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...
Remittances to Philippines make new record in 2015
Remittances to Philippines make new record in 2015

Remittances sent home by overseas Filipino workers (OFWs) hit a new high in 2015 with USD28.5 billion as of the end of December, according to the Central Bank of the Philippines (BSP).

ADB to boost lending to Indonesia USD10 billion over next 5 years
ADB to boost lending to Indonesia USD10 billion over next 5 years

(CPV) - The President of ADB, Takehiko Nakao, met with Joko Widodo, President of Indonesia on February and discussed areas of future cooperation. At the meeting, Mr. Nakao announced that ADB will boost lending to the country from USD740 million annually from 2010 to 2014, to as much as USD2 billion a year, or USD10 billion over the next 5 years, using its expanded lending capacity.

Thailand Court rejects suit against former PM
Thailand: Court rejects suit against former PM

Thailand’s Appeals Court on February 17th dropped the case against former Prime Minister Abhisit Vejjajiva and his former deputy Suthep Thaugsuban, brought against them for the deadly military crackdown of red-shirt protesters in 2010.

ASEAN calls on resumption of Korean nuclear talks
ASEAN calls on resumption of Korean nuclear talks

The Association of Southeast Asian Nations (ASEAN) has urged the Democratic People’s Republic of Korea (DPRK) to comply with all relevant United Nations Security Council resolutions and resume the Six Party Talks over the nuclear issue on the Korean Peninsula.

Hungary to boost cooperation with ASEAN
Hungary to boost cooperation with ASEAN

Hungary on February 5th expressed its strong interest to forge closer ties with the Southeast Asian region and said it recognised the immense potential of the ASEAN Community.

ADB to support Kyrgyz in current challenging economic situation
ADB to support Kyrgyz in current challenging economic situation

(CPV) - Sean O’ Sullivan, Director General of ADB’s Central and West Asia Department, concluded a 2-day visit to the Kyrgyz Republic, where he held talks with key government officials on ADB’s current operations in the country and priority support in the current challenging economic situation.

Mongolia promotes tourism in Khuvsgul Lake National Park
Mongolia promotes tourism in Khuvsgul Lake National Park

(CPV) - The three grants are funded by ADB’s Japan Fund for Poverty Reduction (JFPR), which over the past 16 years has supported 42 projects in Mongolia dealing with poverty alleviation, livelihoods, and the environment.

Myanmar boosts establishment of new government
Myanmar boosts establishment of new government

Aung San Suu Kyi, leader of Myanmar’s National League for Democracy (NLD), met with the country’s Defence Services Commander-in-Chief Min Aung Hlaing in Nay Pyi Taw on January 25th to discussed matters relating to the post-election transition period.

US Secretary of State visits Cambodia
US Secretary of State visits Cambodia

US Secretary of State John Kerry arrived in Phnom Penh on January 25th to start his two-day visit to Cambodia to increase bilateral cooperation.

Private sector, a key partner for addressing Asia’s massive infrastructure needs
Private sector, a key partner for addressing Asia’s massive infrastructure needs

(CPV) - “We are pleased to launch the facility’s operations and boost our support to our developing member countries in their efforts to attract private sector participation in infrastructure,” said Ryuichi Kaga, Head of ADB’s Office of Public–Private Partnerships. “Improving the quality and delivery of infrastructure projects will create investment opportunities for the private sector, a key part

Second case of MERS confirmed in Thailand
Second case of MERS confirmed in Thailand

Thailand’s Public Health Ministry announced on January 24th the second confirmed case of Middle East Respiratory Syndrome (MERS) detected in a 71-year-old man from Oman.

Malaysia arrests seven with suspected links to IS
Malaysia arrests seven with suspected links to IS

Seven people with suspected links to the Islamic State (IS) have been detained, Malaysian police said on January 24th after Kuala Lumpur raised security alert following terrorist attacks in Jakarta, Indonesia on January 14th.