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...
Cambodia’s economy to accelerate in 2022 and 2023
Cambodia’s economy to accelerate in 2022 and 2023

(CPV) - Cambodia’s economy is forecast to grow 5.3% in 2022 and 6.5% in 2023, thanks to strong merchandise exports and foreign direct investment inflows, according to an Asian Development Bank (ADB) report released on early April.

Malaysia s total trade soars to new high in March
Malaysia's total trade soars to new high in March

Malaysia's total trade recorded a growth rate of 27.3 percent year-on-year last month to reach a new high of 236.6 billion RM (55.69 billion USD), the Department of Statistics Malaysia (DOSM) announced on April 18.

ASEAN, US to convene special summit in May
ASEAN, US to convene special summit in May

Cambodia, as the Chair of the Association of Southeast Asian Nations (ASEAN) in 2022, announced that the bloc and the US are set to convene a special summit to celebrate the 45th anniversary of their dialogue relations in Washington D.C., on May 12 and 13.

Indian economy to grow 7 5 in FY2022, 8 in FY2023
Indian economy to grow 7.5% in FY2022, 8% in FY2023

(CPV) - India’s economy will grow 7.5% in fiscal year (FY) 2022 and 8% in FY2023, supported by increased public investment in infrastructure and a pickup in private investment, the Asian Development Bank (ADB) forecasts.

Singapore s GDP expands by 3 4 percent in Q1
Singapore's GDP expands by 3.4 percent in Q1

Singapore's Ministry of Trade and Industry recently announced that the country's gross domestic product (GDP) grew by 3.4 percent year on year in the first quarter of 2022, moderating from the 6.1 percent growth in the previous quarter, reported Xinhua news agency.

Structural reforms key to accelerating growth in Pakistan
Structural reforms key to accelerating growth in Pakistan

(CPV) - After a strong economic rebound in fiscal year (FY) 2021, Pakistan’s economic growth is expected to moderate to 4% in FY2022 due to tighter fiscal and monetary policies before picking up again in FY2023, the Asian Development Bank (ADB) said in a report on early April 2022.

ASEAN, US partners launch ASEAN SME Academy 2 0
ASEAN, US partners launch ASEAN SME Academy 2.0

The Association of Southeast Asian Nations (ASEAN) in collaboration with the US-ASEAN Business Council (US-ABC) and the US Agency for International Development (USAID) on April 8 officially launched the ASEAN SME Academy 2.0, an upgraded version of an online learning platform.

Private sector development remains critical to Uzbekistan reforms
Private sector development remains critical to Uzbekistan reforms

(CPV) - Private sector development remains critical to ongoing reforms in Uzbekistan and the Asian Development Bank (ADB) will continue to help the country strengthen its private sector as it pursues inclusive and sustainable growth, ADB President Masatsugu Asakawa said in a meeting with President of Uzbekistan Shavkat Mirziyoyev in Tashkent on March 25th 2022.

Singapore issues e-pass to foreign visitors
Singapore issues e-pass to foreign visitors

Singapore has stopped stamping on passports on foreign visitors and, in replace, issued electronic visit passes (e-Passes) for them via email, according to the Immigration & Checkpoints Authority (ICA).

Malaysia to increase global market share of palm oil
Malaysia to increase global market share of palm oil

The Malaysian government will leverage on the escalating prices of crude palm oil (CPO) to increase the country’s market share of palm oil in the global market, Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin said.

China’s investment in Cambodia rose sharply in 2021
China’s investment in Cambodia rose sharply in 2021

Chinese investment in Cambodia increased remarkably last year, despite the negative impact of the COVID-19 pandemic, which reflected Chinese investors’ trust in the country’s business environment.

ADB invests in Tropical Asia Forest Fund 2 to promote sustainable forestry, enhance biodiversity
ADB invests in Tropical Asia Forest Fund 2 to promote sustainable forestry, enhance biodiversity

(CPV) - The Asian Development Bank (ADB) has signed a USD15 million equity investment in New Forest’s Tropical Asia Forest Fund 2 (TAFF2) L.P. in Manila, Philippines on March 3rd 2022 to support sustainable forestry practices in Southeast Asia and reduce logging in natural tropical forests by helping sustainably managed plantation companies to scale up their operations.