Sep 13, 2025

I recently came across a new book titled “Scam,” which explores the world of cybercrime compounds in Southeast Asia and the global battle against scam networks. The book reveals the growth of these networks in the region and the challenges faced by countries like Timor-Leste as they prepare to join ASEAN in 2025. It highlights the alarming spread of giant scam centers in Southeast Asia, impacting victims from over a third of the world’s countries.

Authored by Ivan Franceschini, Ling Li, and Mark Bo, “Scam” delves into the evolution of cybercrime in Southeast Asia since the 1990s and its global implications. Through survivor interviews and data analysis, the book provides a comprehensive look at the secretive industry rooted in the region. The authors stress the importance of transnational responses to effectively combat this crisis.

The book also addresses future policy pathways and geopolitical implications related to global scam networks in Southeast Asia. It predicts potential impacts on the current bull market, such as a weakening economy and AI euphoria. Factors like a deteriorating labor market, a shaky housing market in the U.S., and possible slowdowns in consumer spending could influence the stock market.

In other news, there is information about TikTok’s impending deadline for sale or ban, which President Trump is expected to extend once again. Despite concerns over national security risks posed by TikTok, Congress has been relatively quiet on the issue. This situation underscores the complexities of regulating tech companies with international ownership in a globalized world.

Lastly, there were various funding updates in the financial world. From satellite bus manufacturers to women’s health practices and AI factories, several companies secured significant funding rounds. Additionally, private equity deals and IPOs involving sustainability consultancies, crypto exchanges, and transportation solution providers were notable in recent financial news.

Stay Well!