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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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Chicago Wheat Futures Decline on Rain Forecast, Corn and Soybeans Ease

Wheat futures on the Chicago Board of Trade (CBOT) dropped on Monday following weather forecasts predicting much-needed rainfall in the drought-affected US Plains. Analysts noted that rains could help replenish moisture levels in key wheat-growing regions, with the Commodity Weather Group reporting that weekend showers had alleviated winter wheat deficits in the Midwest and Plains.

Corn and soybeans also edged lower, driven by profit-taking after multi-month highs on Friday and a slight uptick in the US dollar, which can make US grains less competitive globally. The CBOT's most-active soybean futures declined by eight cents, settling at $10.22 1/4 per bushel, while wheat fell by seven cents to $5.65 1/2 per bushel, and corn dropped by one cent to $4.30 per bushel.

The US Department of Agriculture recently revealed that farmers grew fewer soybeans and corn this season due to dry conditions, though production levels remain robust, marking the second-largest soy harvest and third-largest corn harvest on record.

Lower crude oil prices, driven by weaker-than-expected demand following China's recent stimulus, also impacted corn and soybean futures due to their connection with renewable fuels, according to Karl Setzer of Consus Ag Consulting.

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