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...
New Malaysian PM unveils core ministries of government
New Malaysian PM unveils core ministries of government

Malaysia’s new Prime Minister Mahathir Mohamad on May 11th announced 10 core ministries of the new government, the first move of Mahathir and his Pakatan Harapan (Alliance of Hope) to set up the cabinet after their victory in the general elections two days ago.

Congo confirms first death in latest Ebola outbreak
Congo confirms first death in latest Ebola outbreak

The Democratic Republic of Congo (DRC)’s Minister of Health Oly Ilunga on May 10th announced the first confirmed death in a new outbreak of Ebola virus, and said 11 other people were confirmed to be infected.

ADB supports trade in developing markets across Asia
ADB supports trade in developing markets across Asia

(CPV) - ADB, through its Trade Finance Program (TFP), has signed a USD100 million agreement with Citi to share risk on a funded basis on underlying trade finance transactions to further support trade in developing markets across Asia. Citi has been working with ADB on trade finance since 2009.

Afghanistan inaugurates new power distribution network
Afghanistan inaugurates new power distribution network

(CPV) - ADB and the Government of Afghanistan inaugurated on May 7th a new power distribution network, which will help provide efficient and reliable electricity to around 200,000 people, who previously did not have access to electricity, in the southwest of Kabul.

Cuba takes over ECLAC Presidency
Cuba takes over ECLAC Presidency

The 37th session of the Economic Commission for Latin America and the Caribbean (ECLAC) on May 8th took place in Havana, Cuba.

Chinese Premier Li Keqiang visits Indonesia, Japan
Chinese Premier Li Keqiang visits Indonesia, Japan

On May 6th, Chinese Premier Li Keqiang left Beijing for official visits to Indonesia and Japan at the invitation by Indonesian President Joko Widodo and Japanese Prime Minister Shinzo Abe.

ADB Linking people and economies for inclusive growth
ADB: Linking people and economies for inclusive growth

(CPV) - Strategy 2030, the new long-term strategy of ADB to be released this year, will renew ADB’s strong commitment to eradicate extreme poverty in Asia and the Pacific and expand the bank’s vision to achieve a prosperous, inclusive, resilient, and sustainable region, ADB President Mr. Takehiko Nakao said in his opening address at the 51st Annual Meeting of ADB’s Board of Governors.

ASEAN+3 nations deliberate threats from rising protectionism
ASEAN+3 nations deliberate threats from rising protectionism

Finance ministers and central bank governors of member states of the Association of Southeast Asian Nations (ASEAN) and East Asian countries on May 4th discussed the threat of trade frictions and rising protectionism and pledged to stay vigilant and work harder to avert threats to the global economy.

China, Japan and RoK set summit in Tokyo
China, Japan and RoK set summit in Tokyo

Leaders of Japan, China and the Republic of Korea (RoK) will meet in ToKyo on May 9th for first trilateral talks between the three countries since 2015.