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...
APEC Year 2020 to begin in November
APEC Year 2020 to begin in November

Malaysia will host the APEC Year 2020 from November 26th, 2019 to November 2020, with nearly 16,000 delegates from 21 member economies taking part, APEC 2020 head of logistics Suraya KA Rahman told a media briefing in Kuala Lumpur, Malaysia on August 8th.

Thai government approves fiscal 2020 budget
Thai government approves fiscal 2020 budget

The Thai cabinet has endorsed a budget of THB3.2 trillion (about USD104 billion) for fiscal year 2020, up 6.7 percent from fiscal 2019, which ends on September 30th.

Pakistan improves trade competitiveness and exports
Pakistan improves trade competitiveness and exports

(CPV) - ADB has approved a USD500 million policy-based loan to support the Government of Pakistan’s reforms to improve trade competitiveness and exports as a defense against external shocks and to help finance the country’s trade deficit.

Int’l experts criticise China s illegal activities in East Sea
Int’l experts criticise China's illegal activities in East Sea

Many international experts have criticised China's illegal activities in the East Sea and demanded China to end its actions that have increased tensions in the region, to comply with international law and to implement trust-building measures to avoid conflicts.

EU announces plan to bolster security ties with ASEAN
EU announces plan to bolster security ties with ASEAN

High representative for Foreign Affairs and Security Policy of the European Union (EU) Federica Mogherini on August 1st announced the deployment of military advisors in EU’s diplomatic corps in Asia.

Incomes, living standards of Singaporeans improve in 2017-2018
Incomes, living standards of Singaporeans improve in 2017-2018

The average income and living standards of Singaporeans in the 2017-2018 period have improved compared to the period from 2012-2013, according to the latest Household Expenditure Survey conducted by Singapore Department of Statistics (SingStat).

AMM-52 ministers discusses series of regional issues
AMM-52: ministers discusses series of regional issues

Delegates to the 52nd ASEAN Foreign Ministers’ Meeting (AMM-52) in Bangkok on July 31st discussed the building of the ASEAN Community and foreign relations, and reviewed preparations for year-end summits, as well as exchanged ideas on international and regional issues of common concern.

ADB provides guarantees to support trade in Nepal
ADB provides guarantees to support trade in Nepal

(CPV) - ADB's Trade Finance Program (TFP) and Laxmi Bank Limited, a leading bank in Nepal, signed an agreement on July 30th 2019 to provide guarantees to support trade in the country.

Vietnam attends ASEAN SOM ahead of AMM-52
Vietnam attends ASEAN SOM ahead of AMM-52

A delegation of Vietnam led by Deputy Foreign Minister Nguyen Quoc Dung attended the ASEAN Senior Officials’ Meeting (SOM) in Bangkok, Thailand on July 29th.

Russian President to visit France ahead of G7 meeting
Russian President to visit France ahead of G7 meeting

French President Emmanuel Macron said Sunday he has invited Russian President Vladimir Putin for talks on August 19, days ahead of hosting a G7 summit, to be held in the southwestern French city of Biarritz on August 24th-26th.

China’s actions violate Vietnam’s sovereignty within EEZ US Congressman
China’s actions violate Vietnam’s sovereignty within EEZ: US Congressman

Representative Eliot L. Engel, Chairman of the US House of Representatives’ Committee on Foreign Affairs, on July 26th (US time) issued a statement on Chinese interference in Vietnamese-controlled waters, in which he said China’s actions constitute a violation of Vietnamese sovereignty and its legitimate rights within its exclusive economic zone (EEZ).

Indonesia volcano erupts near Bandung city
Indonesia: volcano erupts near Bandung city

A volcano erupted near Indonesia's third-biggest city of Bandung on July 26th, sending ash several hundred metres into the air and triggering warnings for people to stay away.

Tonga constructs its first off-grid solar-power plant for island of Niuatoputapu
Tonga constructs its first off-grid solar-power plant for island of Niuatoputapu

(CPV) - ADB joined the Government of Tonga and other development partners in a groundbreaking ceremony on Juy 24th 2019 to officially mark the first step toward the construction of the country’s first off-grid solar-power plant and distribution network for Tonga’s most remote island of Niuatoputapu.

Pacific social development improving
Pacific social development improving

(CPV) - Lessons from the impact of the global economic crisis a decade ago, plus a sustained period of economic growth, has helped to drive substantial social development gains in the Pacific, according to the latest issue of ADB's Pacific Economic Monitor (PEM) launched on July 23rd 2019.

ADB expands Credit Guarantee Investment Facility s operations
ADB expands Credit Guarantee Investment Facility's operations

(CPV) - ADB has approved a USD50 million additional capital contribution to support the guarantee operations of the Credit Guarantee Investment Facility (CGIF), a trust fund of ADB created to promote the development of deep and liquid local currency and regional bond markets in the ASEAN+3 region.

Singapore Number of babies born dips to 8-year low
Singapore: Number of babies born dips to 8-year low

The number of babies born in Singapore were 39,039 last year, a 1.5 percent drop from 2017 and the lowest over the last eight years, according to a report by the Immigration and Checkpoints Authority.