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Microsoft to invest $1 billion in Malaysia to set up data centres: PM  

Microsoft Corporation will invest USD 1 billion over the next five years in Malaysia as part of a new partnership programme with Government agencies and local companies, the Southeast Asian nation’s Prime Minister stated on the first day of the week. It also comes after the country saw foreign direct investments (FDI) plunged by 68 percent last year, the biggest decline in Southeast Asia. Malaysia has defended itself as an investment destination, with the Finance Minister recently saying it was looking at incentives to help attract more FDI. The upcoming data centre region will be a game-changer for Malaysia,” Microsoft Executive Vice President Jean-Philippe Courtois said in a statement, adding it will enable the Government and businesses to ”transform” their operations. Under the programme, Microsoft will also assist up to a million Malaysians in getting digital skills by the end of 2023.

Source: CNBC

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