The great California gold rush in 1848, and the arrival of Chinese to escape poverty at home

The Asian billionaire boom, led by China

How UBS, Citi and other banks are positioning themselves to profit from this boom

The story of London banks like HSBC and StanChart, that are pivoting to tackle this phenomenon

Career opportunities that are opening up in financial services

Speaking Of Asia Ep 3: The great Asian gold rush

12:20 mins

Synopsis: Join The Straits Times's associate editor Ravi Velloor, in this series of podcasts based on his weekly columns on Asian issues, as he distils his experience from four decades of covering the continent.

In this third episode, he discusses the burst of wealth that is taking place in Asia, from Japan to the Middle East, and how European and American lenders are rushing in to manage the money of wealthy Asians. 
The great California gold rush in 1848, and the arrival of Chinese to escape poverty at home (0:53)
The Asian billionaire boom, led by China (1:53)
How UBS, Citi and other banks are positioning themselves to profit from this boom (5:33)
The story of London banks like HSBC and StanChart, that are pivoting to tackle this phenomenon (7:12)
Career opportunities that are opening up in financial services (11:03)

Read Ravi Velloor's columns: https://www.straitstimes.com/authors/ravi-velloor

Produced by: Ravi Velloor (velloor@sph.com.sg), Ernest Luis and Fa'izah Sani

Edited by: Hadyu Rahim

Subscribe to our Asian Insider Podcast channel to follow our various shows each week and rate us on your favourite audio apps:

Channel: https://str.sg/JWa7

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Discover Asian Insider Videos: https://youtube.com/playlist?list=PLnK3VE4BKduMSOntUoS6ALNp21jMmgfBX

---

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ST Sports Talk Podcast: https://str.sg/JWRE

Life Weekend Picks Podcast: https://str.sg/JWa2

#PopVultures Podcast: https://str.sg/JWad

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Discover BT Podcasts: https://bt.sg/pcPL

Follow our shows then, if you like short, practical podcasts!

#STAsianInsider

Speaking Of Asia Ep 3: The great Asian gold rush
12:20 mins
Synopsis: Join The Straits Times's associate editor Ravi Velloor, in this series of podcasts based on his weekly columns on Asian issues, as he distils his experience from four decades of covering the continent.
In this third episode, he discusses the burst of wealth that is taking place in Asia, from Japan to the Middle East, and how European and American lenders are rushing in to manage the money of wealthy Asians.&nbsp;
<ol>
<li>The great California gold rush in 1848, and the arrival of Chinese to escape poverty at home (0:53)</li>
<li>The Asian billionaire boom, led by China (1:53)</li>
<li>How UBS, Citi and other banks are positioning themselves to profit from this boom (5:33)</li>
<li>The story of London banks like HSBC and StanChart, that are pivoting to tackle this phenomenon (7:12)</li>
<li>Career opportunities that are opening up in financial services (11:03)</li>
</ol>
Read Ravi Velloor's columns: <a href="https://www.straitstimes.com/authors/ravi-velloor">https://www.straitstimes.com/authors/ravi-velloor</a>
<a href="https://www.straitstimes.com/authors/rohini-mohan"></a>Produced by: Ravi Velloor (velloor@sph.com.sg), Ernest Luis and Fa'izah Sani
Edited by: Hadyu Rahim
Subscribe to our Asian Insider Podcast channel to follow our various shows each week and rate us on your favourite audio apps:
Channel:&nbsp;<a href="https://str.sg/JWa7" data-saferedirecturl="https://www.google.com/url?q=https://str.sg/JWa7&amp;source=gmail&amp;ust=1592986097751000&amp;usg=AFQjCNFLjTYPEJHobS8kSHuswzwy4x91Vg">https://str.sg/JWa7</a>
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Google Podcasts:&nbsp;<a href="https://str.sg/Ju4h">https://str.sg/Ju4h</a>&nbsp;
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Website:<a href="http://str.sg/stpodcasts"> http://str.sg/stpodcasts</a>
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---
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#PopVultures Podcast: <a href="https://str.sg/JWad">https://str.sg/JWad</a>
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#STAsianInsider

Synopsis: Every Friday, get our distinct take on global issues with an Asian perspective, with ST’s globally-based correspondents.

Produced and edited by: Fa'izah Sani

Executive producers: Ernest Luis & Lynda Hong

A podcast by The Straits Times, SPH Media.

Synopsis: Every Friday, get our distinct take on global issues with an Asian perspective, with ST’s globally-based correspondents.
Produced and edited by: Fa'izah Sani
Executive producers: Ernest Luis &amp; Lynda Hong
A podcast by The Straits Times, SPH Media.

