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...
Fiji improves urban infrastructure in Suva area
Fiji improves urban infrastructure in Suva area

(CPV) - Through a multitranche financing facility to the Republic of Fiji for the Urban Water Supply and Wastewater Management Investment Program, ADB will help deliver vital urban infrastructure and services to support development in the greater Suva area in and around Fiji’s capital city.

ADB helps Indonesia to meet energy demand
ADB helps Indonesia to meet energy demand

(CPV) - ADB has signed a USD400 million loan to help expand the Tangguh liquefied natural gas (LNG) production facility, one of the largest in Indonesia.

Record USD75 billion commitment to end extreme poverty Global community
Record USD75 billion commitment to end extreme poverty: Global community

(CPV) - A coalition of more than 60 donor and borrower Governments on December 15th agreed to ratchet up the fight against extreme poverty with a record USD75 billion commitment for the International Development Association (IDA), the World Bank’s fund for the poorest countries.

China improves air quality in Greater Beijing Area
China improves air quality in Greater Beijing Area

(CPV) - ADB has approved EUR458 million (USD499.6 million) for a financing platform to support green and pollution-reduction projects in the greater Beijing-Tianjin-Hebei (BTH) region, which faces the worst air pollution in the People’s Republic of China (PRC). This follows a first loan of USD300 million approved last year for regulatory reform in Hebei Province.

Indonesia earthquake kills at least 52
Indonesia earthquake kills at least 52

On December 7th, an earthquake registering 6.5 on the Richter scale struck Indonesia's Aceh province at 5:03 a.m. local time, at a depth of 17.2 km, killing at least 52 people.

Russian President Vladimir Putin to visit Japan
Russian President Vladimir Putin to visit Japan

The Japanese Foreign Ministry has announced that Mr. Vladimir Vladimirovich Putin, President of the Russian Federation, will pay an official working visit to Japan from December 15th to 16th, 2016.

Geneva workshop statement welcomes tribunal’s East Sea ruling
Geneva workshop statement welcomes tribunal’s East Sea ruling

A workshop on the East Sea issue held in Geneva, Switzerland on December 6th issued a statement welcoming the ruling of the Permanent Court of Arbitration (PCA) in the Hague on the Philippines’s lawsuit against China’s claims in the waters.

Azerbaijan diversifies its economy
Azerbaijan diversifies its economy

(CPV) - ADB approved a USD500 million loan to help Azerbaijan maintain social spending, create jobs, and diversify its economy to mitigate the adverse impact of a crash in oil prices.

Japan supports gender education in northern Lao province
Japan supports gender education in northern Lao province

The Japanese government has provided a grant of more than LAK3.7 billion (USD450,381) to build secondary school facilities and support gender education in the northern province of Bokeo, according to Vientiane Times.