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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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China to Slash Homebuying Taxes to Revive Housing Market


China is preparing to reduce taxes for home purchases in major cities, aiming to stimulate its struggling housing market, according to sources. The plan would allow cities like Shanghai and Beijing to cut the deed tax for homebuyers to as low as 1% (from a current rate of up to 3%), providing much-needed relief to potential buyers.

The proposal, hinted at by Finance Minister Lan Fo’an, reflects Beijing’s push to use fiscal tools to bolster the economy. Lan pledged to implement “more forceful fiscal policies” next year, following a recent 10 trillion yuan debt swap for local governments.

In addition to reducing the deed tax, regulators may also remove the distinction between ordinary and luxury homes, potentially lowering purchase costs for those looking to upgrade their properties.

The property market has been struggling with a multi-year downturn, wiping out billions in household wealth and heightening deflationary concerns. October’s residential property sales rose for the first time this year, indicating that recent support measures are beginning to restore some buyer confidence.

If realised, the tax cuts are expected to reduce homebuying costs and boost property sales, helping China maintain its 5% economic growth target.

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