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...
Innovators join ASEAN-wide call to combat marine plastic pollution
Innovators join ASEAN-wide call to combat marine plastic pollution

(CPV) - Over 140 innovators joined the United Nations Development Programme’s (UNDP) innovation challenge to combat plastic pollution in the Asia-Pacific region. From the group of innovators, 18 finalists were selected from seven countries – Indonesia, the Philippines, Singapore, Cambodia, Viet Nam, Malaysia, and Thailand.

Emerging East Asia bond yields diverge as COVID-19 uncertainty continues
Emerging East Asia bond yields diverge as COVID-19 uncertainty continues

(CPV) - Bond yields in emerging East Asia diverged due to market-specific factors, while uncertainty about the coronavirus disease (COVID-19) pandemic and concerns over inflationary pressure led to subdued investor sentiment, according to the latest issue of the Asian Development Bank’s (ADB) Asia Bond Monitor.

USD250 million ADB loan to support Bangladesh social resilience program
USD250 million ADB loan to support Bangladesh social resilience program

(CPV) - The Asian Development Bank (ADB) on June 18th 2021 approved a USD250 million policy-based loan to the Government of Bangladesh to help finance reforms aimed at improving the inclusiveness and responsiveness of the country’s social development and resilience program.

Asia-Pacific can emerge from pandemic stronger than before
Asia-Pacific can emerge from pandemic "stronger than before"

(CPV) - The Asia and the Pacific region can emerge from the coronavirus disease (COVID-19) pandemic “even stronger than before” by focusing on five areas to help achieve a prosperous, inclusive, resilient, and sustainable future, Asian Development Bank (ADB) President Masatsugu Asakawa said in remarks to the ADB Board of Governors at its 54th Annual Meeting on June 5th 2021.

The time to donate excess doses is now
The time to donate excess doses is now

(CPV) - “The COVAX Facility – the global COVID vaccine equity scheme – will deliver its 65 millionth dose in the coming days. It should have been at least its 170 millionth. By the time G7 leaders gather in the UK next month, and as a deadly second wave of COVID-19 will likely continue to sweep across India and many of its South Asian neighbours, the shortfall will near 190 million doses.

UNDP continues seeking innovative solutions to reduce plastic pollution in Indonesia and the Philippines
UNDP continues seeking innovative solutions to reduce plastic pollution in Indonesia and the Philippines

(CPV) - The United Nations Development Programme (UNDP), Indonesian National Coordinating Team for Marine Debris Handling Secretariat, Indonesian Coordinating Ministry for Maritime Affairs and Investment and the Archipelagic Island States Forum, the Philippines’ Department of Environment and Natural Resources, the local government of Samal Island (the Philippines) and Mandalika, Lombok Island (Ind

ASEAN discusses fourth Industrial Revolution strategy
ASEAN discusses fourth Industrial Revolution strategy

The Second ASEAN Sectoral Bodies and the Stakeholders Consultative Workshops on the Consolidated Strategy on the Fourth Industrial Revolution (4IR) for ASEAN took place on April 27 and 29, respectively, via videoconference.

Green and Social Finance Central to Asia-Pacific’s Sustainable Recovery
Green and Social Finance Central to Asia-Pacific’s Sustainable Recovery

(CPV) - Green and social finance must be nurtured to ensure that Asia and the Pacific's recovery from the coronavirus disease (COVID-19) pandemic is inclusive, resilient, and sustainable, according to Asian Development Outlook (ADO) 2021, released by the Asian Development Bank (ADB) on April 28th 2021.

Developing Asia to grow 7 3 in 2021 even as COVID-19 lingers
Developing Asia to grow 7.3% in 2021 even as COVID-19 lingers

(CPV) - Economic growth in developing Asia is set to rebound to 7.3% this year, supported by a healthy global recovery and early progress on coronavirus disease (COVID-19) vaccines, according to a new report from the Asian Development Bank (ADB).

ADB, AFD reaffirm strong cooperation in key sectors, Including climate action
ADB, AFD reaffirm strong cooperation in key sectors, Including climate action

(CPV) - Asian Development Bank (ADB) President Masatsugu Asakawa in a call on April 14 with Agence Française de Développement Group (AFD) Chief Executive Officer Rémy Rioux reaffirmed the importance of collaboration between the two institutions, particularly on key issues such as climate change and aspirations for COP26.

Singapore becomes the first to ratify RCEP
Singapore becomes the first to ratify RCEP

Singapore ratified the Regional Comprehensive Economic Partnership (RCEP) and deposited its ratification instrument on April 9, becoming the first participating country to complete the ratification process for the deal.

World opinion condemns China’s violations of int’l law in East Sea
World opinion condemns China’s violations of int’l law in East Sea

Many countries in the world have showed serious concerns over China’s recent deployment of over 200 ships around Sinh Ton island cluster in Vietnam’s Truong Sa (Spratly) archipelago and requested the country to immediately bring these vessels out of the area and end all provocations.

Digitalization and regional cooperation can spur SDG progress despite pandemic
Digitalization and regional cooperation can spur SDG progress despite pandemic

(CPV) - Digital transformation and renewed regional cooperation in Asia and the Pacific can spur the region’s equitable, sustainable, and resilient recovery from the coronavirus disease (COVID-19) pandemic and deliver progress on the Sustainable Development Goals (SDGs), according to a new report.