On 12 May, 2017 a new variant of the Ransom.CryptXXX family (Detected as Ransom.Wannacry) of ransomware began spreading widely impacting a large number of organizations, particularly in Europe. It has now been detected in over 100 countries, including Asian countries such as Singapore.
Global growth will accelerate in 2018, with more stable and predictable economic recovery amid growing global political uncertainties and frictions, according to Deutsche Asset Management, a division of the Deutsch Bank Group.
The U.S. Federal Reserve’s December meeting minutes revealed two main concerns: a faster growth due to a large fiscal stimulus under the new US President Donald Trump’s rule and a stronger US dollar, which could weigh on inflation.
Asia Pacific economies that are most reliant on exports of high-value-added goods and services to the U.S., which would offer greatest onshoring potential, are the most vulnerable to a potential shift in the trade policies of the world’s largest economy, according to the Inside ASEAN report published by Moody’s.
A strengthening labor market and expectations of higher inflation have led to the U.S. Federal Reserve raising its benchmark rate by a modest quarter-point to a still-low range of 0.5 per cent to 0.75 per cent.
Should the US withdraw from Trans-Pacific Partnership (TPP) agreement, it will effectively mean that the agreement cannot enter into force, according to Dato’ Sri Mustapa Mohamed, Malaysia’s Minister of International Trade and Industry.