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US and UK sanction Southeast Asia scam network tied to human trafficking and online fraud

Key Takeaways The UK and US governments have imposed coordinated sanctions on a Southeast Asia–based criminal network involved in large-scale online scams. Prince Group, a Cambodian conglomerate, was sanctioned for alleged scam-related activities. Share this article The US and UK today imposed coordinated sanctions targeting a Southeast Asia–based network involved in large-scale online scams, including … Read more

Tan Su Shan, CEO of Southeast Asia’s largest bank, is Fortune’s most powerful woman in Asia for 2025

Asia’s most powerful woman in business this year is DBS CEO Tan Su Shan, who assumed the top role at Southeast Asia’s largest bank in March. Since taking the helm, she’s had to steer the bank through a revived trade war and the return of alternative financial products like cryptocurrencies.  “I’ve told colleagues, ‘This is … Read more

US Treasury Cracks Down on $10B Southeast Asia Scam Networks

The US Treasury is going after cyber scam operations in Southeast Asia that have quietly drained over $10 billion from Americans. In its latest move, it announced sanctions on 19 different entities tied to these scams, nine in Myanmar and ten in Cambodia. The focus is on schemes known as “pig butchering,” where victims are … Read more

Capstone Holding Corp. Explodes 70% on Southeast Expansion Deal – A Wake-Up Call for Smart Traders!

Hey folks, if you’re scanning the markets this morning looking for that one stock that’s lighting up the ticker like a Fourth of July fireworks show, you’ve got to check out Capstone Holding Corp. (NASDAQ: CAPS). As of this writing, shares are surging a whopping 70%, trading around $1.87 after popping from yesterday’s close. What’s … Read more

Southeast Asia’s ‘incredibly dynamic’ Islamic finance market is drawing in non-Islamic players

Over 280 million Southeast Asians, about 40% of the region’s population, identify as Muslim. That’s spawned demand for goods and services that cater to a more Islamic lifestyle. It’s more than just halal food: Muslim consumers also demand more modest fashion or cosmetics that don’t use pig-derived products or alcohol.  Even Southeast Asia’s finance sector … Read more

Southeast Asia’s cities are at ‘high risk’ of flooding and heatwaves, thanks to climate change

In recent weeks, there have been viral images from the Philippines show couples exchanging wedding vows in flooded churches after Tropical Storm Wipha made landfall in late-July. The storm swept through southern China and central Vietnam, with heavy rain causing flooding in both locations.  Vietnam and the Philippines are used to periods of intense rain, … Read more

Southeast Asia’s venture investors are excited about AI—but less excited about the region

Asia editor Nick Gordon here, filling in for Allie Garfinkle. The future of AI is in Asia. At least, that’s the message you’d have gotten at our Fortune Brainstorm AI Singapore conference, which wrapped up in the Southeast Asian city last week. We covered AI’s impact on just about everything: health care, banking, agriculture, video gaming, … Read more

Why is Bitcoin down today? ETF outflows, profit-taking pressure, and rising geopolitical tensions in Southeast Asia

Key Takeaways US-listed Bitcoin ETFs saw over $285 million in weekly net outflows as Bitcoin prices declined. Escalating geopolitical tensions between Thailand and Cambodia contributed to investor uncertainty. Share this article Bitcoin dropped to $117,100 during the Asian trading session on Thursday amid rising geopolitical tensions in Southeast Asia, continued outflows from US spot ETFs, … Read more

The CEO of Southeast Asia’s largest bank knows even her job is at risk from AI

Programmers, creatives, even management consultants are worried AI is going to put them out of a job. But it turns out global banking CEOs are thinking about whether they can be automated away as well. Tan Su Shan, CEO of DBS, the largest bank in Southeast Asia by assets, got a friendly reminder from her … Read more

WHO’s south-east Asia head ‘on leave’ after Bangladesh corruption allegations

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The World Health Organization has announced that the chief of its south-east Asia regional agency is “on leave” following accusations of fraud, and it has taken the unusual step of appointing a senior official from … Read more

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