Bangladesh

Microsoft to invest $1b in Malaysia to set up data centres

Microsoft Corporation will invest $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 said on Monday.

The announcement on what would be the U.S. tech giant's biggest investment in Malaysia comes after the country in February gave conditional approvals for Microsoft, Google, Amazon and state telecoms firm Telekom Malaysia to build and manage hyper-scale data centres and provide cloud services.

For all latest news, follow The Daily Star's Google News channel.

It also comes after the country saw foreign direct investments (FDI) plunge by 68 per cent 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. read more

It has said the investments from these cloud service providers will total between 12 billion ringgit and 15 billion ringgit ($2.91 billion-$3.64 billion) over the next five years.

As part of the Bersama Malaysia initiative, Microsoft will establish its first "datacentre region", which consists of multiple data centres, in Malaysia to manage data from various countries, Prime Minister Muhyiddin Yassin told an event marking the launch of the programme.

"The upcoming datacenter 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.

Football news:

Griezmann spoke with Hamilton and visited the Mercedes boxes at the Spanish Grand Prix
Barcelona feels that Neymar used it. He said that he wanted to return, but extended his contract with PSG (RAC1)
Aubameyang to the Arsenal fans: We wanted to give you something good. I am sorry that we could not
Atletico did not lose at the Camp Nou. Busquets' injury is the turning point of the match (and the championship race?)
Verratti injured his knee ligaments in PSG training. Participation in the Euro is still in question
Neymar's contract in one picture. Mbappe wants the same one
Manchester United would like to sign Bellingham in the summer, not Sancho. Borussia do not intend to sell Jude