Sixteen Malaysians linked to a transnational scam syndicate, which caused victims to lose more than $1.4 million, were nabbed in Kuala Lumpur on Jan 13 in a raid by the Malaysian police.

Sixteen Malaysians linked to a transnational scam syndicate that caused victims to lose more than S$1.4 million (RM4.6 million) were reportedly arrested

This poor results is from the termination and discounts of certain insurance contracts, and increased interest expenses related to Vietnam acquisition and Singapore project cessation.

SINGAPORE: A transnational scam syndicate has been dismantled and its 16 Malaysian members arrested after a joint operation between the Singaporean and Malaysian police.  The members, aged between 24 and 43,

Malaysia ’s closer ties to Singapore are part of a broader push by the former to use its chairmanship of the Association of Southeast Asian Nations this year to forge stronger links with its nearest neighbours, as global trade networks become increasingly balkanised.

Malaysia wants ASEAN to build collective power in negotiating regulations with social media platforms, but analysts say resistance from member states and Big Tech might prove too much.

The Johor-Singapore Special Economic Zone (JS-SEZ) is seen as a transformative project for both nations, with substantial economic, social and industrial benefits.

THOMSON Medical expects to report a loss after tax for the six months ended Dec 31, 2024, following a preliminary review of the unaudited financial results. Read more at The Business Times.

By combining Singapore’s innovation ecosystem with Johor’s physical capacity, the JS-SEZ has the potential to reshape the region’s AI and data infrastructure landscape.

As Malaysia exits an era of political turmoil, its fifth prime minister in the last six years is pushing to transform the country into a tech hub.

Chinese coffee chain Luckin Coffee has entered the Malaysian market with the opening of two new outlets in Kuala Lumpur. The move is part of a strategic expansion with 200 store openings across the country up to 2028, as reported by World Coffee Portal.

The chain is expected to copy its successful China playbook of promotions and steep discounts in Malaysia. To commemorate the launch, Luckin priced its beverages as low as 2.99 Malaysian ringgit ($0.67). A Starbucks americano costs about 11 ringgit ($2.50).