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+3 aims to intensify financial safety
ASEAN+3 aims to intensify financial safety

Financial ministers and central bank governors from ASEAN member nations and Japan, China and the Republic of Korea (RoK) have agreed to enhance a financial safety network for the region to prevent possible crises.

Germany and ADB join forces on climate action
Germany and ADB join forces on climate action

(CPV) - In their "Frankfurt Declaration", ADB and the German Federal Ministry for Economic Cooperation and Development (BMZ) agreed to join forces for progress on climate action and technical and vocational education and training (TVET).

ABC, CBS win Daytime Emmy winners
ABC, CBS win Daytime Emmy winners

The National Academy of Television Arts & Sciences (NATAS) has announced the winners of the 43rd Annual Daytime Emmy Awards during a grand gala held at the Westin Bonaventure Hotel and Suites in Los Angeles.

Japan considers ASEAN important partner
Japan considers ASEAN important partner

Japan has considered ASEAN an important partner, pledging to become the bloc’s irreplaceable partner in efforts of salvaging “diversification” in politics, economy, socio-culture and strengthening “connectivity” in the region.

Papua New Guinea to increase access to electricity in rural areas
Papua New Guinea to increase access to electricity in rural areas

(CPV) - The plan details how the Government of Papua New Guinea will expand the grid to rural communities around PNG Power’s 34 provincial grids. Preparation of the plan was supported by ADB as part of its contribution to the PNG Government’s National Electrification Rollout Plan.

India develop wind and solar power projects
India develop wind and solar power projects

(CPV) - The projects being financed include wind power projects in Rajasthan, Madhya Pradesh, Andhra Pradesh, and Karnataka, with combined capacity of 476 megawatts (MW), and photovoltaic solar power projects in Telangana and Punjab with capacity of 100 MW.

Singapore stresses rule of law in East Sea
Singapore stresses rule of law in East Sea

Singaporean Foreign Minister Vivian Balakrishnan called for enhanced cooperation between Southeast Asian nations and Japan to maintain rule of law at sea amid rising Chinese assertiveness, reported Japanese news agency Kyodo.

Mongolia upgrades urban infrastructure in Southeast Gobi
Mongolia upgrades urban infrastructure in Southeast Gobi

(CPV) - ADB has approved an additional loan of over USD19.4 million to scale up a project that is upgrading urban infrastructure and management services in fast growing aimag centers and border towns in Southeast Gobi.

Asian nations see boom in working age population
Asian nations see boom in working age population

An explosion in the working age population and a fall in birth rates - changes that are expected to take a century in Europe and North America - could occur here in just 30 years.

FEALAC network of cultural cities to be set up
FEALAC network of cultural cities to be set up

The central province of Thua Thien-Hue hosted the first meeting of the project on a network of cultural cities in the framework of the Forum of East Asia-Latin America Cooperation (FEALAC) on April 29th, drawing nearly 100 representatives from 17 countries.

US lawmakers call for strengthened marine security in East Sea
US lawmakers call for strengthened marine security in East Sea

Several members of the US Congress on April 27th urged the Obama administration to help strengthen marine security in the South China Sea (known as Bien Dong or East Sea in Vietnam) via increasing naval operations close to disputed islands in those waters.

ADB supports garment industry safeguards in Bangladesh
ADB supports garment industry safeguards in Bangladesh

(CPV) - ADB has signed the loan agreement with BRAC Bank under the USD30 million loan facility approved by ADB’s Board, which will be used to finance the construction and upgrade of ready-made garment factories in Bangladesh that have taken steps to meet globally agreed standards for structural improvements and worker rights and safety.

Discovering Malacca city, Malaysia
Discovering Malacca city, Malaysia

Malacca is one of the most popular tourist destinations in Malaysia and in 2008, UNESCO listed it as a World Heritage site.

New top leaders of Laos named
New top leaders of Laos named

A number of high-ranking leaders of Laos were elected during the ongoing first session of the 8th National Assembly (NA) on the morning of April 20th.

Indonesia, EU to boost economic relations
Indonesia, EU to boost economic relations

Indonesian President Joko Widodo is on a trip to four European countries, namely Germany , the United Kingdom , Belgium , and the Netherlands , from April 18th to 22nd, with the aim to strengthen his trade and economic cooperation with these countries, reported Jakarta Post.

Laos, Philippines strengthen cooperation
Laos, Philippines strengthen cooperation

Laos and the Philippines will work together to find measures to boost mutually beneficial ties in trade, investment, education and aviation services.

Myanmar Aung San Suu Kyi reaffirms NLD’s policies
Myanmar: Aung San Suu Kyi reaffirms NLD’s policies

Myanmar State Counsellor Aung San Suu Kyi on April 18th said the new government led by the National League for Democracy (NLD) will begin to build new good things for a change starting from the New Year.