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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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Wall Street Holds Steady as Investors Await Key Economic Data



Wall Street’s main indexes were mostly flat on Tuesday, stabilizing after recent post-election gains. Investors are now turning their attention to critical US inflation data expected later this week, which will likely shape the outlook for economic and monetary policy.

Several stocks that initially surged following President-elect Donald Trump’s win saw modest declines. Tesla, which had gained nearly 40% since November 5, dipped 2.5%, affecting the consumer discretionary sector, which slid 0.3%. The Russell 2000 index of small-cap stocks fell 0.2% after reaching a three-year high, and Trump Media & Technology Group shares dropped 7.7%.

The Dow Jones Industrial Average added 107.69 points (0.24%) to reach 44,400.82, while the S&P 500 rose 6.11 points (0.10%) to 6,007.46, and the Nasdaq Composite was up 9.09 points (0.05%) to 19,307.85.

Honeywell shares surged 5.2% after Elliott Investment disclosed a $5 billion stake in the industrial giant, helping to lift the blue-chip Dow.

Bitcoin stocks eased after a strong rally, as MARA Holdings and Riot Platforms fell 3.5% and 8.4%, respectively, amid profit-taking.

Investors are awaiting consumer price index (CPI) data on Wednesday, followed by additional inflation and retail sales data later this week. These figures will likely guide the Federal Reserve’s next moves, with a 65% chance of a 25 basis point rate cut currently anticipated in December.

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