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...
ASEAN, India agree to work toward strategic partnership
ASEAN, India agree to work toward strategic partnership

The 13th ASEAN-India Economic Ministers Consultation Meeting took place in Vientiane, Laos, on August 6th, with ministers agreeing to push the implementation of the two sides’ agreements on investment, trade and services towards lifting ASEAN-India ties to a strategic partnership.

Fifth AEM-Russia Consultation takes place in Vientiane
Fifth AEM-Russia Consultation takes place in Vientiane

The fifth consultation between economic chiefs of the ten ASEAN member countries and Russia took place in Vientiane, Laos on August 5th under the co-chair of Lao Minister of Industry and Trade Khemmany Pholsena and Russian Minister of Economic Development Alexey V.Uliukaev.

East Asian countries push for economic integration
East Asian countries push for economic integration

Economic ministers and deputy ministers from ASEAN and its eight partner countries reiterated the endeavours to accelerate economic integration in East Asia at the fourth East Asia Summit (EAS) Economic Ministers’ Meeting in Vientiane, Laos, on August 5th.

WB approves new environmental and social framework
WB approves new environmental and social framework

(CPV) - The World Bank’s Board of Executive Directors has approved a new Environmental and Social Framework (ESF) that expands protections for people and the environment in Bank-financed investment projects.

Tropical storm Earl hits Central America
Tropical storm Earl hits Central America

The US National Hurricane Center said that tropical storm Earl has hit Central America's Caribbean coastline and is expected to strengthen further, Reuters reported.

Malaysia assumes presidency of UN Security Council
Malaysia assumes presidency of UN Security Council

Malaysia has assumed the presidency of the United Nations Security Council (UNSC) for August. This is the second time Malaysia has taken up the role since its inclusion as a non-permanent member to the Council for the 2015-2016 term, the Malaysian Foreign Ministry said in a statement on August 3rd.

Indonesia-Switzerland industrial ties thrive
Indonesia-Switzerland industrial ties thrive

The cooperation in industry between Indonesia and Switzerland has seen a significant growth since the establishment of the two countries’ diplomatic ties in 1952, Indonesia-based Antara News reported on August 3rd.

ADB and UAB support trade in Myanmar
ADB and UAB support trade in Myanmar

(CPV) - ADB and United Amara Bank (UAB) signed a trade finance agreement on August 3rd 2016 to provide guarantees of up to USD4 million a year to support trade in Myanmar.

Clinton extends lead over Trump
Clinton extends lead over Trump

Democratic presidential nominee Hillary Clinton has extended her lead over Republican rival Donald Trump to eight percentage points, according to a Reuters/Ipsos poll.

Singapore arrests 44 involved in illegal employment
Singapore arrests 44 involved in illegal employment

A total of 44 suspects were arrested during an enforcement operation against a syndicate involved in bringing in foreign workers for illegal employment, said the Ministry of Manpower (MOM) on August 2nd.

Malaysia, Indonesia step up territorial dispute settlement
Malaysia, Indonesia step up territorial dispute settlement

Malaysia’s Prime Minister Najib Razak and Indonesia’s President Joko Widodo have instructed their special envoys tasked with resolving overlapping maritime claims to intensify efforts, with each being given a fresh mandate to resolve the delimitation issue.

Australia, Indonesia to promote economic partnership deal
Australia, Indonesia to promote economic partnership deal

Australia will promote the conclusion of the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) during an upcoming visit to the Southeast Asian nation by Minister of Trade, Tourism and Investment Steven Ciobo.

AEM 48 and related meetings to be underway from August 1st-6th
AEM 48 and related meetings to be underway from August 1st-6th

The 48th ASEAN Economic Ministers’ Meeting (AEM 48) and related meetings will run from August 1st-6th in Vientiane, Laos, according to Director-General of Foreign Trade Policy Department at the Lao Ministry of Industry and Commerce Laohoua Cheuing.

Zika risk minimal at Olympics
Zika risk minimal at Olympics

Health officials in Brazil said the risk of Zika virus infections at the Olympic Games in Rio de Janeiro is low and has been overcome.