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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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India's Inflation Hits 14-Month High, RBI Likely to Delay Rate Cuts

India’s inflation surged to a 14-month high of 6.21% in October, surpassing the Reserve Bank of India’s (RBI) target ceiling, which likely cements the case for maintaining current interest rates.

The consumer price index saw a significant increase from 5.49% in September, driven by a steep rise in food prices, which climbed 10.87% year-on-year, with vegetable prices spiking 42.18%. Excluding food and fuel, the core inflation measure also ticked up to 3.74%.

RBI Governor Shaktikanta Das has expressed concerns over “upside risks to inflation” stemming from global commodity prices and geopolitical conflicts. He emphasized that any immediate rate cuts could be “very risky,” and the central bank remains committed to a neutral stance until inflation approaches its 4% target sustainably.

The recent inflation figures also cast doubt on potential rate cuts at the RBI’s upcoming December policy meeting. Economists, including Sakshi Gupta from HDFC Bank, suggest that rate easing may be delayed until February or later, given rising uncertainties on the global front, including the recent US election of Donald Trump.

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