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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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Indian Oil Explorer ONGC’s Earnings Surpass Estimates with 17% Jump

Oil and Natural Gas Corp. (ONGC) reported a 17% increase in quarterly net income to 119.8 billion rupees ($1.4 billion), surpassing analysts' estimates of 98.96 billion rupees, despite reduced production and weak crude prices. The strong performance was driven by doubling of non-core income to 47.66 billion rupees and lower expenses.

ONGC’s earnings on crude sales fell 7.7% to $78.33 per barrel, while gas profits remained unchanged due to government-set prices. The company’s oil production was almost flat, with a 4.6% growth, and gas output dropped 2.1%.

Demand concerns have impacted oil producers globally, yet ONGC, focusing on the domestic market, faces pressure from the Indian government to increase output and reduce oil imports. The company’s higher earnings will support its 350 billion rupee annual capital expenditure plan to fund ambitious exploration initiatives. Quarterly revenue dropped 3.6% to 338.8 billion rupees.

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