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...
China expands environmentally sustainable district heating services
China expands environmentally sustainable district heating services

(CPV) - ADB signed facilities of a total of USD250 million in loans to Arctic Green Energy Corporation (AGE) and Sinopec Green Energy Geothermal Company Limited (SGE) on March 22nd 2018 to expand environmentally sustainable district heating services in the People’s Republic of China (PRC).

Package explodes in Austin, Texas
Package explodes in Austin, Texas

On March 20th, a package containing nails and shrapnel exploded at a FedEx distribution centre in San Antonio, Texas, injuring one person.

Indonesia strives to stabilise domestic rice prices
Indonesia strives to stabilise domestic rice prices

Indonesian Coordinating Minister for Economic Affairs Darmin Nasution has called on the State Logistics Agency (Bulog) to distribute imported rice that is currently stored at its warehouses to push rice prices down.

Zimbabwe to hold elections in July
Zimbabwe to hold elections in July

On March 18th, Zimbabwe’s President Emmerson Mnangagwa announced that the first presidential and parliamentary elections since the end of Robert Mugabe’s long rule will take place in July.

US, RoK agree success of dialogue with DPRK
US, RoK agree success of dialogue with DPRK

On March 20th, Chung Eui-yong, head of the National Security Office, said the US and the Republic of Korea (RoK) have agreed to work together closely for the success of their upcoming dialogue with the Democratic People’s Republic of Korea (DPRK).

RoK, Singapore vow close ties on security issues
RoK, Singapore vow close ties on security issues

The Republic of Korea (RoK) and Singapore agreed on March 19th during their defence chiefs’ talks to maintain their close partnership on the Democratic People’s Republic of Korea (DPRK) and other security issues.

ASEAN, Australia sign MoU on counter-terrorism
ASEAN, Australia sign MoU on counter-terrorism

Officials of Australia and the ASEAN member states signed a Memorandum of Understanding (MoU) on strengthening cooperation to counter international terrorism within the framework of the ASEAN – Australia Special Summit in Sydney, Australia on March 17th.

DPRK’s Minister Ri Yong-Ho visits Sweden
DPRK’s Minister Ri Yong-Ho visits Sweden

On March 15th, the Democratic People’s Republic of Korea (DPRK)’s Minister of Foreign Affairs Ri Yong-Ho began his visit to Sweden, on a mission that could set the stage for a possible summit between U.S. President Donald Trump and DPRK leader Kim Jong-un

Singapore announces new head of defence force
Singapore announces new head of defence force

Singapore on March 13rd announced that army chief Major General Melvyn Ong will take over as Chief of Defence Force and replace Lieutenant-General Perry Lim, who will be transferred to a new position.

ADB increases its climate financing for Asia and Pacific region
ADB increases its climate financing for Asia and Pacific region

(CPV) - ADB has secured USD190 million in total funding—comprising of USD85 million in grants and USD105 million in concessional loans—from the Green Climate Fund (GCF) for its climate change projects in Cambodia, Mongolia, and Tajikistan, shoring up the bank’s efforts to increase its climate financing for the Asia and Pacific region.

Sebastian Pinera sworn in as President of Chile
Sebastian Pinera sworn in as President of Chile

Conservative politician and businessman Sebastinastian Pinera on March 11th was sworn in to his second term as the President of Chile, after taking a strong victory in the December elections.

Cuban parliamentary election 2018 begins
Cuban parliamentary election 2018 begins

Over eight million eligible voters on March 11th began to elect the 605 members of the National Assembly and 1,265 delegates to the 15 provincial legislative bodies of the People’s Power in Cuba.