Malaysia

Google by Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG), has declared a $2 billion investment plan to establish its inaugural data center and Google Cloud region in Malaysia. What Happened: This initiative is the latest in a series of expansions by tech giants into Southeast Asia, home to a young, tech-...

Microsoft Corp (NASDAQ:MSFT) has announced a $2.2 billion investment in Malaysia’s cloud and artificial intelligence (AI) services over the next four years. What Happened: Microsoft’s investment is its largest in Malaysia in 32 years. The investment will be used to expand cloud and AI...

In the middle of an escalating U.S.-China tech war, Malaysia has become a significant hub for semiconductor manufacturing, attracting major global players. What Happened: As the U.S.-China tech war intensifies, Malaysia has emerged as a critical location for semiconductor manufacturing. The country...

In a recent development, Malaysia’s Ministry of Transport has hinted at the possibility of resuming the search for the missing Malaysia Airlines Flight 370 (MH370), a decade after the aircraft mysteriously disappeared. What Happened: The Ministry of Transport announced on Sunday that Ocean...

In a recent development, the jail sentence of former Malaysian Prime Minister Najib Razak has been halved by the country’s pardons board, potentially leading to his release in 2028. What Happened: The board, chaired by Malaysia’s king, made the decision earlier this week after reviewing...

Malaysia is considering implementing regulations that would require Alphabet Inc’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google and Meta Platforms (NASDAQ:META) to compensate news outlets for content sourced from them, Reuters reported. The Malaysian Communications and Multimedia Commission (MCMC...

Tesla, Inc. (NASDAQ:TSLA) is poised to broaden its global presence, with Malaysia showing a keen interest in providing a stronger foothold for the electric vehicle manufacturer, according to statements from the country’s Prime Minister, Anwar Ibrahim. What Happened: In a recent...

Malaysia’s Prime Minister, Anwar Ibrahim, is adamant about retrieving the funds Malaysians are due from the infamous 1MDB money laundering scandal, hinting at the possibility of lawsuits against Goldman Sachs (NYSE:GS). According to a CNBC report on Sunday, Anwar criticized Goldman...

On Friday, Malaysian Prime Minister Anwar Ibrahim held a discussion with Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), regarding the automaker’s investment in Malaysia and the potential of SpaceX‘s Starlink service in the country. What Happened: Anwar confirmed the conversation with Musk...

The Malaysian ringgit’s slide towards a 24-year low has raised expectations that the Bank Negara Malaysia (BNM) will intervene to halt the decline. The currency has fallen more than 5% in the past three months, underperforming all its emerging Asian peers due to domestic political...

E-commerce platform Shopee has halted the sale of the diabetes drug Ozempic, Free Malaysia Today reports. Shopee has removed the drug listings and taken action against the sellers. The company reminded sellers of their responsibility to comply with local regulations and Shopee’s own...

Meta Platforms (NASDAQ:META), the parent company of Facebook, is facing legal action from Malaysian authorities due to the company’s failure to remove “undesirable” content from the social media platform, Reuters reports. Accusations Against Meta The Malaysian Communications and...

Malaysian Prime Minister Anwar Ibrahim offered to negotiate with China over the disputed South China Sea.  What Happened: Malaysian state news agency Bernama on Monday cited Anwar saying, "China is also staking claim over the area. I said as a small country that needs oil...

Electric vehicle giant Tesla Inc (NASDAQ:TSLA) is all set to open an office in Malaysia. What happened: The Elon Musk-led EV maker’s application to import EVs to the Southeast Asian country has received approval and Tesla would also establish a charging station network for its cars in...

Following the appointment of Anwar Ibrahim as Malaysia’s new prime minister, the Ringgit jumped for the second day in a row by as much as 0.9% against the dollar, making it the best-performing currency in Asia, according to a Bloomberg report. On Thursday, the Malaysian currency appreciated 1...