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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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Expanded SST Expected to Boost Government Revenue by RM5 Billion in 2025

The government anticipates raising an extra RM5 billion by broadening the sales and service tax (SST) scope starting May 1, 2025, according to Finance Minister II Datuk Seri Amir Hamzah Azizan. The expanded SST will increase revenue projections to RM51.7 billion, compared to RM46.7 billion currently forecast for 2025.

To prevent impacting low-income groups, essential food items will be exempt from sales tax. The expanded service tax will focus on business-to-business (B2B) services, such as fee-based financial services for businesses, excluding individual consumers.

Prime Minister Datuk Seri Anwar Ibrahim earlier revealed that the sales tax would apply mainly to non-essential imported goods, including premium items like salmon and avocados.

Amir emphasized that SST expansion will proceed progressively to avoid undue public burden, with ongoing stakeholder consultations to finalize details. Part of the SST revenue will support cash assistance programs for the public.

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