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...
Pacific island countries to finance a series of renewable energy projects
Pacific island countries to finance a series of renewable energy projects

(CPV) ADB has approved a new Pacific Renewable Energy Investment Facility which will finance a series of renewable energy projects and sector reforms in the smallest 11 Pacific island countries consisting of the Cook Islands, the Federated States of Micronesia, Kiribati, Nauru, Palau, the Republic of Marshall Islands, Samoa, the Solomon Islands, Tonga, Tuvalu, and Vanuatu.

Cambodia announces results of communal elections
Cambodia announces results of communal elections

The ruling Cambodia People’s Party (CPP) took the lead while the opposition Cambodia National Rescue Party (CNRP) came second in the communal elections which took place on June 4th.

Pakistan implements major structural reforms and efficiency initiatives
Pakistan implements major structural reforms and efficiency initiatives

(CPV) - ADB and Pakistan signed a USD300 million loan on June 22nd 2017 to support Pakistan’s efforts to implement major structural reforms and efficiency initiatives to improve the performance, transparency, and financial sustainability of the country’s federal government-run public sector enterprises (PSEs).

APEC cooperation on sustainable and inclusive development promoted
APEC cooperation on sustainable and inclusive development promoted

(CPV) - The APEC High-Level Policy Dialogue on Sustainable Tourism was held on June 19th 2017 in Quang Ninh province. Under the APEC 2017 theme "Creating New Dynamism, Fostering a Shared Future”, the Dialogue focused on “Promoting Sustainable Tourism for an Inclusive and Interconnected Asia-Pacific”, with a view to further enhance APEC cooperation on sustainable and inclusive development.

RoK appoints first female Foreign Minister
RoK appoints first female Foreign Minister

President of the Republic of Korea (RoK) Moon Jae-in has appointed former United Nations policy adviser Kang Kying-wha as the country's first female Foreign Minister.

RoK enjoys trade surplus for 64 consecutive months
RoK enjoys trade surplus for 64 consecutive months

The Republic of Korea had enjoyed trade surplus for a 64-month streak in May spurred by strong exports on the global demand upturn, the country’s Customs Service announced on June 15th.

Thailand hopes to boost trade with EAEU
Thailand hopes to boost trade with EAEU

Thailand’s government hopes the transport connectivity initiative of China will boost trade and investment ties with and attract tourists from countries in the Eurasia Economic Union (EAEU).