Economy & Resources

Across Southeast Asia, thousands of people have been trapped in high-tech scam compounds that target victims worldwide. Globally, scams cost over $1 trillion in 2024 alone.   These operations, often run by criminal networks with ties across borders, have left families desperate and governments racing to respond. The region is now under international pressure to act decisively.   No Single Story Behind the Returns On November 12, 34...

The 1Malaysia Development Berhad (1MDB) scandal shocked the world. Over RM 20.1 billion ($4.5 billion) meant for Malaysia’s development ended up funding a life of luxury and Hollywood excess.   At the center was Jho Low, the flamboyant Malaysian financier who partied with Paris Hilton in Saint-Tropez and allegedly bought $7 million in jewelry for model Miranda Kerr—all with money stolen from the Malaysian people.   Fast ...

The Philippines has taken a major step in its anti-corruption campaign after filing the first criminal case linked to the flood control project scandal on November 18. Officials say this marks the start of stronger action to restore public trust.   The case follows a full review of flood control projects ordered by President Ferdinand Marcos Jr. in July 2025. The investigation has already led to resignations and leadership changes in Congr...

  Piracy is becoming a problem in Southeast Asia, one of the busiest shipping areas in the world. The International Maritime Bureau says pirate attacks in Asia increased by 35% in 2024. These attacks hurt not just ships and their crews, but the global economy too.   Malacca Strait: A Key Target One of the most important places being targeted by pirates is the Malacca Strait, located between Sumatra and the Malay Peninsula. It is a n...

The Presidential Palace of the Philippines, known as the Malacañang, is trying to calm public concern after rumors spread that the entire Cabinet is under investigation for alleged corruption in flood control projects.   Palace officials insist there is no internal probe underway and that the Independent Commission for Infrastructure (ICI) is already leading the investigation. Still, speculation is running high because several Cabin...