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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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Euro Drops to 6½-Month Low Against Dollar on US Tariff Concerns

The euro fell to its lowest level in 6½ months against the dollar on Monday, down 0.6% to $1.0657, amid worries over potential US tariffs that could impact the eurozone economy. This drop follows reports that President-elect Donald Trump is considering Robert Lighthizer, a known trade hawk, for a key trade policy role.

The US dollar index also rose to 105.5, its highest since July, driven by confidence in Trump's election victory. Analysts expect that Trump's policies, including tariffs and tax cuts, could increase inflation and bond yields, supporting the dollar.

In other currency movements, the dollar gained 0.8% against the yen to 153.8 and rose against the offshore yuan to 7.2225, reflecting investor concerns over China’s slower economic growth.

Meanwhile, Bitcoin surged above $81,000, boosted by expectations of a pro-crypto regulatory stance under the new Trump administration.

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