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Malaysia and Singapore to Boost Cybercrime Cooperation in Cross-Border Crime Agreement

Key Takeaway: Cybercrime will be included in Malaysia-Singapore cross-border crime cooperation , as the two countries prepare to renew their Memorandum of Understanding (MOU) on the matter. Malaysia’s Home Minister, Datuk Seri Saifuddin Nasution Ismail, announced that cybercrime will be a new focus in Malaysia-Singapore cross-border crime collaboration . The updated MOU will be signed on Nov 14 during Saifuddin’s meeting with Singapore’s Minister of Home Affairs and Law, K. Shanmugam. This move reflects the growing threat of cybercrime , which costs ASEAN an estimated US$64 billion annually. The agreement emphasizes capacity-building, intelligence-sharing, and joint operations as vital components for addressing cybercrime. The exchange of MOU documents will occur at the Annual Leaders' Retreat on Dec 8 in Malaysia, which will be attended by the prime ministers of both nations. Saifuddin also highlighted plans to discuss border congestion issues and will visit Singapore’s Immi
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Asian IPOs Show Recovery as Hong Kong and India Lead


After a couple of slow years, Asia’s IPO market shows signs of a turnaround. Chinese firms are increasingly exploring IPOs in Hong Kong, driven by a nearly 20% rise in the Hang Seng Index this year, marking its first annual gain since 2019. Meanwhile, India is seeing a record year in funds raised from IPOs, with more deals planned, and Tokyo’s stock market is witnessing notable listings.

Hong Kong IPOs raised around $9 billion this year, a substantial increase from $5.6 billion in 2023, the lowest since 2001. Companies such as Jiangsu Hengrui Pharmaceuticals, Chery Holding, Foshan Haitian, SF Holding, and Dmall are reportedly considering Hong Kong IPOs. This interest follows notable listings like Midea Group’s $4.6 billion IPO and China Resources Beverage’s debut.

In India, IPO momentum continues, with Hyundai Motor India raising $3.3 billion in the nation’s largest IPO to date. LG Electronics, Swiggy, HDB Financial Services, and Carraro’s Indian unit are among those eyeing future listings. Investment in India has surged, with underwriting fees up 80% compared to China’s decline.

Japan is also active, with Tokyo Metro’s $2.3 billion listing in October, the country’s largest in six years. Upcoming IPOs include FineToday Holdings and JX Advanced Metals.

Despite optimism, challenges remain due to US-China tensions, potential regulatory issues in China, and market volatility in Hong Kong. Still, analysts see promise as Asian IPO activity accelerates.

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