ASEAN Foundation supported by US$5 mil Google.org funding to combat rising scams in Singapore and ASEAN

In 2023, scam-related losses in Singapore reached at least US$507 million (RM2 billion), with 46, 563 reported cases a 46. 8% increase from the previous year, according to the sentencing advisory panel of Singapore. In response to this escalating threat, the ASEAN Foundation has announced a new regional anti-scam initiative at the Global Anti-Scam Summit (GASS) Asia 2025 in Singapore. With US$5 million (RM23 million) in funding support from Google. org, the ASEAN Foundation aims to strengthen community resilience against scams in partnership with local implementing partners across all ten ASEAN member states, including Singapore and Timor-Leste. [RM1 = US$0. 22] The announcement comes at a pivotal moment. With Malaysias ASEAN chairmanship 2025 placing strong emphasis on enhancing regional digital resilience, and the ASEAN Community Vision 2025 highlighting the need for a secure, people-centred digital future, this initiative stands as a powerful example of collaboration for the public good. \While the situation remains concerning, Singapore has implemented various measures to combat scams. These include the formation of the anti-scam command (ASCom), the launch of the ScamShield app, and the introduction of a shared liability framework with financial and telecommunications companies. Additionally, the government has enacted laws allowing police to freeze bank accounts to prevent further financial losses in scam cases. Scams dont just steal money they steal trust, dignity, and opportunity, said Dr Piti Srisangnam, executive director of the ASEAN Foundation. Through this programme, we aim to empower communities across ASEAN and Timor-Leste with the knowledge, tools, and confidence to outsmart scammers. This is not just about prevention; its about protecting the very fabric of our societies in the digital era. The new anti-scam initiative directly addresses the urgent need for a coordinated approach to a borderless problem, focusing on awareness, education and empowerment. The programme will expand access to scam prevention resources for over 3 million people across the region, including Be Scam Ready, an educational game developed by Google to build critical scam-spotting skills based on inoculation theory. A core part of this effort includes in-depth training for 550, 000 individuals, delivered by a 2, 000-strong network of master trainers, to mobilise youth, parents, educators, and elderly citizens to become the first line of defence against online scams. Scams are a critical challenge across Southeast Asia, where the region has faced significant financial losses. This is why we are so proud to support the ASEAN Foundations new anti-scam initiative. We believe the best way to effectively tackle this complex, cross-border problem is through a whole-of-society approach. By bringing together governments, industry, and civil society, this initiative will empower communities and build long-term digital resilience, helping to create a safer, more trusted online environment for millions across the region, said Wilson White, vice president, government affairs and public policy, Google Asia Pacific. As the regions digital economy is projected to soar to US$1 trillion by 2030, this initiative is a critical step towards building a safe and secure digital future for all. This programme brings the solution directly to people where they are: in classrooms, community halls, online spaces, and living rooms. By providing tailored training and tools to reflect each countrys culture, language, and real-world scam scenarios, the goal is simple: to give people the skills, confidence, and support they need to protect themselves and those they care about.

Nvidia is now worth more than India, amid its stock’s plunge

The post Nvidia is now worth more than India, amid its stocks plunge appeared com. Nvidia is now officially worth more than India. The U. S. chip giant hit a $4. 33 trillion market cap, overtaking Indias entire economy, which sits at $4. 19 trillion, according to data from Yahoo Finance and IMF. That number comes just as India posted a stronger-than-expected 7. 8% GDP growth for the quarter ending in June. Even with that, Indias nominal GDP, not adjusted for inflation, fell to 8. 8%, down from 10. 8% the previous quarter. Manufacturing rose 7. 7%, services hit 9. 3%, and construction added 7. 6%. Doesnt matter. Nvidia, a single company, is now more valuable on paper than all of that. It became the first company ever to cross $4 trillion in value, powered by the explosion in artificial intelligence. Over the last decade, Nvidia went from a gaming graphics chip maker to the core supplier of AI hardware. Nvidia vs. India Every major AI platform, from chatbots to enterprise tools, runs on its chips. That shift didnt happen by accident. It came from years of product development and market control. But instead of letting it keep running, Donald Trumps administration has started interfering. Trump steers Nvidia into Intel deal While Jensen Huang, Nvidias chief executive, was in the UK taking part in Trumps state visit last week, the company quietly confirmed its putting $5 billion into Intel. That deal caught eyes, especially since the U. S. government bought 10% of Intel just a month ago. None of that feels coincidental. The pressure is obvious. Jensen didnt just wake up and decide to support a company thats lost its tech lead and bled market share for years. Intels stock did bounce 20% on the news, but before that, it had been on a long decline. Now, the top chip company on earth is being roped into helping a weaker competitor, backed by the government. Thats.