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Cambodia: More trust companies take part in property market

Registered trust companies are being increasingly seen as the “new instrument” in the real estate market in Cambodia while the trust sector is still young and needs further promotion in terms of its potential and specific roles in the interaction between developers and foreign investors, officials said. Four firms and 34 individuals have been registered […]

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Philippines: Peso falls to nearly 17-year low

THE Philippine peso had its worst day in over 17 years, falling to P56 to the US dollar on Thursday. The local currency decreased 39 centavos from the P55.67 closing value of the previous day to end at $56.06:$1. It hasn’t been this soft since Sept. 27, 2005 when it closed at 56.29:$1. Nicholas Antonio Mapa, senior […]

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Vietnam: Alcohol consumption increasing at alarming rate

Alcohol use is increasing at an alarming rate in Vietnam, especially among young people, according to a conference held by the Ministry of Information and Communication in collaboration with the HealthBridge Organisation on July 5-6. The three main criteria affected are average consumption per capita converted to pure alcohol, the rate of alcohol use in […]

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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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