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...
Oxfam Report highlights the potential of business to foster growth and equality
Oxfam Report highlights the potential of business to foster growth and equality

(CPV) - Business has a prime role to play in building an ASEAN that works for all Asians, says the Oxfam Report “The Future of Business: Shaping inclusive growth in South-East Asia,” launched as the World Economic Forum (WEF) ASEAN meeting kicks off in Ha Noi, Viet Nam, on September 11th - 13th 2018.

42 countries endorse UN peace-keeping declaration
42 countries endorse UN peace-keeping declaration

The UN spokesperson Stephane Dujarric on September 10th said a total of 42 countries have endorsed a UN peace-keeping declaration as part of the UN Secretary-General Antonio Guterres’ effort to renew political support for the world body’s peace-keeping operations.

39th session of UN Human Rights Council opens
39th session of UN Human Rights Council opens

The 39th session of the United Nations Human Rights Council (UNHRC) opened in Geneva, Switzerland, on September 10th, attended by representatives of 47 member countries, more than 100 observer states and international and non-governmental organisations.

WWF report warns ASEAN banks
WWF report warns ASEAN banks

A new World Wild Fund for Nature (WWF) report finds that ASEAN’s biggest banks are increasingly aware of the impact their businesses have on the environment and society, but are slow to act on the huge potential they hold in addressing climate change and financing sustainable food, energy and infrastructure systems in the region.

Lao PDR develops sustainable and climate-smart agriculture value chains
Lao PDR develops sustainable and climate-smart agriculture value chains

(CPV) - ADB and the Government of the Lao People’s Democratic Republic (Lao PDR) signed an agreement on September 6th 2018 for a USD40.5 million grant for the Climate-Friendly Agribusiness Value Chains Sector Project that will help farmers and agribusinesses develop sustainable and climate-smart agriculture value chains in the country.

RoK’s overseas direct investment surges in Q2
RoK’s overseas direct investment surges in Q2

The Republic of Korea (RoK)'s overseas direct investment rose sharply in the second quarter from a year earlier as investors focus on offshore investment in the manufacturing and financial sectors, the RoK government’s data shows.

3rd inter-Korean summit to open in Pyongyang
3rd inter-Korean summit to open in Pyongyang

The 3rd inter-Korean summit between the Republic of Korea (RoK)'s President and the Democratic People’s Republic of Korea (DPRK)’s leader Kim Jong-un will take place in Pyongyang on September 18th - 20th.

Thailand launches programme to help SMEs join foreign fairs
Thailand launches programme to help SMEs join foreign fairs

The Ministry of Commerce of Thailand has cooperated with the private sector to launch a programme to provide small- and medium-sized enterprises (SMEs) with opportunities to participate in international trade fairs abroad.

India 1,400 die due to rain and floods
India: 1,400 die due to rain and floods

The Union Home Ministry’s National Emergency Response Centre said on September 3rd said that 1,400 people have died from rain and floods across 10 states in India.

Japanese PM Shinzo Abe to meet Russian President
Japanese PM Shinzo Abe to meet Russian President

Japanese Chief Cabinet Secretary Yoshihide Suga said at a regular press conference in Tokyo on September 3rd that Prime Minister Shinzo Abe would attend a regional economic forum to be held in the Russian Far East port city of Vladivostok next week and have a bilateral meeting with Russian President Vladimir Putin.

Indonesia to run for 2032 Summer Olympics host
Indonesia to run for 2032 Summer Olympics host

Indonesia will bid to host the 2032 Summer Olympics, President Joko Widodo announced on September 1st following its successful organisation of the 2018 Asian Games (ASIAD).

Angela Merkel visits West Africa
Angela Merkel visits West Africa

German Chancellor Angela Merkel has arrived in Senegal on a three-nation West African visit including Senegal, Ghana and Nigeria.

India improves State Highways in Karnataka
India improves State Highways in Karnataka

(CPV) - ADB and the Government of India today signed a USD346 million loan to finance improvement of over 400 kilometers (km) of state highways that will enhance connectivity and access to economic centers across 12 districts in Karnataka.

ADB affirms to support Sri Lanka s development
ADB affirms to support Sri Lanka's development

(CPV) - On August 30th 2018, ADB Vice-President Mr. Wencai Zhang in meetings with Sri Lanka’s leadership reaffirmed ADB’s strong commitment to support the country’s continued development drive, in line with ADB’s new long-term corporate blueprint, Strategy 2030.