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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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Bain Capital Nears Deal to Acquire Blackstone’s Avery Lodge in Singapore

 Bain Capital is close to acquiring Blackstone Inc’s Avery Lodge, a Singapore-based worker dormitory firm, after outbidding other private equity rivals, according to sources. The deal, which could be finalized in the coming days, is expected to value Avery Lodge between S$750 million and S$780 million (US$566 million or RM3.28 billion).

Avery Lodge operates four worker dormitory compounds with about 1,700 units. Other interested buyers included Apollo Global Management and Brookfield Asset Management. Blackstone has owned the properties since 2010, when it acquired them from Morgan Stanley for S$380 million.

With a 24% rise in transactions involving Singaporean companies this year, investor confidence and Singapore's political stability have made it a key market for deals in the Asia Pacific.

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