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...
ADB maintains 8 1 forecast for China economic growth in 2021
ADB maintains 8.1% forecast for China economic growth in 2021

(CPV) - The People’s Republic of China (PRC) is expected to see 8.1% economic growth in 2021 as solid exports as well as increased fiscal support in the second half of the year will offset a more protracted recovery in household consumption, according to a new report by the Asian Development Bank.

COVID-19 delays economic recovery
COVID-19 delays economic recovery

(CPV) - The economic recovery in the Lao People’s Democratic Republic (Lao PDR) slowed amid a second wave of the coronavirus disease (COVID-19) pandemic that has led to lockdowns and lower consumer spending, according to a report released on September 22nd 2021 by the Asian Development Bank (ADB).

Cambodia’s garment exports surpass 5 billion USD in 8 months
Cambodia’s garment exports surpass 5 billion USD in 8 months

Cambodia's exports of garment and accessories from Cambodia rose by 3.3 percent to 5.02 billion USD in the first eight months of 2021, compared to 4.86 billion USD in the same period last year, the Khmer Times cited statistics from the Ministry of Commerce as reporting.

Nepal upgrades power transmission and distribution systems
Nepal upgrades power transmission and distribution systems

(CPV) - The Asian Development Bank (ADB) has approved a USD60 million loan as additional support for the ongoing Electricity Grid Modernization Project that is upgrading power transmission and distribution systems in Nepal.

Tajikistan focuses on improving quality of growth
Tajikistan focuses on improving quality of growth

(CPV) - The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Tajikistan that will focus on improving the quality of the country’s economic growth by supporting government efforts to increase productivity and mobilize private investments.

Vietnam calls on parties in Somalia to solve differences
Vietnam calls on parties in Somalia to solve differences

Vietnam has called on parties involved in Somalia to settle differences and put national interests first to solve the ongoing political crisis, said Ambassador Pham Hai Anh, Deputy Permanent Representative of Vietnam to the United Nations.

ASEAN, UN review progress of cooperation projects
ASEAN, UN review progress of cooperation projects

Ambassador Nguyen Hai Bang, Vietnam’s Permanent Representative to ASEAN, on September 1 attended the virtual Interface between the Committee of Permanent Representatives to ASEAN (CPR) and the United Nations (UN) Delegation.

CPTPP Council to discuss UK application on September 1
CPTPP Council to discuss UK application on September 1

Ministers from 11 member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) agreed to schedule an online meeting on September 1 to discuss the UK application to join the deal.

US Vice President arrives in Singapore
US Vice President arrives in Singapore

US Vice President Kamala Harris arrived in Singapore on August 22, as part of her first Asia trip to demonstrate Washington’s commitment to the Indo-Pacific, reported the Kyodo news agency.

Pakistan upgrades highway and boosts regional connectivity
Pakistan upgrades highway and boosts regional connectivity

(CPV) - The Asian Development Bank (ADB) has approved a USD235 million loan to further upgrade a national highway in Pakistan that is crucial to regional connectivity and strengthen the government’s operation and maintenance of its national highway network.