor and examine practical impacts of hydropower plants on the trans-boundary river and protect its environment.

Cambodia to host International Tourism Fair 2017
Cambodia to host International Tourism Fair 2017

Cambodia will host an international tourism fair for the first time at Koh Pich (Diamond Island) Convention and Exhibition Centre, downtown of Phnom Penh capital next year, 2017.

Putin’s annual press conference opens
Putin’s annual press conference opens

Over 1,400 journalists have received accreditation to attend the annual news conference of Russian President Vladimir Putin on December 23rd, the Kremlin's press service said.

Kazakhstan develops Karaganda Teaching Hospital by PPP
Kazakhstan develops Karaganda Teaching Hospital by PPP

(CPV) - ADB has signed a transaction advisory services agreement with the Ministry of Health and Social Development of the Republic of Kazakhstan to develop a bankable public-private partnership (PPP) structure for the Karaganda University Hospital project.

Projects signed to promote gender equality
Projects signed to promote gender equality

(CPV) - ADB and the Government of Mongolia signed three grant agreements on December 22nd 2016 totaling USD4.8 million for projects to promote gender equality, provide affordable sanitation for low-income communities in the capital, and build sustainable tourism in Mongolia’s northern region at Khuvsgul Lake National Park.

Bolivia says airline, pilot responsible for plane crash
Bolivia says airline, pilot responsible for plane crash

A Bolivian government investigation into the plane crash that killed dozens of Brazilian soccer players last month concluded that a Bolivian airline and pilot were directly responsible, Public Works Minister Milton Claros said on December 21st.

China develops financing capacity on building energy efficiency
China develops financing capacity on building energy efficiency

(CPV) - ADB held a training and capacity building workshop in Shanghai on December 20th 2016 for Shanghai Pudong Development Bank (SPDB) officials in facilitating their capacity to efficiently address the increasing demand for energy saving buildings in the People’s Republic of China (PRC).

5 7 magnitude earthquake hits Ecuador
5.7 magnitude earthquake hits Ecuador

Three people have been killed and at least 47 injured after an earthquake measuring 5.7 on the Richter scale hit Ecuador’s Pacific coast.