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...
ASEAN foreign ministers agree to set up COVID-19 response fund
ASEAN foreign ministers agree to set up COVID-19 response fund

Foreign Ministers of the Association of Southeast Asian Nations (ASEAN) on April 9th agreed to form a COVID-19 response fund to collectively fight against the disease, according to a statement released after the 25th ASEAN Coordinating Council Meeting on COVID-19 via video conference.

ADB promotes innovation and efficiency to bolster anticorruption efforts
ADB promotes innovation and efficiency to bolster anticorruption efforts

(CPV) - The Asian Development Bank (ADB) is promoting innovation and efficiency to enhance its anticorruption efforts by streamlining case management and expediting the assessment of complaints and completion of investigations, according to the Office of Anticorruption and Integrity (OAI) 2019 Annual Report released on early April.

ADB announces USD470,000 grant to help Tonga combat COVID-19
ADB announces USD470,000 grant to help Tonga combat COVID-19

(CPV) - The Asian Development Bank (ADB) announced a USD470,000 grant from its Asia Pacific Disaster Response Fund on April 7th 2020 to help finance the response to the novel coronavirus (COVID-19) pandemic in Tonga. A state of emergency was declared in Tonga on March 20th.

Kyrgyz Republic to address COVID-19 challenges and trade disruptions to sustain growth
Kyrgyz Republic to address COVID-19 challenges and trade disruptions to sustain growth

(CPV) - The Kyrgyz Republic’s economy is projected to decelerate in 2020 along with a slowdown in the country’s main trade partners amid the global COVID-19 pandemic, but is seen to recover in 2021 as gold exports are expected to rise, according to the Asian Development Bank's annual flagship economic publication, the Asian Development Outlook (ADO) 2020.

Indonesia, RoK agree to sign FTA
Indonesia, RoK agree to sign FTA

Indonesia and the Republic of Korea on April 6th agreed to hold a signing ceremony of their bilateral free trade deal in the near future to quickly implement it in a way that helps minimise the economic fallout from the new coronavirus pandemic.

Georgia s economy to recover from COVID-19 impact in 2021 with 4 5 growth
Georgia's economy to recover from COVID-19 impact in 2021 with 4.5% growth

(CPV) - Georgia will experience a substantial slowdown in 2020 due to the COVID-19 pandemic and lower oil prices. A recovery is expected in 2021 as a result of higher domestic demand, increased foreign direct investment, and a rebound in workers’ remittances, according to a new Asian Development Bank (ADB) report.

Developing Asia growth to fall in 2020 on COVID-19 impact
Developing Asia growth to fall in 2020 on COVID-19 impact

(CPV) - Regional economic growth in developing Asia will decline sharply in 2020 due to the effects of the novel coronavirus (COVID-19) pandemic, before recovering in 2021, according to the Asian Development Outlook (ADO) 2020, the Asian Development Bank’s (ADB) annual flagship economic publication.

COVID-19, dimmed global outlook weigh heavily on Emerging East Asian bonds
COVID-19, dimmed global outlook weigh heavily on Emerging East Asian bonds

(CPV) - The novel coronavirus (COVID-19) pandemic and deepening global economic uncertainty are weighing heavily on local currency bond markets of emerging East Asian economies, according to the latest issue of the Asian Development Bank’s (ADB) Asia Bond Monitor on March 25th 2020.

Indonesian capital declares emergency over COVID-19
Indonesian capital declares emergency over COVID-19

Governor of Jakarta Anies Baswedan on March 20th declared a state of emergency in the Indonesian capital city for the next two week in a bid to curb the spread of the acute respiratory disease caused by novel coronavirus SARS-CoV-2 (COVID-19).

Cambodia records two more COVID-19 cases
Cambodia records two more COVID-19 cases

Cambodia has recorded two more cases positive for the SARS-CoV-2, raising the total to 35, spokesperson of the country’s Ministry of Health Or Vandine said on March 18th.

Cambodia’s construction sector remains stable
Cambodia’s construction sector remains stable

The Cambodian Ministry of Land Management, Urban Planning and Construction said the construction industry in the country remains stable despite a serious downturn facing many sectors globally due to impact of COVID-19.