Today-Jan 31
Both Prime Minister Lee Hsien Loong and Malaysian Prime Minister Anwar Ibrahim on Monday (Jan 30) expressed a shared commitment to tackle outstanding bilateral issues and to work together for the benefit of both nations in Mr Anwar’s first official trip to Singapore since he took office. Safe and secure cross-border electronic payments as well as carbon credit projects between companies from Singapore and Malaysia are on the cards following the signing of three agreements between the two countries on Monday (Jan 30): 1. Framework of cooperation in digital economy. Among other things, it will allow businesses to transact online and across borders more easily. Such transactions may cover data related to administration documents, for example. Under the framework, both sides will also collaborate on developing safe, efficient and secure cross-border e-payment systems. 2. Framework of cooperation in green economy. Both countries will look to improve collaboration in decarbonizing their industries. Under the framework, both countries will explore collaborating on electric vehicle charging standards and the deployment of charging points for electric vehicles. They will also exchange information on low-carbon solutions, particularly in hydrogen and carbon capture, utilization and storage. 3. Memorandum of Understanding on cooperation in the field of personal data protection, cybersecurity and digital economy. This MOU will allow Singapore’s Ministry of Communications and Malaysia’s Ministry of Communications and Digital to promote cooperation in the fields of personal data protection, cybersecurity and digital economy. It will facilitate the exchange of knowledge and best practices in areas such as data protection policies and cross-border data flows. Read more at: https://www.todayonline.com/singapore/msia-spore-pm-official-visit-2098956