Asian Insider

Synopsis: ST tackles the latest geopolitical trends and issues in Asia as a whole. 

Produced by podcast editor Ernest Luis, The Straits Times, SPH Media Trust

Synopsis: ST tackles the latest geopolitical trends and issues in Asia as a whole. 
Produced by podcast editor Ernest Luis, The Straits Times, SPH Media Trust

Asia's Geopolitics: Best of Asian Insider

Get a head start to your work day with Ryan Huang, Emaad Akhtar and Audrey Siek from 6am to 9am. 

Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Get a head start to your work day with Ryan Huang, Emaad Akhtar and Audrey Siek from 6am to 9am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek

The great Asian gold rush: Speaking Of Asia Ep 3

Extent of lives ruined by scams in region

Chinese police becoming more pro-active

Scourge: Well-networked scam compounds

Online scam 'revenue' rivals countries' GDPs

Role of sanctions

Global action needed now

Why action is needed to avoid some countries being labelled as 'scam states'.

Synopsis: Every third and fourth Friday of the month, The Straits Times' global contributor Nirmal Ghosh shines a light on Asian perspectives of global and Asian issues with expert guests.

With their heavy security, territorial control and global reach, we look at South-east Asia’s industrial-size scam compounds, where thousands are lured from low-employment countries to work as forced labour stealing billions of dollars from victims worldwide. They are a national security threat to the countries they are based in as well as to the countries they target. 

The criminal organisations running these centres emanate mostly from China, and are physically located mainly in Laos, Cambodia, and Myanmar but across the region in other countries as well. Sporadic crackdowns of the type recently seen in Laos’ Golden Triangle Special Economic Zone, are often choreographed ahead of time, enabling kingpins to evade them. 

According to a report released in May by the US Institute of Peace (USIP), as at the end of 2023, scam centres operating out of Myanmar, Cambodia, and Laos had accounted for US$39 billion (S$50.1 billion) in stolen funds.

Jason Tower, country director for the Burma Programme at USIP, joins host Nirmal Ghosh in this episode of Asian Insider to talk about the many aspects of this criminal industry, from human trafficking to forced labour and cybercrime. 

He suggests that Malaysia - as the next chair of Asean - has an opportunity to exercise leadership as 2025 will mark the 10th anniversary of the Kuala Lumpur Declaration on Combating Transnational Crime. 

Highlights (click/tap above): 

2:37 Victims from over 100 countries, with the average scam victim losing more or less all of their assets

5:17 Why Chinese police are becoming more proactive and responding to the situation

7:19 How scam compounds are extremely well-networked around the globe and can get advance information about an upcoming crackdown

11:22 The amounts brought in by these online scams can rival countries’ formal GDPs

15:50 Role of sanctions in combating scams - such as one on Ly Yong Phat, a notorious business figure involved in online scam compounds

19:32  A global crisis that demands action now

Follow Nirmal Ghosh on X: https://str.sg/JD7r

Read Nirmal Ghosh's articles: https://str.sg/JbxG

Register for Asian Insider newsletter: https://str.sg/stnewsletters

Host: Nirmal Ghosh (nirmal@sph.com.sg)

Produced and edited by: Studio+65 and Fa’izah Sani

Executive producers: Ernest Luis & Lynda Hong

Follow Asian Insider on Fridays here:

