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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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Malaysia’s Construction Sector Grows 22.9% in 3Q2024 to RM41.1 Billion

Malaysia’s construction sector maintained positive growth, expanding 22.9% to RM41.1 billion in 3Q2024, up from a 20.2% increase in 2Q2024. The growth was driven by a 42.6% rise in special trade activities, with residential and non-residential buildings growing by 27.8% and 27.7%, respectively.

Civil engineering contributed RM15.2 billion, led by roads, railways, and utility projects. Non-residential and residential buildings added RM11.8 billion and RM9.4 billion, while special trade activities contributed RM4.8 billion.

The private sector remained the main growth driver with 63.5% of total value (RM26.1 billion), while the public sector grew moderately by 8.1%. The majority of construction activities were concentrated in Selangor, Johor, Wilayah Persekutuan, and Sarawak.

For the first three quarters of 2024, the sector reached RM116.8 billion, reflecting a 19.1% year-on-year increase, largely driven by civil engineering activities.

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