British Airways – 380,000 card payments ‘compromised’
Shares of British Airways’ parent company IAG fell around 4% as markets opened on Friday morning, hours after the airline said the credit card information of at least 380,000 customers had been “compromised” in a data theft. The airline said people using BA.com and its mobile app for flight bookings were targeted by hackers between…
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Wan Wei Han
China’s ‘Silk Road’ project runs into debt jam
CHINA’S massive and expanding “Belt and Road” trade infrastructure project is running into speed bumps as some countries begin to grumble about being buried under Chinese debt. First announced in 2013 by President Xi Jinping, the initiative also known as the “new Silk Road” envisions the construction of railways, roads and ports across the globe,…
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Wan Wei Han
Corporate Culture goes beyond that of the CEO
Stories of corporate culture gone off the rails have become a regular feature in the headlines. From rampant sexism and bullying, falsifying of critical safety records, to underhand tactics against competitors and outright fraud, breakdowns in standards of governance inevitably lead to demands for strong action to be taken. But while companies, governments and regulators…
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Wan Wei Han
Singapore health system hit by ‘serious breach of data’
A total of 1.5 million SingHealth patients’ non-medical personal data were stolen, while 160,000 of those had their dispensed medicines’ records taken too, according to MCI and MOH. This latest incident draws similarity to the NHS hacking incident which occurred in the UK in 2017, during the WannaCry incident. SINGAPORE: The “most serious breach of…
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Wan Wei Han
Asia Economic Outlook: July 2018
As we moved into the third quarter of 2018 there is cheer in most countries’ GDP -many recording constant GDP and growth. China the 2nd largest economy in the world and the big brother of Asia recorded a 6.9% growth in 2017. The GDP translated to almost US$13trillion and is forecasted to grow to US$13.3…
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