Asian Bank Stocks Slump

Asian Bank Stocks Slump

Shares of banks in Asia slumped on Monday after the collapse of a U.S. startup-focused bank. The U.S. administration announced on Sunday a series of emergency measures to shore up confidence in the banking system following the failure of Silicon Valley Bank...
Laos Hit by Record-High Inflation

Laos Hit by Record-High Inflation

The year-on-year inflation in Laos soared to 41.3% in February, up from 40.3% in January, according to the latest report from the Lao Statistics Bureau. The 23-year record high has had a severe impact on the country’s economy over the past year. The depreciation...