Banking & Insurance
ASEAN 5 welcomes Viet Nam central bank to RPC initiative
State Bank of Vietnam (SBV), the central bank of Viet Nam, has officially joined the Regional Payment Connectivity (RPC) initiative. This development is an expansion of the Memorandum of Understanding on Cooperation in Regional Payment Connectivity (MOU RPC) initiated by the central banks of Indonesia, Malaysia, Philippines, Singapore, and Thailand at the sidelines of the G20 Leaders’ Summit on 14 November 2022 in Bali.
Commerce Secretary Raimondo: Crucial US, China have stable economic relationship
U.S. Commerce Secretary Gina Raimondo opened talks with Chinese government officials on Monday saying it is "profoundly important" the world's two largest economies have a stable economic relationship.
India’s Lentra taps opportunities in SME lending
Lentra, an India-based digital lending cloud platform, has marked its foray into the ASEAN Region by setting up operations in the Philippines.
BSP coin exchange a success; collected coins since June 20 worth P47M
In a little over two months since the Bangko Sentral ng Pilipinas deployed coin deposit machines in various retail centers in Metro Manila, the value of coins collected since the program was launched on June 20 through August 24 has already reached P47 million.
Fed’s Powell: higher rates may be needed, will move ‘carefully’
The Federal Reserve may need to raise interest rates further to cool still-too-high inflation, Fed Chair Jerome Powell said on Friday, promising to move with care at upcoming meetings as he noted both progress made on easing price pressures as well as risks from the surprising strength of the U.S. economy.
