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...
Foreign investors withdraw capital from Malaysia
Foreign investors withdraw capital from Malaysia

The Government of Malaysia’s bonds owned by foreign investors, which shrank last September, may have another drop when withdrawals continue, Malaysia’s The Star newspaper reported on October 14th.

Malaysia elects new King
Malaysia elects new King

On October 14th, the Malaysian Conference of Rulers held held a special meeting to elect the country’s 15th King.

ADB supports power transmission improvement in southern Vietnam
ADB supports power transmission improvement in southern Vietnam

(CPV) - ADB and the Government of Viet Nam signed a USD231.3 million loan agreement to enhance the power transmission network in Southern Viet Nam. The loan is the third tranche of the 10-year Power Transmission Investment Program, which was approved by ADB in 2011.

ASEAN officials discuss single aviation market
ASEAN officials discuss single aviation market

Senior officials from the Association of Southeast Asian Nations (ASEAN) said on October 10th that they are willing to work towards realising their aspiration to build a comprehensive partnership on the ASEAN Single Aviation Market, which is considered a pillar of the ASEAN Economic Community (AEC).

Cambodia improves service delivery
Cambodia improves service delivery

(CPV) - ADB and the Government of Cambodia today signed loan agreements and additional financing totaling USD125 million for four projects to foster improvements to public service delivery and enhance access to quality education.

Cuba, US to discuss Human Rights
Cuba, US to discuss Human Rights

On October 11th, Deputy Director for Multilateral Affairs and International Law of the Ministry of Foreign Affairs of Cuba, Pedro Luis Pedroso, announced that Cuba and the United States would hold the second round of talks on Human Rights.

Abdelilah Benkirane re-appointed Morocco PM
Abdelilah Benkirane re-appointed Morocco PM

Leader of Morocco's Islamist Justice and Development Party (PJD), Abdelilah Benkirane on October 10th was appointed as Prime Minister (PM) for a second term.

Singapore PM visits Australia
Singapore PM visits Australia

The Singapore Prime Minister (PM)’s Office has announced that PM Lee Hsien Loong would make a three-day official visit to Australia from October 11th.

Hurricane Matthew hits US East Coast
Hurricane Matthew hits US East Coast

Hurricane Matthew killed almost 900 people in Haiti and at least 16 in the United States before downgrading to a post-tropical cyclone on October 9th.

Citi to provide USD100 million for microfinance in Asia
Citi to provide USD100 million for microfinance in Asia

(CPV) - ADB has entered into an agreement with Citi to expand local currency lending to the microfinance sector under the Microfinance Risk Participation and Guarantee Program. Under the agreement, ADB and Citi will together facilitate up to USD100 million of local currency loans to microfinance institutions in developing Asia.

Girls spend 160 million more hours than boys doing household chores everyday
Girls spend 160 million more hours than boys doing household chores everyday

(CPV) - Girls between 5 and 14 years old spend 40 per cent more time, or 160 million more hours a day, on unpaid household chores and collecting water and firewood compared to boys their age, according to a report released by UNICEF ahead of International Day of the Girl on October 11th.

US lifts sanctions on Myanmar
US lifts sanctions on Myanmar

President Barack Obama on October 7th formally announced the lifting of US sanctions, which had been imposed on Myanmar for almost two decades.

Myanmar s parliament sessions to adjourn until November
Myanmar's parliament sessions to adjourn until November

The second sessions of the two Houses of Myanmar's Parliament will adjourn for one month to mid-November when the third sessions are scheduled to convene, Speaker of Myanmar's House of Representatives U Win Myint announced on October 7th.

Hurricane Matthew hits US
Hurricane Matthew hits US

Hurricane Matthew has strengthened as it moves slowly towards Florida, after hitting Haiti on its destructive march north through the Caribbean.

Sung Kim nominated as U S ambassador to Philippines
Sung Kim nominated as U.S ambassador to Philippines

The U.S. Senate has approved the nomination of Sung Kim, currently special representative for the Democratic People’s Republic of Korea (DPRK) policy, to be the next U.S. ambassador to the Philippines, according to a White House press statement.

Zika situation in Asia
Zika situation in Asia

On October 5th, there were two new cases of Zika in Singapore after three days with no new cases, according to data on the National Environment Agency website.