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Philippines: BSP pushes ASEAN cross-border payments

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) continues to push for multilateral cross-border payments connectivity in the region as countries recover from the impact of the pandemic. BSP Governor Felipe Medalla highlighted the importance of increasing public investment on IT infrastructure and involving private players in making the goal of multilateral cross-border payments connectivity […]

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Thailand: KBank sees weaker baht on Fed rate hikes

Kasikornbank (KBank) forecasts the baht will weaken more than previously projected because of the US Federal Reserve’s hawkish rate hikes. KBank revised its baht projection to 35 against the US dollar at the end of this year from a previous forecast of 33.50 baht to the dollar. The adjustment is based on the Fed’s tightening […]

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Vietnam: Gasoline prices fall for the third time in a row

With such decreases, petrol prices have moved close to the February price range. The retail prices of petrol and diesel products in Vietnam continued the downtrend with decreases of VND1,100-2,380 per liter from 15.00 today [July 21], marking the third consecutive decline since the beginning of July. Under the latest adjustment from the inter-ministerial team […]

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