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...
Improved trade facilitation can reduce trade costs by up to 9 in Asia and Pacific
Improved trade facilitation can reduce trade costs by up to 9% in Asia and Pacific

(CPV) - Improved trade facilitation — the simplification, modernization, and harmonization of export and import processes — can reduce trade costs by up to 9% in Asia and the Pacific, according to a new joint report by ADB and the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) launched today on the sidelines of the Asia-Pacific Trade Facilitation Forum in Yogyakarta

Indian PM visits Myanmar
Indian PM visits Myanmar

Indian Prime Minister Narendra Modi on September 5th arrived in Myanmar, beginning an official visit to the country for two days.

Singapore’s PMI hits 33-month high
Singapore’s PMI hits 33-month high

Singapore’s purchasing managers’ index (PMI), an early indicator of manufacturing activity, posted a reading of 51.5 points in August, the highest figure since November 2014, reported the Singapore Institute of Purchasing and Materials Management (SIPMM).

UN concerned about violence in western Myanmar
UN concerned about violence in western Myanmar

United Nations Secretary General Antonio Guterres has warned of a looming humanitarian catastrophe in western Myanmar due to recent violent conflicts in Rakhine state that forced 18,500 to evacuate to Bangladesh and left more than 100 dead.

Donald Trump visits hurricane-hit Texas
Donald Trump visits hurricane-hit Texas

On August 29th, US President Donald Trump and first lady Melania Trump arrived in Corpus Christi, Texas, to assess damage from Hurricane Harvey.

PM Theresa May visits Japan
PM Theresa May visits Japan

British Prime Minister Theresa May will arrive in Japan for her visit from August 30th - September 1st.

China appoints PLA Chief of Staff
China appoints PLA Chief of Staff

China has appointed General Li Zuocheng, 63, as the new Chief of Staff of the People’s Liberation Army (PLA), according to Defence Ministry.

Hurricane Harvey hits US
Hurricane Harvey hits US

Hurricane Harvey hit the US State of Texas with torrential rain and heavy winds, killing at least two persons.

APEC discusses development of Asia-Pacific Free Trade Area
APEC discusses development of Asia-Pacific Free Trade Area

The development of the Free Trade Area of the Asia-Pacific (FTAAP) and cooperation in trade facilitation between the Pacific Alliance (PA) and APEC member economies were the main focus of a workshop in Ho Chi Minh City on August 26th.

Eurasian Week forum opens in Astana
"Eurasian Week" forum opens in Astana

The "Eurasian Week" annual international exhibition forum, organized by the member countries of the Eurasian Economic Union (EAEU) and the Eurasian Economic Commission (EEC), has opened in the capital of Kazakhstan on August 24th.

Singapore and Turkey ratify FTA
Singapore and Turkey ratify FTA

Singapore and Turkey have ratified the Free Trade Agreement (FTA) on August 21st, hitting a new milestone in their relationship.

Australia, Singapore strengthen cooperative relations
Australia, Singapore strengthen cooperative relations

Three leading Australian Ministers including Foreign Minister Julie Bishop; Defence Minister Marise Payne and Trade, Tourism and Investment Minister Steven Ciobo have visited Singapore from August 21st - 22nd to attend a high-level bilateral dialogue.