vn04
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Vietnam: Local fuel prices inch down

Domestic fuel prices fell by VND450-950 per liter or kilogram starting from 3 p.m August 1, according to an announcement jointly issued by the ministries of Industry-Trade and Finance. The RON95-III gasoline now sells for VND25,600 per liter, down by VND470, while bio-fuel E5 RON92 fell by VND450 to VND24,620 per liter. Diesel oil now […]

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phil01
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Rate hikes favorable for Philippine banks, says Fitch

MANILA, Philippines — The current monetary policy tightening cycle in Asia-Pacific is favorable for Philippine banks, but is not expected to result in a significant decline in credit growth and asset quality, according to Fitch Ratings. In a report, the debt watcher said the rising interest rates would be mildly favorable and would have revenue […]

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indo01
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Indonesia blocks PayPal and Yahoo over new regulations

Yahoo, PayPal, and several gaming websites have been blocked by Indonesia for failing to comply with new regulations, according to Reuters. The new licensing rules required tech firms to register as of November 2020 and allows authorities to access platform user data. It also lets them take down content seen as unlawful – or that “disturbs public […]

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sin01
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Inflation in Singapore hits households hard

SINGAPORE: The global inflation wave that has crashed onto Singapore’s shores is hitting households harder as they pile up more expenses while incomes aren’t keeping up. That’s the conclusion of DBS Bank analysts, who dissected data from 1.2 million retail customers, anonymous and aggregated, to understand the impact and implications of soaring price growth in […]

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