Channel: https://str.sg/JWa7

Apple Podcasts: https://str.sg/JWa8

Spotify: https://str.sg/JWaX

Feedback to: podcast@sph.com.sg

---

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---

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#STAsianInsider

Why action is needed to avoid some countries being labelled as 'scam states'.
Synopsis: Every third and fourth Friday of the month, The Straits Times' global contributor Nirmal Ghosh shines a light on Asian perspectives of global and Asian issues with expert guests.
With their heavy security, territorial control and global reach, we look at South-east Asia’s industrial-size scam compounds, where thousands are lured from low-employment countries to work as forced labour stealing billions of dollars from victims worldwide. They are a national security threat to the countries they are based in as well as to the countries they target. 
The criminal organisations running these centres emanate mostly from China, and are physically located mainly in Laos, Cambodia, and Myanmar but across the region in other countries as well. Sporadic crackdowns of the type recently seen in Laos’ Golden Triangle Special Economic Zone, are often choreographed ahead of time, enabling kingpins to evade them. 
According to a report released in May by the US Institute of Peace (USIP), as at the end of 2023, scam centres operating out of Myanmar, Cambodia, and Laos had accounted for US$39 billion (S$50.1 billion) in stolen funds.
Jason Tower, country director for the Burma Programme at USIP, joins host Nirmal Ghosh in this episode of Asian Insider to talk about the many aspects of this criminal industry, from human trafficking to forced labour and cybercrime. 
He suggests that Malaysia - as the next chair of Asean - has an opportunity to exercise leadership as 2025 will mark the 10th anniversary of the Kuala Lumpur Declaration on Combating Transnational Crime. 
Highlights (click/tap above): 
2:37 Victims from over 100 countries, with the average scam victim losing more or less all of their assets
5:17 Why Chinese police are becoming more proactive and responding to the situation
7:19 How scam compounds are extremely well-networked around the globe and can get advance information about an upcoming crackdown
11:22 The amounts brought in by these online scams can rival countries’ formal GDPs
15:50 Role of sanctions in combating scams - such as one on Ly Yong Phat, a notorious business figure involved in online scam compounds
19:32  A global crisis that demands action now
Follow Nirmal Ghosh on X:<a href="https://str.sg/JD7r"> https://str.sg/JD7r</a>
Read Nirmal Ghosh's articles:<a href="https://str.sg/JbxG"> https://str.sg/JbxG</a>
Register for Asian Insider newsletter:<a href="https://str.sg/stnewsletters"> https://str.sg/stnewsletters</a>
Host: Nirmal Ghosh (<a href="mailto:nirmal@sph.com.sg">nirmal@sph.com.sg</a>)
Produced and edited by: Studio+65 and Fa’izah Sani
Executive producers: Ernest Luis &amp; Lynda Hong
Follow Asian Insider on Fridays here:
Channel: <a href="https://str.sg/JWa7">https://str.sg/JWa7</a>
Apple Podcasts: <a href="https://str.sg/JWa8">https://str.sg/JWa8</a>
Spotify: <a href="https://str.sg/JWaX">https://str.sg/JWaX</a>
Feedback to: <a href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
---
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ST Podcasts YouTube: <a href="https://str.sg/4Vwsa">https://str.sg/4Vwsa</a> 
---
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#STAsianInsider

South-east Asian scam centres a growing regional security threat

The seasoned Singapore diplomat Kishore Mahbubani is bullish on India and Asean but says the US should not be underestimated.

Synopsis: Every third and fourth Friday of the month, The Straits Times' global contributor Nirmal Ghosh shines a light on Asian perspectives of global and Asian issues with expert guests.

Veteran Singapore diplomat Kishore Mahbubani, never shy about sharing his views, is bullish on India and Asean, believes China will not invade Taiwan unless the island declares independence - and warns that no one should underestimate America. 

In this episode, Mr Mahbubani says Europe should also revise its notions of being a global economic powerhouse, and the United Kingdom needs to give up its seat on the UN Security Council so India can take it.

Asean has been successful as a regional organisation in preventing Brexit-style breakaways as well as wars in the region - and by 2030 its combined economy will be bigger than Japan’s, Mr Mahbubani contends. 

Pressure on China will grow regardless of who occupies the White House after America’s presidential election. In terms of tactics, Kamala Harris would be predictable, but Donald Trump would not. 

Mr Mahbubani, currently a Distinguished Fellow at the Asia Research Institute of the National University of Singapore, is among other things former Singapore Ambassador to the UN, former Permanent Secretary at Singapore's Ministry of Foreign Affairs, and founding Dean of the Lee Kuan Yew School of Public Policy. He has just published a new book titled Living The Asian Century: An Undiplomatic Memoir." 

Highlights (click/tap above): 

1:54 Three geopolitical geniuses - Lee Kuan Yew, Goh Keng Swee, and S. Rajaratnam 

5:32 South-east Asia has an enormous agency; Asean will be bigger than Japan by 2030

8:46 "I am extremely bullish about the prospects of India," says Kishore Mahbubani

11:11 Chinese and Indian inventors are responsible for 20% of all US patents

15:04 Wars are draining

16:59 Near-universal consensus in Washington DC that the US has about 10 years to stop China from becoming No.1 

18:44 You can’t predict what Donald Trump is going to do 

Follow Nirmal Ghosh on X: https://str.sg/JD7r

Read Nirmal Ghosh's articles: https://str.sg/JbxG

Register for Asian Insider newsletter: https://str.sg/stnewsletters

Host: Nirmal Ghosh (nirmal@sph.com.sg)

Produced and edited by: Studio+65 and Fa’izah Sani

Executive producers: Ernest Luis & Lynda Hong

Follow Asian Insider on Fridays here:

