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...
New COVID-19 developments in Southeast Asian nations
New COVID-19 developments in Southeast Asian nations

The Lao Ministry of Health reported on August 2 that the country had recorded an additional 199 COVID-19 infections over the past 24 hours, raising the national count to 6,765, including seven fatalities.

Myanmar pledges to cooperate with ASEAN’s special envoy
Myanmar pledges to cooperate with ASEAN’s special envoy

Chairman of the State Administration Council of Myanmar Senior General Min Aung Hlaing has promised the organisation of new elections, while saying the government of Myanmar is ready to work with any special envoy appointed the Association of Southeast Asian Nations (ASEAN).

COVID-19 remains rampant in Southeast Asia nations
COVID-19 remains rampant in Southeast Asia nations

The Delta variant of coronavirus SARS-CoV-2, which was first detected in India, has continued to spread in Southeast Asian nations, with Indonesia recording the highest rate of infection.

ASEAN-China trade surges 85 times in 30 years
ASEAN-China trade surges 85 times in 30 years

Trade between China and the Association of Southeast Asian Nations (ASEAN) has skyrocketed by 85 times since the two sides established their dialogue relations 30 years ago.

Webinar highlights Canada-ASEAN connections in business, education
Webinar highlights Canada-ASEAN connections in business, education

Experts from Canada and ASEAN member countries as well as leaders of businesses of both sides gathered at an online conference on July 29 by York University's Centre for Asian Studies to discuss the Canada-ASEAN connectivity, especially in business and education.

Southeast Asian nations resolved to stamp out COVID-19
Southeast Asian nations resolved to stamp out COVID-19

Philippine President Rodrigo Duterte on Jul 28 ordered his government to open the coronavirus vaccination campaign for anyone who wants a shot as his country scrambles to protect the population from more transmissible variants.

Pacific economic outlook weakens, but vaccination progress provides optimism
Pacific economic outlook weakens, but vaccination progress provides optimism

(CPV) - Despite a weakening economic growth forecast for the Pacific, recent progress in vaccination rollouts and stronger public health measures are providing optimism for the safe reopening of borders in the near term, according to the latest issue of the Asian Development Bank’s (ADB) Pacific Economic Monitor (PEM) launched on July 29th 2021.

ADB invests USD50 million in PAG Growth II to support midsized companies in developing Asia
ADB invests USD50 million in PAG Growth II to support midsized companies in developing Asia

(CPV) - The Asian Development Bank (ADB) signed a USD50 million equity investment in PAG Growth II L.P. (PAG Growth II, the fund), a private equity fund managed by investment firm PAG, to promote innovation and provide growth capital for businesses in key economic sectors in Asia and the Pacific, predominantly in the People’s Republic of China.

US Secretary of Defense visits Singapore
US Secretary of Defense visits Singapore

US Secretary of Defense Lloyd J. Austin on July 26 and 27 visited the Southeast Asian nation and held talks with his Singaporean counterpart Ng Eng Hen, according to a joint announcement issued after the talks.

Singapore s economic recovery and risks
Singapore's economic recovery and risks

Singapore's economy is on track to recover from the worst recession in its history caused by the COVID-19 epidemic, but potential risks still exist.

Thailand’s exports enjoy record high in 11 years
Thailand’s exports enjoy record high in 11 years

Thailand’s exports have risen to the highest level in 11 years because of an increase in global demand, according to the country’s Deputy Prime Minister and Commerce Minister Jurin Laksanawisit.

Australia helps to strengthen public financial management in Pacific
Australia helps to strengthen public financial management in Pacific

(CPV) - The Asian Development Bank (ADB) and the Government of Australia have approved an additional USD2.39 million in technical assistance support to continue public sector management reforms in the Pacific as it recovers from the coronavirus disease (COVID-19) pandemic.

Singapore full-year inflation forecast raised
Singapore: full-year inflation forecast raised

The Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) have raised their full-year forecast for overall inflation to between 1 percent and 2 percent in 2021, up from the previous prediction of 0.5 percent-1.5 percent.

ADB lowers 2021 growth outlook for Developing Asia to 7 2
ADB lowers 2021 growth outlook for Developing Asia to 7.2%

(CPV) - The Asian Development Bank (ADB) is projecting 7.2% economic growth for developing Asia this year, compared with its 7.3% forecast in April, as renewed coronavirus disease (COVID-19) outbreaks slow the recovery in some economies in the region. The growth outlook for 2022 is upgraded to 5.4% from 5.3%.

ADB boosts climate resilience in health systems of Cambodia, Lao PDR and Viet Nam
ADB boosts climate resilience in health systems of Cambodia, Lao PDR and Viet Nam

(CPV) - A six-year, pioneering regional technical assistance initiative has boosted the capacity of health systems in Cambodia, the Lao People’s Democratic Republic (Lao PDR), and Viet Nam to respond to climate-induced health threats amid the coronavirus disease (COVID-19) pandemic, the Asian Development Bank (ADB) announced on July 19th 2021.

UNCLOS vital to safeguard the rights of ASEAN in East Sea Malaysian website
UNCLOS vital to safeguard the rights of ASEAN in East Sea: Malaysian website

The United Nations Convention on the Law of the Sea 1982 (UNCLOS 1982) and the Association of Southeast Asian Nation (ASEAN)’s solidarity play an important role in resolving sovereignty disputes in the South China Sea (which is called East Sea by Vietnam), according to an article published by Theinsnews.com on July 11.