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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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EPF Reports 34.1% Rise in 3Q Investment Income to RM19.67 Billion

The Employees Provident Fund (EPF) reported a 34.1% increase in third-quarter investment income, reaching RM19.67 billion, up from RM14.67 billion in 3Q2023. This growth pushed total investment income for the January-September period to RM57.57 billion, a 20% increase from the previous year.

Equity investments were the primary income source, contributing 93% of total income at RM18.32 billion. Fixed income instruments provided 33% of total income, while international investments contributed RM10.50 billion, or 53%.

EPF’s investment assets totaled RM1.22 trillion, with 62.2% in Malaysian investments and 37.8% in international holdings. Despite positive market sentiment driven by US interest rate cuts, the fund faced currency losses of RM3.71 billion due to the ringgit’s strengthening.

EPF also reported member growth, with 16.1 million members as of September, including 8.69 million active contributors. Contributions increased 9.1% to RM25.2 billion for the quarter, with voluntary contributions growing 72% year-over-year. The i-Saraan scheme saw a significant increase, with contributions reaching RM1.61 billion in 1H2024.

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