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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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CPO Futures Decline Amid Weaker Export Pace, Ending Four-Day Rally

Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Tuesday, snapping a four-day winning streak, as a weaker export pace pressured prices, according to market sources.

Palm oil trader David Ng highlighted that market sentiment was also affected by weaker soybean oil futures on the Chicago Board of Trade during Asian trading hours. “Support is at RM5,000 and resistance at RM5,200 a tonne,” he commented.

At the end of trading:

  • November 2024 fell RM46 to RM5,224 per tonne.
  • December 2024 decreased RM157 to RM5,076.
  • January 2025 slid RM170 to RM5,026.

For later contracts:

  • February 2025 dropped RM177 to RM4,960 per tonne.
  • March 2025 and April 2025 both declined RM176, closing at RM4,853 and RM4,727 per tonne, respectively.

Trading volume surged to 131,965 lots from 79,094 on Monday, while open interest rose slightly to 239,980 contracts.

The physical CPO price for November South narrowed RM80 to settle at RM5,200 per tonne.

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