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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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Saudi Crude Oil Supply to China Drops in December Amid Weak Demand

Saudi Arabia’s crude oil exports to China are expected to drop to 36.5 million barrels in December, marking the lowest supply since July due to weak demand from China, the world’s largest importer. This decline follows reduced imports of 37.5 million barrels in November and 46 million barrels in October.

China’s state oil companies—Sinopec, PetroChina, and Sinochem—are set to lower their crude intake, as refining throughput declines in the last quarter amid sluggish margins and weak fuel demand. In response, Saudi Aramco cut its official December selling prices for Asia.

In the first nine months of 2024, Saudi crude exports to China fell 10.8% to 1.58 million barrels per day, with Russia overtaking Saudi Arabia as China’s top supplier.

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