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...
Cambodia, Japan to ease travel restrictions in September 2020
Cambodia, Japan to ease travel restrictions in September 2020

Japan and Cambodia agreed on August 22 to reopen borders for expatriates, starting possibly from early September, on condition they observe a 14-day self-quarantine period and take other precautions against the novel coronavirus, Kyodo News reported.

ADB supports Philippines financial inclusion reforms with USD300 million loan
ADB supports Philippines' financial inclusion reforms with USD300 million loan

(CPV) - The Asian Development Bank (ADB) has approved a USD300 million policy-based loan to support the Philippine government’s efforts to boost inclusive growth by implementing reforms to expand Filipinos’ access to financial services, especially in unserved and underserved areas across the country.

Tackling the COVID-19 Youth Employment Crisis in Asia and the Pacific
Tackling the COVID-19 Youth Employment Crisis in Asia and the Pacific

(CPV) - The COVID-19 pandemic has triggered a massive disruption of economies and labour markets with disproportionate impacts on youth employment in Asia and the Pacific, says a new report by the International Labour Organization (ILO) and Asian Development Bank (ADB).

Indonesia adjusts GDP growth goal for 2020
Indonesia adjusts GDP growth goal for 2020

Indonesian Minister of Finance Sri Mulyani Indrawati recently adjusted the country’s GDP growth goal for 2020 down to -0.2 to -1.1 percent from the previous 2.3 percent, and 4.5 to 5.5 percent for the next year.

Indonesia to spend over 24 bln USD on stimulus funding in 2021
Indonesia to spend over 24 bln USD on stimulus funding in 2021

The Indonesian Government has announced that it will allocate 356.5 trillion Rp (24.04 billion USD) for COVID-19-related stimulus funding next year in an effort to continue supporting the country’s economic recovery and strengthen the health care system, including the provision of a coronavirus vaccine.

Japanese companies shift focus on Southeast Asia JETRO
Japanese companies shift focus on Southeast Asia: JETRO

More and more Japanese firms are expanding business in Southeast Asia and scaling down operations in China due to its escalating tensions with the US, according to the Japan External Trade Organization (JETRO).

EU partially withdraws tariff preferences to Cambodia under EBA
EU partially withdraws tariff preferences to Cambodia under EBA

Cambodia’s annual 7-billion-USD garment and textile sector is expected to suffer losses from the European Union (EU)’s partial withdrawal of the tariff preferences granted to the Southeast Asian country under the Everything But Arms (EBA) trade agreement from August 12.