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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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Heineken Malaysia's Profit Surges 28.6% in 3Q on Higher Revenue, Cost Efficiency

Heineken Malaysia Bhd reported a 28.6% increase in net profit for its third quarter (3QFY2024), reaching RM112.29 million compared to RM87.33 million a year ago. This growth was attributed to higher revenue and effective cost management. Revenue rose by 3.2% to RM618.99 million, and no dividend was declared this quarter.

For the first nine months of FY2024, net profit grew by 13.3% to RM325.89 million, driven by successful campaigns like Chinese New Year promotions.

Managing director Martijn Rene van Keulen stated that Heineken is focused on sustaining growth by enhancing commercial strategies, particularly in preparation for Chinese New Year 2025. Guided by its EverGreen strategy, the company aims to future-proof its business with agile responses to market changes and cost optimisation.

Heineken welcomed the government’s decision to keep excise duties steady, highlighting that any increase could boost the demand for illicit alcohol. The company pledged ongoing support to authorities in tackling this issue.

Heineken Malaysia shares ended slightly lower at RM22.92 on Tuesday, with a market capitalisation of RM6.92 billion and a year-to-date decrease of 5.05%.

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