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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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European Stocks Surge as Asia Slips; Bitcoin Continues Record Rally

European stocks surged over 1% on Monday, with the STOXX 600 up as industrials led gains. Investors are bracing for key economic data this week, including inflation reports from Germany and the US. Meanwhile, Asian stocks slid as Beijing’s latest stimulus measures fell short of expectations, with Hong Kong stocks hitting a three-week low.

In currency markets, the euro dropped to a four-month low of $1.0671 amid expectations of stricter US tariffs as Robert Lighthizer may join the Trump administration. The US dollar remained near last week’s highs as traders await US inflation data and comments from Fed Chair Jerome Powell.

Bitcoin continued its record-breaking run, boosted by Trump’s pro-crypto stance and the election of pro-crypto Congressional members. Investors expect tax cuts and deregulation under Trump’s leadership to favor equities, with S&P 500 futures rising 0.3%.

In Asia, China’s CSI300 Index rose 0.6%, supported by a rally in semiconductor stocks after the US restricted chip shipments to Chinese firms. However, China’s 10 trillion yuan debt package failed to meet hopes for a stronger economic boost. Oil prices and gold both declined, with Brent futures at $73.16 and gold at $2,666.10 per ounce.

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