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Archives for August 2025

Aug 14 2025

Thailand Confronts a Growing Scam Epidemic

(14 August 2025) – Thailand is grappling with an unprecedented surge in scams, as revealed in the State of Scams in Thailand 2025 report, jointly published by the Global Anti-Scam Alliance (GASA), ScamAdviser, and Whoscall. Over the past year alone, financial losses from scams have reached a staggering ฿115.3 billion (approximately $3.2 billion).

The nationally representative survey highlights several alarming trends:

  • Scam exposure is widespread, with 72% of adults facing scam attempts regularly—averaging 172 incidents annually, or nearly one every other day.
  • 60% of respondents have fallen victim to scams, and 14% have suffered financial losses.
  • Investment scams top the list, affecting 66% of victims, followed by shopping scams (63%) and job-related scams (53%).
  • Children are increasingly targeted, with 27% of parents reporting scam attempts directed at their children aged 7 to 17.
  • Reporting yields limited recovery, as 74% of victims notify payment platforms, yet only 29% manage to reclaim any funds. Meanwhile, 44% report experiencing severe stress.
  • Scammers rely heavily on direct messaging, with phone calls (68%) and SMS (56%) being the most common channels. Popular platforms like Facebook, Gmail, and TikTok also serve as frequent points of contact.

The report urges a unified response from both government and private sectors to enhance support for victims, streamline reporting mechanisms, and deploy preventive measures that intercept scams before damage occurs.

To view the report, visit https://www.gasa.org/research.

Written by hanimoto · Categorized: Members

Aug 07 2025

Hong Kong and Malaysia Forge Strategic Alliance to Boost Cross-Border E-Commerce

(7 August 2025) – The Hong Kong Federation of Electronic Commerce (HKFEC) and the Malaysia Cross Border E-Commerce Association (MCBEA) have entered into a strategic partnership to deepen commercial and trade cooperation between Hong Kong and Malaysia. This collaboration was officially established through a Memorandum of Understanding (MoU) signed on July 23, 2025.

Through this agreement, both organizations will work together across several key initiatives:

  • Enhancing cross-border trade and business networking opportunities
  • Hosting exhibitions, forums, and trade delegations to showcase innovative commerce models
  • Co-developing educational resources such as seminars, training sessions, and joint publications
  • Facilitating member-to-member business matching and sharing market intelligence
Joseph Yuen (right) and Dato Danny Tan Eng Ching (left) at the MoU signing for a strategic partnership

Joseph Yuen, Chairman of HKFEC, commented, “Partnering with MCBEA opens exciting avenues for cross-border e-commerce. This alliance not only reinforces economic connectivity between our regions but also empowers our members to scale their businesses across Asia.”

MCBEA President Dato Danny Tan Eng Ching added, “Joining forces with HKFEC marks a pivotal moment for MCBEA. Together, we aim to build a more unified and thriving e-commerce landscape between Malaysia and Hong Kong.”

About HKFEC
The Hong Kong Federation of Electronic Commerce is a prominent organization dedicated to advancing e-commerce in Hong Kong. It offers a collaborative platform for businesses to connect, exchange insights, and explore digital growth opportunities.

About MCBEA
Established in 2019, the Malaysia Cross Border E-Commerce Association is a national non-profit committed to enhancing trade competitiveness through digital channels. MCBEA supports cross-border commerce by partnering with government bodies, industry leaders, and regional associations, while providing its members with resources in education, talent development, networking, exhibitions, and business matchmaking.

For more details, visit https://hkfec.org/highlight/mcbea_partnership/.

Written by hanimoto · Categorized: Members

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