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Cambodia: NBC plans KHQR cross-border payment system

The National Bank of Cambodia in collaboration with the Association of Banks in Cambodia and other stakeholders has launched a prakas (official proclamation) on the implementation of the QR code Technical Quantitative Model to provide the basis for organising KHQ Coordinates for domestic payments in a secure and orderly manner and to contribute to the cross-institutional operation […]

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Thailand leads in e-shop phishing

More than 55% of phishing attempts in Thailand are finance-related, while the proportion of such attacks using fake e-shops in the country tops Southeast Asia, according to Russia-based cybersecurity firm Kaspersky. “Phishing attempts are the most popular among scammers because they use social engineering to lure users,” said Benjamas Chuthapiphat, territory manager for Thailand at […]

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MUFG maintains 6.5% growth projection for Philippines

IN light of the slower expansion anticipated in the second half of this year, MUFG Bank Ltd. maintained its 2022 economic growth projection for the Philippines at 6.5 percent, the lower end of the government’s adjusted target. In a report released on Wednesday night, it noted that the Philippines’ real gross domestic product (GDP) growth in the first […]

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Cambodia: Price spikes since March push 71m into poverty: UN

AFP – Soaring global food and energy prices have forced 71 million people into poverty in the world’s poorest countries, according to a United Nations Development Program report published Thursday. The rise in the developing world’s poverty rates over the past three months “is drastically faster than the shock of the COVID-19 pandemic,” said the UNDP […]

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Thailand: Consumer confidence on the rise

Consumer confidence picked up for the first time in six months in June, boosted by emerging signs of an economic recovery following the continued easing of Covid-19 control measures and improved business activities. The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index rose to 41.6 in June from […]

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