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 MoreThe 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 MoreHoteliers 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 MoreOvercoming Thailand to take the top spot in the world of rice exporting remains a tough task for Vietnam. Hai Lua Supermarket was one of the first establishments on the east coast of the United States to distribute ST25 rice from Vietnam early last year. This was also the first time that Vietnamese rice had […]
Read MoreTEMPO.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 MoreDIGITAL payments took a larger share of retail payments last year in both volume and value, the Bangko Sentral ng Pilipinas (BPS) reported on Wednesday. By volume, e-payments accounted for 30.2 percent of all transactions, up from 20.1 percent in 2020. In value terms, meanwhile, they comprised 44.1 percent from 26.8 percent previously. “The latest […]
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Thailand
