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...
ASEAN navies cooperate to protect marine environment
ASEAN navies cooperate to protect marine environment

The 11th ASEAN Navy Chiefs’ Meeting (ANCM-11) opened in Pattaya city, Thailand, on November 19th, themed “Protection and Preservation of the Marine Environment”, according to Quan doi Nhan dan (People’s Army) daily.

ADB endorses 5-year Country Partnership Strategy for Turkmenistan
ADB endorses 5-year Country Partnership Strategy for Turkmenistan

(CPV) - ADB's Board of Directors has endorsed a 5-year Country Partnership Strategy (CPS) for Turkmenistan to support regional cooperation and economic diversification during 2017-2021. This is ADB’s first full CPS with Turkmenistan since the country joined ADB in 2000.

Magnitude 7 earthquake hits South Pacific
Magnitude 7 earthquake hits South Pacific

An earthquake measuring 7 on the Richter scale struck in the South Pacific, prompting a tsunami warning for coastlines within 300 km of the epicentre.

Shinzo Abe meets commander of U S Pacific Command
Shinzo Abe meets commander of U.S. Pacific Command

On November 16th, Japanese Prime Minister (PM) Shinzo Abe vowed to strengthen Japan’s alliance with the United States in the face of regional security concerns, including the Democratic People’s Republic of Korea (DPRK)’s nuclear and missile threats.

US President highly praises visits to Asia
US President highly praises visits to Asia

On November 15th, US President held a joint press conference in the White House, declaring his 12-day Asia tour as a “tremendous success”, claiming that “America is back” as a global leader.

ASEAN Port Association meets in Ba Ria-Vung Tau
ASEAN Port Association meets in Ba Ria-Vung Tau

The 43rd Conference of the ASEAN Port Association (APA) opened in Vung Tau city, the southern coastal province of Ba Ria-Vung Tau, drawing representatives of the ASEAN member countries, excepting for land-locked Laos.

Japan, China pledge to promote bilateral ties
Japan, China pledge to promote bilateral ties

Japanese Prime Minister Shinzo Abe and Chinese Premier Li Keqiang on November 13th met in Manila (the Philippines), saying they share a desire to further improve bilateral relations.

ASEAN+3 Summit highlights economic cooperation
ASEAN+3 Summit highlights economic cooperation

The ASEAN+3 Summit took place in Manila, the Philippines, on November 14th with the attendance of leaders from 10 ASEAN member states and Japan, China and the Republic of Korea.

Armenia supports micro, small, medium-sized enterprises and farmers
Armenia supports micro, small, medium-sized enterprises and farmers

(CPV) - ADB is providing USD6 million in loans and USD200,000 in technical assistance grants to Finca Armenia, one of the leading credit organizations in the country, to support micro, small, and medium-sized enterprises (MSMEs) and farmers, helping them to raise income levels and employment.

RoK calls for stronger ties with ASEAN
RoK calls for stronger ties with ASEAN

President of the Republic of Korea (RoK) Moon Jae-in has called for efforts to diversify and upgrade ties with the Associaiton of Southeast Asian Nations (ASEAN).

ASEAN-Russia relations discussed in Moscow
ASEAN-Russia relations discussed in Moscow

A seminar in Moscow on November 10 discussed prospects for cooperation between Russia and the Association of Southeast Asian Nations (ASEAN) and the role played by Vietnam in connecting the Eurasian Economic Union (EAEU) and ASEAN.

TPP advances with new name
TPP advances with new name

Trade ministers from 11 member countries of the Trans-Pacific Partnership (TPP) have agreed on core elements of the pact, which is from now on called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

6-magnitude earthquake hits Hachijo-jima Japan
6-magnitude earthquake hits Hachijo-jima (Japan)

On November 9th, the United States Geological Survey (USGS) reported that an earthquake measuring 6.0 on the Richter scale struck 165 km ESE (east-southeast) of Hachijo-jima, Japan.