KUALA LUMPUR: Bank Negara is developing a financial threat intelligence platform with the financial industry to fortify the country’s strength in countering cyber threats. The platform, which is expected to be up and running by year-end, will collate, analyse and disseminate real-time information and trends to strengthen the detective capabilities of the industry against cyber […]
Read MoreTHE three largest banks by assets in Singapore will be able to defend their market share against fintech competitors, despite the rapidly growing threats to their bank business from these companies, Moody’s Investors Service said in a report on Monday. This is partly because DBS Bank, OCBC Bank and United Overseas Bank (UOB) have abundant […]
Read MoreMANILA, Philippines — Remittance growth slowed last April, but remained above the target set by the Bangko Sentral ng Pilipinas (BSP). BSP Governor Benjamin Diokno said personal remittances inched up by 3.7 percent to $2.71 billion in April from $2.62 billion in the same month last year. This was slower than the 6.4 percent growth […]
Read MoreThai brands are gaining a foothold in Malaysia’s thriving retail sector with the help of a newly established platform developed by compatriot Central Pattana (CPN). The grand opening of the 8.5-billion-baht Central i-City in Selangor last week offered Thai firms easy access to the Malaysian market, where their presence so far has been limited. Restaurant chains […]
Read MoreSMALL businesses in the Asia-Pacific, facing a capital crunch, are turning to new funding sources, according to Economist Intelligence Unit (EIU) research commissioned by Mastercard. The growth of alternative finance points to “untapped market opportunities and more growth and change in financial markets ahead”, it added. In fact, financial technology (fintech) investments in South-east Asia […]
Read MoreMANILA, Philippines — Local vehicle assemblers see the road to recovery getting clearer despite nearly flat sales in the first five months of the year. The joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) released yesterday showed combined sales reached 142,185 units as of […]
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