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...
At least nine foreigners killed in Ecuador’s earthquake
At least nine foreigners killed in Ecuador’s earthquake

On April 19th, the Ecuadorian Minister of Foreign Affairs Guillaume Long said at least nine foreigners were killed in a powerful earthquake measuring 7.8 on the Richter scale which left over 500 people dead and injured thousands of people.

Smallholder farmers in Bhutan boosts incomes from Hazelnuts
Smallholder farmers in Bhutan boosts incomes from Hazelnuts

(CPV) - ADB has approved an equity investment of USD3 million and Canadian and Swedish-financed technical assistance for Mountain Hazelnuts, an organization promoting hazelnut production by smallholder farmers in Bhutan to help them diversify and boost their incomes.

Singaporean PM paying official visit to Middle East
Singaporean PM paying official visit to Middle East

Singaporean Prime Minister Lee Hsien Loong is on an official one-week trip starting on April 15th to the Middle East, where he will visit Jordan , Israel and Palestine , with the aim to strengthen cooperation between Singapore and the region.

Japanese investors enter Vietnam’s individual housing market
Japanese investors enter Vietnam’s individual housing market

An individual housing project, called Fuji Residence, will be developed in District 9, Ho Chi Minh City after Nam Long Group and partnership investors Hankyu Realty and Nishi Nippon Railroad signed a Memorandum of Understanding (MoU) on April 15th.

GDP of four ASEAN nations to exceed USD1 trillion in 2030
GDP of four ASEAN nations to exceed USD1 trillion in 2030

Malaysia, Indonesia, the Philippines and Thailand are expected to join the nations with Gross Domestic Products (GDP) exceeding USD1 trillion in 2030, according to a report released by the global information company IHS Inc.

Singapore loosens monetary policy
Singapore loosens monetary policy

Singapore on April 14th announced that the country will loosen its monetary policy in an attempt to stimulate the country’s sluggish economy which has been forecast for slow growth this year.

Asian economies must build far greater resilience into their plans
Asian economies must build far greater resilience into their plans

(CPV) - Emerging risks and destabilizers as diverse as widening income inequality, slower growth, and climate change are reshaping Asia’s economic landscape at such a rapid pace that governments must build far greater resilience into their national plans, says Independent Evaluation at ADB.

Hemingway’s rare items on display
Hemingway’s rare items on display

(CPV) - An exhibition titled “Ernest Hemingway: Between two wars” showing a number of rare items of writer Ernest Hemingway is taking place at the John F. Kennedy Presidential Library and Museum in the US city of Boston, Massachusetts.

Cambodia Lawmaker faces imprisonment for inciting revolt
Cambodia: Lawmaker faces imprisonment for 'inciting revolt'

Cambodian authorities on April 12th said opposition lawmaker Um Sam An from the Cambodia National Rescue Party (CNRP) could face up to five years in prison after he was accused of “inciting revolt”, relating to the border map between Cambodia and Vietnam.

Great Barrier Reef - World’s largest coral system
Great Barrier Reef - World’s largest coral system

The Great Barrier Reef is the world’s largest coral composed of over 2,900 individual forming 900 islands stretching over 2,300 kilometres long across an area of approximately 344,400 square kilometers. The reef is located in the Coral Sea, off the coast of Queensland, Australia.

Cambodia proposes China continue discharging water
Cambodia proposes China continue discharging water

Cambodian Prime Minister Hun Sen on April 11th said the country is facing severe drought while expressing his hope that China will continue to discharge water to downstream of the Mekong River.

ADB approves USD2 million for herders hit by “dzud”
ADB approves USD2 million for herders hit by “dzud”

(CPV) - ADB Country Director Robert Schoellhammer and the Minister of Finance of Mongolia Bolor Bayarbaatar signed a USD2 million grant agreement on April 11th 2016 as part of a United Nations-led emergency response for herders and their families afflicted by a protracted climate disaster in Mongolia, known as a “dzud.”

Afghanistan rebuilds ties with “Silk Road” neighbors
Afghanistan rebuilds ties with “Silk Road” neighbors

(CPV) - The shareholders of TAPI Pipeline Company Limited (TPCL) signed an Investment Agreement today in a ceremony witnessed by petroleum ministers and senior government officials of Turkmenistan, Afghanistan, Pakistan and India, and senior ADB officials.

ASEAN defines priorities to narrow development gap
ASEAN defines priorities to narrow development gap

ASEAN will focus on food and agriculture, trade facilitation, development of Micro, Small and Medium Enterprises (MSMES), education, health and social welfares, to narrow development gaps in the bloc.

Myanmar, Canada discuss bilateral cooperation
Myanmar, Canada discuss bilateral cooperation

Canadian Foreign Minister Stephane Dion met with his Myanmar counterpart Aung San Suu Kyi in the Myanmar capital of Nay Pyi Taw on April 7th, reported Chinese news agency Xinhua.