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Asian markets mostly head downwards on inflation concerns

AFP – Asian markets mostly fell yesterday following a soft lead from Wall Street, hit by profit-taking and lingering inflation worries. With bourses closed in Japan and China for holidays most of the week, traders were easing back from their recent buying frenzy while there are also concerns that the more than year-long rally may have […]

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Thailand: Ransomware targeting Asean SMEs drops

The global cybersecurity company Kaspersky has reported a significant decrease in the number of ransomware attempts it detected and foiled last year among small and medium enterprise (SME) users in Southeast Asia. The company monitored 804,513 ransomware events in 2020, down 58% from the 2019 total of 1.9 million, according to the latest Kaspersky Security […]

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Brunei GDP to grow 2.5pc this year, 3pc in 2022

Brunei Darussalam’s economy is expected to strengthen in 2021 and 2022 on an improving external environment with a gross domestic product (GDP) growth of 2.5 per cent this year and three per cent next year, according to the Asia Development Bank (ADB) flagship economic publication, Asian Development Outlook (ADO) 2021, released recently. Growth in 2021 […]

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Vietnam gov’t encourages foreign investment into banking sector

The Vietnamese government welcomes Sumitomo Mitsui Banking Corporation’s deal worth US$1.4 billion to acquire 49% stake at local consumer finance firm FE Credit. The Vietnamese government encourages foreign investment into local credit institutions in a bid to enhance efficiency and safety of the banking sector. Deputy Prime Minister Pham Binh Minh gave the remarks in […]

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