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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’s Chip Industry Plans Strategy to Counter Trump’s Policies

China’s semiconductor industry is bracing for Donald Trump’s second term by increasing purchases of foreign chipmaking equipment, pursuing overseas talent, and seeking new global alliances. Trump previously targeted Chinese tech giants like Huawei and SMIC with trade restrictions, while the Biden administration’s export controls limited China’s access to advanced US-made chips.

Chinese chipmakers are strengthening relationships with countries wary of US policies and focusing on self-sufficiency. Zhu Jing, of the Beijing Semiconductor Industry Association, urged companies to expand globally and attract talent restricted from the US, potentially benefiting China’s semiconductor sector.

China has accelerated imports of semiconductor equipment, spending $24.12 billion in the first nine months of 2024, including $7.9 billion on lithography machines from the Netherlands. Industry experts report Chinese firms are better prepared than during Trump’s first term, having ramped up production capacities to withstand trade challenges.

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Key Corporate Updates from Malaysia

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