Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

Australia’s Telstra reveals data breach two weeks after attack on Optus

SYDNEY – Australia’s largest telecoms firm Telstra said on Tuesday it had suffered what it called a small data breach, a disclosure that comes two weeks after main rival Optus was left reeling by a massive cyber attack. Telstra, which has 18.8 million customer accounts, equivalent to three-quarters of Australia’s population, said an intrusion of a […]

Crypto needs more rules and better enforcement, US regulators warn

NEW YORK – A US federal panel responsible for monitoring financial system risks sounded a warning on Monday about cryptocurrency markets, saying that the widespread adoption of digital assets poses risks if the market continues to grow without better oversight and enforcement. It is the first major report on cryptocurrencies by the Financial Stability Oversight Council, […]

Building resilience: How nurturing local talent and tapping tech go hand in hand

Persistent inflation, a slowing global economy and geopolitical tensions – these are some of the ongoing challenges that Singapore faces, said Trade and Industry Minister Gan Kim Yong at the Ministry of Trade and Industry (MTI) Economic Dialogue last month. How can businesses in Singapore stay resilient amid such economic headwinds? The answer could be found […]

Singtel says media reports on potential hefty costs from Optus cyber attack ‘speculative’

SINGAPORE – Singtel said on Monday that media reports citing potential fines or costs from the massive cyber breach that affected nearly 10 million accounts of its Australian unit Optus are “speculative” and the company is still making its own assessment. “Singtel is continuing to evaluate the potential financial implications arising from this matter and […]

G20 Sherpa committed to address global solutions

JAKARTA, Oct 1, 2022 – (ACN Newswire via – The third G20 Sherpa meeting in Yogyakarta has concluded with G20 member countries agreeing to seek solutions to myriad global problems. The 3rd Sherpa Meeting G20 Indonesia delegations travel around Borobudur Temple in Magelang, Central Java, Indonesia, Tuesday (29/9). (ANTARA PHOTO/Andreas Fitri Atmoko/POOL/rwa/FR) “During this […]

Sea’s Shopee faces boycott calls in Philippines over brand ambassador

SINGAPORE – Sea Limited’s e-commerce business Shopee faces boycott calls from Philippine consumers after naming a staunch supporter of President Ferdinand Marcos Jr as its brand ambassador. Shopee announced on Thursday that Filipina actress and singer Toni Gonzaga, who hosted campaign rallies for Mr Marcos, was its new brand ambassador. This led to calls on social […]

Singtel’s Optus to pay for new Australian passports for those affected by giant data hack

SYDNEY – Singtel’s Optus will pay to replace passports of Australians caught up in a major cyber attack that saw the telco lose the personal information of millions of current and former customers. Prime Minister Anthony Albanese confirmed that Optus would cough up after demands from the federal government. “Optus has responded to the request that I […]

China factory activity continues to struggle on Covid-19 curbs, property woes

BEIJING – China’s factory activity continued to struggle in September while services slowed, as the country’s economic recovery was challenged by lockdowns in major cities and an ongoing property market downturn. The official manufacturing purchasing managers’ index rose to 50.1 from 49.4 in August, according to a statement from the National Bureau of Statistics (NBS) on […]