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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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SoftBank Leverages Vision Fund Gains to Fuel Big AI Bets

SoftBank Group Corp posted its biggest quarterly profit in two years, buoyed by successful IPOs in India. This gives founder Masayoshi Son the financial firepower for ambitious moves in artificial intelligence (AI) and semiconductors.

SoftBank's Vision Fund earned ¥373 billion, bolstered by investments in Didi Global Inc, Coupang Inc, and Indian IPOs like Ola Electric Mobility and FirstCry. With India's IPO market thriving, SoftBank is in a "harvest season," as noted by analyst Devi Subhakesan.

As SoftBank backs OpenAI with a US$500 million investment, CFO Yoshimitsu Goto highlighted its readiness for large AI investments, especially in sectors linked to chip design (via Arm Holdings), data centers, and robotics.

SoftBank’s Vision Fund has shifted to a more focused approach, aligning with Son’s AI ambitions. The fund’s net asset value of ¥29 trillion signals its capacity for further growth in strategic tech sectors.

SoftBank’s stock, sensitive to AI trends, saw a rebound after an earlier slump, reflecting investors' optimism about AI’s potential impact.

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Key Corporate Updates from Malaysia

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