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...
Thailand to ban personal car use to reduce air pollution
Thailand to ban personal car use to reduce air pollution

The Thai government is considering whether to impose a ban on personal car use in affected areas to cope with high levels of hazardous ultra-fine PM2.5 dust particles in the air if levels exceed 100 microgrammes per cubic metre, twice the safety level.

World’s billionaires have more wealth than 4 6 billion people
World’s billionaires have more wealth than 4.6 billion people

(CPV) - The world’s 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 percent of the planet’s population, reveals a new report from Oxfam on January 20th, 2020 ahead of the World Economic Forum (WEF) in Davos, Switzerland.

Indonesia’s car sales fall nearly 11 percent in 2019
Indonesia’s car sales fall nearly 11 percent in 2019

Indonesia sold 1.03 million cars in 2019, a drop of 10.8 percent year on year from 1.15 million units the previous year, due to the weak demand and other factors, according to the car manufacturer association (Gaikindo).

US firms to invest 5 billion USD in infrastrure projects in Indonesia
US firms to invest 5 billion USD in infrastrure projects in Indonesia

The International Development Finance Corporation (IDFC) – an independent agency under the US government – plans to invest 15 billion USD in Indonesia, according to the Southeast Asian country’s Coordating Minister for Economic Affairs Airlangga Hartarto.

Vietnam presides over UNSC session on Yemen, Colombia
Vietnam presides over UNSC session on Yemen, Colombia

Vietnam presided over a United Nations Security Council session on January 13th, during which the organisation adopted a resolution to extend the mandate of the UN Mission to support the Hodeidah Agreement (UNMHA) in Yemen and listened to a report on activities of the UN mission overseeing the peace agreement in Colombia.

Norway to support Pakistan s National Disaster Risk Management Fund
Norway to support Pakistan's National Disaster Risk Management Fund

(CPV) - ADB and the Royal Norwegian Embassy in Pakistan signed an agreement today to expand support for the National Disaster Risk Management Fund (NDRMF), further strengthening financing for natural disaster risk reduction and preparedness in the country.

Laos, China sign currency settlement agreement
Laos, China sign currency settlement agreement

Laos and China have agreed to facilitate the direct exchange of the Lao kip (LAK) and the Chinese yuan (CNY) instead of having to making conversions through other currencies previously.

Indonesia asks Singapore to invest in developing new capital
Indonesia asks Singapore to invest in developing new capital

Indonesian Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has called on Singaporean investors to invest in a number of sectors in the country's new capital city in East Kalimantan Province.

Thailand awaits Indian tourist surge on US-Iran tension
Thailand awaits Indian tourist surge on US-Iran tension

Thailand expects a windfall from the Indian tourist market if travellers stay away from the Middle East and turn eastward instead. Executive Director of the ASEAN, South Asia, and South Pacific Markets under the Tourism Authority of Thailand (TAT) said the ongoing Iran-US conflict could affect Indian travellers' confidence, resulting in their shunning of Dubai for Thailand to avoid the Middle East

Malaysia promotes digitalisation of economy
Malaysia promotes digitalisation of economy

The Malaysian government will ensure the digitalisation of the economy will not leave anyone out of the mainstream of development, Minister of Finance Lim Guan Eng said at a tech conference on December 30th.

Pacific increases renewable energy generation
Pacific increases renewable energy generation

(CPV) - ADB will invest over USD1 billion worth of energy projects in the Pacific from 2019 to 2021 to increase renewable energy generation and improve access to affordable and sustainable electricity in the subregion.

Cambodian PM defends stance on rice pricing
Cambodian PM defends stance on rice pricing

Cambodian Prime Minister Hun Sen has defended his stance on letting the free market determine prices of rice, saying that appeal for the government’s intervention in rice prices is unreasonable.

The worst natural disasters in 2019
The worst natural disasters in 2019

Strong typhoons which swept the Americas and Asia, earthquakes in Albania and China, and forest fires in Brazil and Indonesia are terrible natural disasters that humans faced in 2019.