phil03
Read More

Philippines: BSP to raise rates by 50 bps – Medalla

THE Bangko Sentral ng Pilipinas (BSP) will aggressively raise its benchmark interest rates by 50 basis points (bps) in August, Governor Felipe Medalla announced on Thursday. “[T]he BSP is prepared to be more aggressive in raising its policy rate, compared to its initial gradualist stance. In particular, BSP is prepared to raise its policy rate by 50 […]

Read More
phnom-penh-port-750x440
Read More

Cambodia 2022 first half customs income at $1.2 billion

The General Department of Customs and Excise earned $1,293 million in customs income in the first half of this year, representing 50.1 percent of the financial plan for 2022. Its director-general Khun Nhim mentioned the figures at a press conference on the result of tax collection from illegal imported and right-hand drive vehicles on Thursday. […]

Read More
th05
Read More

Thailand: Hoteliers deride government proposal for dual pricing

Hoteliers have expressed concerns about the government’s plan to set dual pricing for foreign tourists and locals, saying the move is “impractical” and demanding the administration roll out effective promotions to spur tourism sentiment in an effort to increase room rates. The idea of dual pricing is impractical as room rates shift dynamically based on […]

Read More
1071990_720
Read More

QRIS Payment Service to Be Available in 4 ASEAN Countries

TEMPO.CO, Jakarta – Indonesia’s quick response code payment service dubbed QRIS will be available in four ASEAN countries. Bank Indonesia (BI) in tandem with the central banks of Thailand, Malaysia, Singapore, and the Philippines will realize cross-border payments with QRIS, open API (application payment interface), and Fast Payment by implementing the local currency settlement (LCS). Head of the […]

Read More