Channel: https://str.sg/JWa7

Apple Podcasts: https://str.sg/JWa8

Spotify: https://str.sg/JWaX

Feedback to: podcast@sph.com.sg

---

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All-in-one ST Podcasts channel: https://str.sg/wvz7

ST Podcast website: http://str.sg/stpodcasts

ST Podcasts YouTube: https://str.sg/4Vwsa

---

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The App Store: https://str.sg/icyB  

Google Play: https://str.sg/icyX

---

#STAsianInsider

The seasoned Singapore diplomat Kishore Mahbubani is bullish on India and Asean but says the US should not be underestimated.
Synopsis: Every third and fourth Friday of the month, The Straits Times' global contributor Nirmal Ghosh shines a light on Asian perspectives of global and Asian issues with expert guests.
Veteran Singapore diplomat Kishore Mahbubani, never shy about sharing his views, is bullish on India and Asean, believes China will not invade Taiwan unless the island declares independence - and warns that no one should underestimate America. 
In this episode, Mr Mahbubani says Europe should also revise its notions of being a global economic powerhouse, and the United Kingdom needs to give up its seat on the UN Security Council so India can take it.
Asean has been successful as a regional organisation in preventing Brexit-style breakaways as well as wars in the region - and by 2030 its combined economy will be bigger than Japan’s, Mr Mahbubani contends. 
Pressure on China will grow regardless of who occupies the White House after America’s presidential election. In terms of tactics, Kamala Harris would be predictable, but Donald Trump would not. 
Mr Mahbubani, currently a Distinguished Fellow at the Asia Research Institute of the National University of Singapore, is among other things former Singapore Ambassador to the UN, former Permanent Secretary at Singapore's Ministry of Foreign Affairs, and founding Dean of the Lee Kuan Yew School of Public Policy. He has just published a new book titled Living The Asian Century: An Undiplomatic Memoir." 
Highlights (click/tap above): 
1:54 Three geopolitical geniuses - Lee Kuan Yew, Goh Keng Swee, and S. Rajaratnam 
5:32 South-east Asia has an enormous agency; Asean will be bigger than Japan by 2030
8:46 "I am extremely bullish about the prospects of India," says Kishore Mahbubani
11:11 Chinese and Indian inventors are responsible for 20% of all US patents
15:04 Wars are draining
16:59 Near-universal consensus in Washington DC that the US has about 10 years to stop China from becoming No.1 
18:44 You can’t predict what Donald Trump is going to do 
Follow Nirmal Ghosh on X:<a href="https://str.sg/JD7r"> https://str.sg/JD7r</a>
Read Nirmal Ghosh's articles:<a href="https://str.sg/JbxG"> https://str.sg/JbxG</a>
Register for Asian Insider newsletter:<a href="https://str.sg/stnewsletters"> https://str.sg/stnewsletters</a>
Host: Nirmal Ghosh (<a href="mailto:nirmal@sph.com.sg">nirmal@sph.com.sg</a>)
Produced and edited by: Studio+65 and Fa’izah Sani
Executive producers: Ernest Luis &amp; Lynda Hong
Follow Asian Insider on Fridays here:
Channel: <a href="https://str.sg/JWa7">https://str.sg/JWa7</a>
Apple Podcasts: <a href="https://str.sg/JWa8">https://str.sg/JWa8</a>
Spotify: <a href="https://str.sg/JWaX">https://str.sg/JWaX</a>
Feedback to: <a href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
---
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ST Podcasts YouTube: <a href="https://str.sg/4Vwsa">https://str.sg/4Vwsa</a> 
---
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---
#STAsianInsider

Veteran diplomat Kishore Mahbubani's career: A front row seat to the Asian century

Why Gurkha troops are special

Special height provisions for Gurkhas

Why Gurkhas go abroad and fight

How India's new policy affects Gurkhas

Could India's Gurkha regiment be disbanded?

Nepal & UN peace-keeping operations

Future of Gurkhas & infantry in robotic age

Revered as soldiers, the Gurkhas are Nepalis who are recruited into the British Army, the Singapore Police, the Indian Army, and recently, even the Russian army. 

Synopsis: Join The Straits Times' senior columnist Ravi Velloor, as he distils his experience from four decades of covering the Asian continent.

In this episode, Ravi speaks with one of the most highly decorated officers of the Indian Army, retired Lt. Gen. Shokin Chauhan, on the future of Gurkhas, the famous warriors from the hill tribes of central Nepal. Gurkhas, who form the largest ethnic component of the Indian Army, have also lately been in the news after it was reported that some of them died fighting for Russia in the Ukraine War. 

