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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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Grab Shares Surge 15% on Upgraded Earnings Forecast Amid Cost-Cutting



Grab Holdings Ltd shares jumped up to 15% in US trading after the Southeast Asian ride-hailing and delivery giant raised its full-year earnings forecast to $308-313 million Ebitda, surpassing its earlier projection of $270 million. Grab’s third-quarter Ebitda reached $90 million, outpacing analyst expectations of $66.2 million, with the company reporting its second net profit ever.

The stock climbed to $5.04 in after-hours trading, recovering from declines since its 2021 public debut. Revenue for 2024 is now forecast to reach up to $2.78 billion, slightly above previous estimates.

Grab’s 42 million monthly users still represent significant growth potential in Southeast Asia’s population of 650 million. With a focus on balancing profitability and growth amid regional competition, Grab remains optimistic about the region’s long-term prospects.

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