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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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Japan Unveils $65 Billion Plan to Boost Domestic Chip Industry

 
Japan’s government plans a $65 billion multi-year initiative to strengthen its domestic chip industry through subsidies and financial support, according to a draft seen by Reuters. The ¥10 trillion proposal aims to secure Japan’s position in the global chip supply chain amid rising US-China trade tensions.

The plan, set to be submitted in the next parliamentary session, targets chip foundry Rapidus and AI chip suppliers. Rapidus, partnering with IBM and Imec, is expected to begin mass production of advanced chips in Hokkaido by 2027.

This initiative is part of a broader economic package, expected to gain cabinet approval on Nov 22, which calls for ¥50 trillion in public and private investment in the chip sector over the next decade. The government estimates an economic impact of ¥160 trillion from this investment.

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