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...
Indonesia, France look to beef up strategic partnership
Indonesia, France look to beef up strategic partnership

An action plan to deepen strategic partnership between Indonesia and France in the 2022-2027 period was signed within the framework of French Foreign Minister Jean Yves Le Drian’s visit to Indonesia on November 24.

Thailand suggests potential field for Asia-Europe cooperation
Thailand suggests potential field for Asia-Europe cooperation

Thai Prime Minister Prayut Chan-o-cha has emphasised that the 13th Asia-Europe Meeting (ASEM) Summit (ASEM 13) was a good opportunity for European and Asian leaders to have dialogue in order to find common solutions to current global issues like COVID-19 and climate change.

ADB announces support for task force on climate-related financial disclosures
ADB announces support for task force on climate-related financial disclosures

(CPV) - The Asian Development Bank (ADB) has declared its support for the Task Force on Climate-Related Financial Disclosures (TCFD), reaffirming its commitment to building a more resilient financial system, increasing transparency, and safeguarding against risks from climate change through enhanced disclosure.

Infflation concerns push up emerging East Asia bond yields
Infflation concerns push up emerging East Asia bond yields

(CPV) - Emerging East Asia’s bond market grew 3.4% in the third quarter to $21.7 trillion, although rising global inflation and a shift in the United States (US) monetary stance weakened regional financial conditions, according to the latest issue of the Asia Bond Monitor.

Efforts made to strengthen ASEAN-China relations
Efforts made to strengthen ASEAN-China relations

Prime Minister Pham Minh Chinh will attend the ASEAN-China Special Summit commemorating the 30th year of the ASEAN-China Dialogue Relations, which will be held virtually on November 22, at the invitation of Chinese President Xi Jinping.

ASEM Food Court opens on RoK’s Jeju island
ASEM Food Court opens on RoK’s Jeju island

The ASEM Food Court opened on the Republic of Korea’s Jeju island on November 11, as a venue for international cultural exchanges gathering the attendance of foreign embassies of Southeast Asian and European nations.

Malaysia, Indonesia share common stance on East Sea issue
Malaysia, Indonesia share common stance on East Sea issue

Malaysian Prime Minister Ismail Sabri Yaakob has said his country and Indonesia share the view that the East Sea (internationally called the South China Sea) issue must be resolved through the diplomatic channel with respect for international law.

Singapore launches national AI programme in finance
Singapore launches national AI programme in finance

Singapore's Deputy Prime Minister Heng Swee Keat announced on November 8 the launch of the National Artificial Intelligence (AI) Programme in Finance at the Singapore FinTech Festival (SFF) and Singapore Week of Innovation and Technology (SWITCH) 2021.

Partners pledge USD665 million to support green recovery in ASEAN
Partners pledge USD665 million to support green recovery in ASEAN

(CPV) - Four partners have collectively pledged $665 million toward a platform managed by the Asian Development Bank (ADB) that aims to mobilize an additional USD7 billion for low-carbon and climate-resilient infrastructure projects in Southeast Asia and accelerate the region’s recovery from the coronavirus disease (COVID-19).

Seminar sheds light on Russia – ASEAN cooperation in Asia-Pacific
Seminar sheds light on Russia – ASEAN cooperation in Asia-Pacific

A seminar on Russia and ASEAN in Asia-Pacific: dynamics of cooperation, regional processes and global context was held in Moscow on October 15 to mark the occasion of the 25th anniversary of Russia-ASEAN dialogue relations and the 30th anniversary of their diplomatic ties.

Thailand s fruit exports increase sharply
Thailand's fruit exports increase sharply

Thailand's fruit export between January and August this year generated 169 billion THB (about 5 billion USD), an increase of 46 percent year-on-year, according to the Thai Ministry of Commerce.

Eighth ASEAN Ministerial Meeting on Minerals wraps up
Eighth ASEAN Ministerial Meeting on Minerals wraps up

The 8th ASEAN Ministerial Meeting on Minerals (AMMin 8), which took place in form of teleconference, concluded on October 8, issuing a joint statement on the ASEAN Minerals Cooperation Action Plan (AMCAP).

Singapore, US seal deal to implement growth and innovation partnership
Singapore, US seal deal to implement growth and innovation partnership

Singapore and the US have signed an agreement to implement the US-Singapore Partnership for Growth and Innovation in order to strengthen collaboration on trade and investment between the two countries, the Singaporean Ministry of Trade and Industry (MTI) said in a news release on October 8.

Malaysia protests China’s violation of waters
Malaysia protests China’s violation of waters

The Malaysian Ministry of Foreign Affairs has called in Ambassador of China Ouyang Yujing to convey Malaysia’s position and protest against the presence and activities of Chinese vessels in its waters.

ASEAN – China Young Leaders’ Summit 2021
ASEAN – China Young Leaders’ Summit 2021

The ASEAN-China Young Leaders’ Summit 2021 has been held by the ASEAN Foundation, in collaboration with the Institute of Area Studies at Beijing University, with the support of the Chinese Mission to ASEAN and ASEAN-China Cooperation Fund (ACCF).

ASEAN-EU to resume free trade deal negotiations
ASEAN-EU to resume free trade deal negotiations

The Association of Southeast Asian Nations (ASEAN) is set to resume free trade agreement (FTA) talks with the European Union after negotiations were suspended since 2009, the Bangkok Post reported.

RoK considers joining CPTPP
RoK considers joining CPTPP

The Trade Ministry of the Republic of Korea (RoK) on September 30 said that it is reviewing joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in line with its goal to play a leading role in trade in the region.

CPTPP member states discuss UK’s entry
CPTPP member states discuss UK’s entry

Expert groups of 11 members states of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) convened their first meeting via videoconference on September 28 to discuss the UK’s entry to the pact.

COVID-19 resurgence dampens investor sentiment in emerging East Asia
COVID-19 resurgence dampens investor sentiment in emerging East Asia

(CPV) - The coronavirus disease (COVID-19) pandemic’s resurgence in recent months has dampened investor sentiment in emerging East Asia even as accommodative policy stances have kept financial conditions stable, according to the latest issue of the Asian Development Bank’s (ADB) Asia Bond Monitor.