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...
Singaporean-based company helps Da Nang fight COVID-19
Singaporean-based company helps Da Nang fight COVID-19

A joint venture between the Singaporean-based Sakae Holdings and SSF Investment limited company has submitted a document offering help in the form of medical equipment and necessities to the central city of Da Nang in its COVID-19 combat.

Indonesia urges China to respect UNCLOS
Indonesia urges China to respect UNCLOS

Indonesia has expressed concern over escalating tensions in the East Sea and urged China to obey international law, including the United Nations Convention on the Law of the Sea (UNCLOS), to settle disputes.

India reviews continuation of FTA with ASEAN
India reviews continuation of FTA with ASEAN

The government is reviewing the continuation of the free trade agreement (FTA) with ASEAN in the wake of the trading bloc’s reluctance to address India’s concerns over what it believes are asymmetries in the trade pact during the last ten years. According to Times of India, the country’s main grouse is the rising trade deficit with the 10–country bloc.

RoK to provide 5 15 million USD for six developing nations
RoK to provide 5.15 million USD for six developing nations

The Korean Ministry of Economy and Finance announced on July 31 that it will provide 5.15 million USD for six developing nations, including Vietnam, to support projects ranging from establishing green growth and digital infrastructure to an improved COVID-19 response.

European Commission issues press release on EVFTA
European Commission issues press release on EVFTA

The European Union (EU) – Vietnam Free Trade Agreement (EVFTA) - the most comprehensive trade agreement the EU has signed with a developing country, will take effect from August 1, a press release of the European Commission (EC) stressed.

UNDP calls for adequate investments at local level
UNDP calls for adequate investments at local level

(CPV) - COVID-19 shutdown measures have had economic impacts far beyond city boundaries as urban economies account for 80 per cent of global GDP. The response should tackle the inequalities and long-term development deficits that have been exposed and made marginalized groups more vulnerable.

ASEAN, Japan adopt COVID-19 economic resilience action plan
ASEAN, Japan adopt COVID-19 economic resilience action plan

Economic ministers in ASEAN member states and Japan approved the ASEAN - Japan Economic Resilience Action Plan at a virtual meeting chaired by Minister of Industry and Trade Tran Tuan Anh on July 29th, as part of the efforts to promote solidarity between the two sides in combating COVID-19.

WHO and UNICEF warn of a decline in vaccinations during COVID-19
WHO and UNICEF warn of a decline in vaccinations during COVID-19

(CPV) - The World Health Organization and UNICEF warned on July 17th 2020 of an alarming decline in the number of children receiving life-saving vaccines around the world. This is due to disruptions in the delivery and uptake of immunization services caused by the COVID-19 pandemic.

US rejects China’s claims to resources across most of East Sea
US rejects China’s claims to resources across most of East Sea

US Secretary of State Michael R. Pompeo affirmed on July 13 that the People’s Republic of China (PRC)’s claims to offshore resources across most of the South China Sea (called the East Sea in Vietnam) are completely unlawful, as is its campaign of bullying to control them.

The COVID-19 situation in Kazakhstan is under control
The COVID-19 situation in Kazakhstan is under control

(CPV) - Despite some progress in certain regions of the world, global experience continues to show that the coronavirus crisis is a long way from being eliminated. New cases are soaring in many countries, perhaps most notably in the United States.