A celebrated scholar-soldier and a retired second generation Gurkha Rifles officer of the Indian Army, Lt. Gen. Chauhan and Ravi discuss recent changes to India’s military recruitment policies that led Nepal to ban Gurkha recruitment by New Delhi, whether Nepal’s Maoist government will permit Nepalese soldiers to continue participating in UN peacekeeping operations, and the relevance of foot-soldiers in the era of robotics in warfare.

Highlights (click/tap above):

2:00 Why Gurkha troops are special

08:50 Special height provisions for Gurkhas in British, Indian armies

11:15 Why Gurkhas go abroad to fight; Gurkhas in Russia

14:40 How India’s new recruitment policy hits Gurkhas 

18:00 Could India’s Gurkha Regiment be disbanded?

22:50 Nepal and UN peace-keeping operations

25:00 Future of Gurkhas and infantry in the age of robotics

Produced by: Ravi Velloor (velloor@sph.com.sg) and Fa’izah Sani

Edited by: Fa’izah Sani

Follow Speaking Of Asia Podcast every second Friday of the month here:

Channel: https://str.sg/JWa7

Apple Podcasts: https://str.sg/JWa8

Spotify: https://str.sg/JWaX

Website: http://str.sg/stpodcasts

Feedback to: podcast@sph.com.sg

Ravi Velloor's columns: https://str.sg/3xRP

Ravi Velloor on X: https://twitter.com/RaviVelloor

Register for Asian Insider newsletter: https://str.sg/stnewsletters

---

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The Usual Place: https://str.sg/wEr7u

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COE Watch: https://str.sg/iTtE

Asian Insider: https://str.sg/JWa7

Health Check: https://str.sg/JWaN

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Your Money & Career: https://str.sg/wB2m

Hard Tackle: https://str.sg/JWRE

#PopVultures: https://str.sg/JWad

Music Lab: https://str.sg/w9TX

---

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---

Special edition series:

True Crimes Of Asia (6 eps): https://str.sg/i44T

The Unsolved Mysteries of South-east Asia (5 eps): https://str.sg/wuZ2

Invisible Asia (9 eps): https://str.sg/wuZn

Stop Scams (10 eps): https://str.sg/wuZB

Singapore's War On Covid (5 eps): https://str.sg/wuJa

---

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The App Store: https://str.sg/icyB

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#STAsianInsider

Revered as soldiers, the Gurkhas are Nepalis who are recruited into the British Army, the Singapore Police, the Indian Army, and recently, even the Russian army. 
Synopsis: Join The Straits Times' senior columnist Ravi Velloor, as he distils his experience from four decades of covering the Asian continent.
In this episode, Ravi speaks with one of the most highly decorated officers of the Indian Army, retired Lt. Gen. Shokin Chauhan, on the future of Gurkhas, the famous warriors from the hill tribes of central Nepal. Gurkhas, who form the largest ethnic component of the Indian Army, have also lately been in the news after it was reported that some of them died fighting for Russia in the Ukraine War. 
A celebrated scholar-soldier and a retired second generation Gurkha Rifles officer of the Indian Army, Lt. Gen. Chauhan and Ravi discuss recent changes to India’s military recruitment policies that led Nepal to ban Gurkha recruitment by New Delhi, whether Nepal’s Maoist government will permit Nepalese soldiers to continue participating in UN peacekeeping operations, and the relevance of foot-soldiers in the era of robotics in warfare.
Highlights (click/tap above):
2:00 Why Gurkha troops are special
08:50 Special height provisions for Gurkhas in British, Indian armies
11:15 Why Gurkhas go abroad to fight; Gurkhas in Russia
14:40 How India’s new recruitment policy hits Gurkhas 
18:00 Could India’s Gurkha Regiment be disbanded?
22:50 Nepal and UN peace-keeping operations
25:00 Future of Gurkhas and infantry in the age of robotics
Produced by: Ravi Velloor (<a href="mailto:velloor@sph.com.sg">velloor@sph.com.sg</a>) and Fa’izah Sani
Edited by: Fa’izah Sani
Follow Speaking Of Asia Podcast every second Friday of the month here:
Channel:<a href="https://str.sg/JWa7"> https://str.sg/JWa7</a>
Apple Podcasts:<a href="https://str.sg/JWa8"> https://str.sg/JWa8</a>
Spotify:<a href="https://str.sg/JWaX"> https://str.sg/JWaX</a>
Website:<a href="http://str.sg/stpodcasts"> http://str.sg/stpodcasts</a>
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The great Asian gold rush: Speaking Of Asia Ep 3

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