The Bank of Thailand has instructed all banks to make cybersecurity a priority, develop systems to tackle unauthorised access and offer compensation in the event of financial losses from a data breach. The central bank recently summoned board members of all banks to discuss the recent cyber-attack and requested that they draft important policies to protect […]
Read MoreAs President Joko “Jokowi” Widodo is running for a second term in 2019, he may be pinning his hopes on Indonesia’s consumers, who have become the country’s engine for economic growth in the second quarter this year. The country’s gross domestic product (GDP) expanded by 5.27 percent year-on-year (yoy) during the second quarter of 2018, […]
Read MorePETALING JAYA: Pundits have cautioned that Malaysia could become an unlikely victim of a full-blown trade war between the United States and China, taking a contrasting viewpoint from Prime Minister Tun Dr Mahathir Mohamad, who believes it will benefit the local economy. Worsening Sino-US trade tensions are expected to put more pressure on Malaysia’s already […]
Read MoreMANILA, Philippines — The peso gained 30 centavos yesterday to break the 53 to $1 level, ahead of the much anticipated third rate hike by the Bangko Sentral ng Pilipinas (BSP) on Thursday to curb rising inflationary pressures. The local currency closed at 52.85 yesterday from Friday’s 53.15, opening stronger at 51.1 and hitting an […]
Read MoreCambodia’s global logistics performance ranking dropped 25 spots to 98th this year after achieving a commendable 73rd in 2016, the World Bank’s Logistics Performance Index (LPI) said, but local experts questioned the lack of clarity on the ranking slip. Among the Asean nations, Cambodia ranked 9th behind Lao PDR with Myanmar in the tenth position. […]
Read MoreSINGAPORE banks are bracing for a slowdown in the home loan space in the coming years given the latest property cooling measures, but note that most of the current mortgage book should stay intact for the rest of this year. The chill over the property market comes alongside a new form of “cold war” amid […]
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Thailand
