logo
Read More

Laos sees highest inflation rise in 11 months

Vientiane (VNA) – The year-on-year inflation rate of Laos rose to 4.7 percent in July, highest level recorded since August last year, reported the Lao Statistics Bureau. Fluctuating currency exchange rates are considered to be one of the main drivers of inflation in Laos. Strong demand for foreign currencies, notably the Thai baht and US dollar, means that businesses often rely […]

Read More
phil03
Read More

Philippines: Banks want stiffer sanctions vs cybercriminals

MANILA, Philippines — Banks are pushing for stiffer sanctions against cybercriminals amid the sharp increase in online fraud as more Filipinos embrace digitalization due to mobility restrictions brought about by the pandemic. Jose Arnulfo “Wick” Veloso, president of the Bankers Association of the Philippines (BAP), said the banking sector is urging Congress to pass House […]

Read More
4070191
Read More

Thailand: NESDC sounds the alarm on jobs losses

The government is being urged to step up the introduction of more effective and intensive assistance measures to help maintain employment and create jobs for new graduates, as the fresh Covid-19 outbreak has had a drastic impact on workers. Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), said prolonged infections, the […]

Read More
phil02
Read More

Digital fraud attempts from Philippines down 59%

MANILA, Philippines — Suspected digital fraud attempts originating from the Philippines dropped by 59 percent in the second quarter from a year ago, but businesses need to remain vigilant and take steps to build consumer confidence in transactions, information and insights firm TransUnion said. TransUnion said its latest study showed the Philippines bucked the trend […]

Read More