SINGAPORE: Singapore’s economic growth eased in the second quarter and missed forecasts, preliminary data showed on Friday, as manufacturing activity cooled and worsening U.S.-China trade tensions clouded the outlook for the trade-reliant city-state. Gross domestic product grew 1.0 percent in the second quarter from the previous three months on an annualised and seasonally adjusted basis, […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is urging correspondent banks to embrace innovation and rethink strategies as the rapid evolution of digital technology continued to revolutionize financial product and banking service delivery. In his keynote address at the annual convention of the Association of Philippine Correspondent Bank Officers, BSP Governor Nestor Espenilla […]
Read MoreKUALA LUMPUR: Malaysia faces the possibility of incurring US$12.2 billion (about RM49 billion) in economic losses, which is 4% of its Gross Domestic Product (GDP) of US$296 billion, due to cybersecurity incidents. Based on a study by Microsoft and US consulting firm Frost & Sullivan, a large organisation in the country could incur losses of […]
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Thailand
