The Business Times
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Andrew Wong

The US Treasury Department’s OFAC in October 2025 imposed sanctions on the Prince Group, Chen Zhi and his affiliates in one of the largest financial fraud take-downs in history.

Singapore investigating 2 men linked to Prince Group after US sanctions; $600m in assets seized so far

Singaporean Ng Wei Liang (left) allegedly led a gang that ran a major scam operation in Cambodia. Police raided several of the group's locations in September.

Singapore scam gang operating in Cambodia allegedly led by two brothers

A wholesale steel market in Shenyang. The steel industry in China accounts for about 5 per cent of GDP and around 15 per cent of carbon emissions. Transition bonds could be a way for the country to raise funds to decarbonise the industry.

More awareness needed for transition bonds issued by coal miners, oil producers

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