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...
GMS opens a series of events on Discover GMS Asia s Natural Hub
GMS opens a series of events on "Discover GMS: Asia's Natural Hub"

(CPV) - ADB and the Greater Mekong Subregion (GMS) Working Group on Agriculture (WGA) opened a series of events on May 31st 2017 on the theme "Discover GMS: Asia's Natural Hub" during the Thaifex World of Food 2017 at Bangkok's Impact Exhibition Center from May 31st to June 4th 2017.

Thailand, US kick off CARAT 2017 joint military exercise
Thailand, US kick off CARAT 2017 joint military exercise

The Royal Thai Navy and the US Navy have kicked off the joint maritime exercise "Cooperation Afloat Readiness and Training" (CARAT 2017) in Chonburi province of Thailand in an effort to enhance the tactical proficiency of both nations’ armed forces.

23 killed due to heavy rains in India
23 killed due to heavy rains in India

At least 23 people were killed in separate incidents, including lightning strike and wall collapse, triggered by a severe squall in Bihar, India on May 30th.

Tonga strengthens its long-term economic growth prospects
Tonga strengthens its long-term economic growth prospects

(CPV) - ADB has approved a USD2.75 million loan and a USD2.25 million grant to help Tonga strengthen its long-term economic growth prospects as well as support and develop the country’s capacity to respond to external economic shocks.

Indian PM on visit to Europe
Indian PM on visit to Europe

Indian Prime Minister (PM) Narendra Modi has started a six-day tour of Europe, including Germany, Spain, Russia and France.

Mongolia increases the resilience of its forest ecosystems
Mongolia increases the resilience of its forest ecosystems

(CPV) - ADB and the Government of Mongolia kicked off a USD500,000 capacity development technical assistance project to increase the resilience of Mongolian forest ecosystems to climate change with an inception workshop on May 30th 2017.

Indonesia speeds up anti-terrorism bill revision
Indonesia speeds up anti-terrorism bill revision

Indonesian President Joko Widodo called for efforts of lawmakers to accelerate discussion for revision of the anti-terrorism bill, aiming to create an official legal framework for the country’s counter-terrorism activities.

HFC Bank supports up to USD4 million of trade annually in Fiji
HFC Bank supports up to USD4 million of trade annually in Fiji

(CPV) - ADB and the Home Finance Company Limited (HFC Bank) signed two trade finance agreements enabling ADB’s Trade Finance Program (TFP) on May 29th 2017 to support up to USD4 million of trade annually in Fiji. The agreements include a credit guarantee facility and a revolving credit facility.

Donald Trump visits Belgium
Donald Trump visits Belgium

On May 24th, US President Donald Trump and First Lady Melania Trump arrived in Brussels, Belgium, beginning their official visit.

Lao economy forecast to grow 7 percent annually
Lao economy forecast to grow 7 percent annually

The Lao economy is projected to grow around 7 percent annually between 2017 and 2019, according to the latest edition of the World Bank's Lao Economic Monitor released in Vientiane on May 24th.

Blast at concert in England
Blast at concert in England

Nineteen people have been killed and more than 50 injured in a suspected terror attack at Manchester Arena.