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...
Japan’s Prince Mikasa dies at 100
Japan’s Prince Mikasa dies at 100

On October 27th, the 100-year-old uncle of Japanese Emperor Akihito, Prince Mikasa died at a Tokyo hospital, the Imperial Household Agency said.

Two powerful earthquakes hit Italy
Two powerful earthquakes hit Italy

On October 26th, two consecutive powerful earthquakes measuring 5.5 and 6.1 on the Richter scale struck central Italy, damaging buildings and cutting power lines across the area.

Domestic resources dominate development finance in Asia
Domestic resources dominate development finance in Asia

(CPV) - The United Nations Development Programme (UNDP) and the Asia-Pacific Development Effectiveness Facility (AP-DEF) opened a two-day meeting on aid ahead of the upcoming Global Partnership for Effective Development Cooperation.

Paul Beatty wins 2016 Man Booker prize
Paul Beatty wins 2016 Man Booker prize

American writer Paul Beatty has won the 2016 Man Booker prize for his novel titled “The Sellout”, making him the first American to win the prize.

RoK vessel attacked off southern Philippine coast
RoK vessel attacked off southern Philippine coast

Armed men believed to be members of the Abu Sayyaf group have hijacked a Republic of Korean (RoK) vessel off the island of Tawi-Tawi in the southern Philippines, seizing its two crew members.

Super typhoon Haima hits Philippines
Super typhoon Haima hits Philippines

Powerful typhoon Haima has hit the northeastern Philippine coast, destroying houses, displacing tens of thousands and threatening millions of residents.

Cambodia improves public financial management systems
Cambodia improves public financial management systems

(CPV) - ADB is expanding its support for better public financial management in Cambodia through a USD30 million loan to support effective and efficient public service delivery and inclusive growth.

Kigali Agreement signed by 197 nations
Kigali Agreement signed by 197 nations

197 nations has reached an historic agreement to reduce emissions of chemical refrigerants that contribute to global warming at a United Nations meeting in Kigali, Rwanda.

Indonesian foreign debts see slowdown
Indonesian foreign debts see slowdown

The Central Bank of Indonesia (BI) reported that the country’s foreign debts grew 6.3 percent on-year to USD323 billion in August, 2016, slower than the growth of 6.6 percent in July, according to the Indonesian News Agency Antara on October 18th.

Singapore launches biggest anti-terror drill
Singapore launches biggest anti-terror drill

Singapore launched the largest counter-terrorism drill from October 17th – 18th to test the country’s multi-agency response in terror attack events and raise public awareness of the present threat.

Cambodia improves access to quality upper secondary education
Cambodia improves access to quality upper secondary education

(CPV) - ADB has approved a USD45 million loan to improve access to quality upper secondary education in Cambodia. The Upper Secondary Education Sector Development Program (USESDP) will support the government’s efforts to improve the quality of its human resources to sustain Cambodia’s economic development and enhance its competitiveness.

New Zealand to review FTA with ASEAN
New Zealand to review FTA with ASEAN

The New Zealand government said on October 17th that it is to review its free trade agreement (FTA) with ASEAN, citing a rising number of non-tariff barriers that hinder bilateral trade.

Typhoon Sarika hits Philippines
Typhoon Sarika hits Philippines

Typhoon Sarika with wind speeds of 130km per hour swept into Luzon Island, the Philippines, on early October 16th, according to Philippine authorities.

Thailand prays for King Bhumibol Adulyadej
Thailand prays for King Bhumibol Adulyadej

The body of Thailand ’s King Bhumibol Adulyadej was moved from Bangkok’s Siriraj Hospital to the Grand Palace on October 14th where his funeral rites will be carried out.