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...
Key to Asia and Pacific s sustainable future
Key to Asia and Pacific's sustainable future

(CPV) - Countries and teritories in Asia and the Pacific must adopt more effective and innovative low-carbon policies and technologies to secure greener and more sustainable growth, delegates heard at a forum hosted by ADB and the Hunan Department of Ecology and Environment.

Singaporean central bank eases monetary policy
Singaporean central bank eases monetary policy

Singapore on October 14th decided to ease monetary policy for the first time in more than three years as the national economy has narrowly avoided recession in the third quarter of 2019.

Mongolia provides high-quality health care services
Mongolia provides high-quality health care services

(CPV) - ADB has approved its first multitranche financing facility (MFF) in the health sector in Mongolia. The USD158.34 million MFF will provide high-quality health care services in selected disadvantaged ger areas of Ulaanbaatar, provinces, and subdistricts to support the Government of Mongolia’s commitment to universal health coverage.

ASEAN, Japan deputy defence chiefs gather in Tokyo
ASEAN, Japan deputy defence chiefs gather in Tokyo

Deputy defence chiefs of ASEAN countries and Japan met in Tokyo, Japan from October 8th-10th to discuss regional security, the future of the Indo-Pacific region and ASEAN’s initiatives for regional cooperation.

Mongolia develops tourism sector
Mongolia develops tourism sector

(CPV) - ADB and the Government of Mongolia on early October wrapped up one successful eco-tourism project and embarked on a second project aimed to help Mongolia benefit from a boom in domestic and overseas tourists while safeguarding the environment.

Singapore, EAEU sign free trade deal
Singapore, EAEU sign free trade deal

A free trade agreement (FTA) between Singapore and the Eurasian Economic Union (EAEU) was signed by their leaders in Yerevan, capital of Armenia, on October 1st.

ADB revises down Laos’ economic growth outlook
ADB revises down Laos’ economic growth outlook

Laos’ economic growth will be moderate in 2019 and 2020, projected to be at 6.2 percent, slightly lower than April forecast of 6.5 percent, according to a new Asian Development Bank (ADB) report.

Pakistan economy continue to stabilize amid strong headwinds
Pakistan economy continue to stabilize amid strong headwinds

(CPV) - Pakistan’s economy in fiscal year (FY) 2019, which ended on June 30th, is showing signs of recovery as the government’s fiscal consolidation and austerity measures to address the structural weaknesses started to take effect.

ADB, Nauru sign grant agreement for new solar project
ADB, Nauru sign grant agreement for new solar project

(CPV) - ADB and the Government of Nauru signed a USD22 million grant on September 27th 2019 for a project that will fund the delivery of reliable, affordable, secure, and sustainable solar energy to help meet the socioeconomic development needs of the Pacific island nation.

Lao PDR improves public finance management
Lao PDR improves public finance management

(CPV) - ADB has approved a USD45 million policy-based loan to help the Lao People's Democratic Republic (Lao PDR) strengthen public debt management, reform tax administration, improve medium-term fiscal planning and budgeting, and boost governance and budget credibility.

Singapore detects first Zika cluster in 2019
Singapore detects first Zika cluster in 2019

The first Zika cluster in Singapore this year has been detected, after three cases were confirmed in Serangoon Gardens, the National Environment Agency of Singapore (NEA) said on September 13th.

ASEAN Family Day held in Italy
ASEAN Family Day held in Italy

Embassies of member countries in the ASEAN Committee in Rome (ACR) celebrated the ASEAN Family Day on September 7th.

ASEAN economic ministers meet in Thailand
ASEAN economic ministers meet in Thailand

The 51st ASEAN Economic Ministers’ Meeting (AEM 51) and related meetings officially opened in Bangkok on September 6th, bringing together economic leaders from the 10 member countries of the Association of Southeast Asian Nations (ASEAN) and partner countries.

RoK President begins trip to Southeast Asia
RoK President begins trip to Southeast Asia

President of the Republic of Korea Moon Jae-in on September 1st departed for Thailand on a week-long trip that will also take him to Myanmar and Laos as part of efforts to deepen the country's partnerships with the region.