News & Reviews:   investment

After the public backlash due to the implementation of the public domain name system (DNS) redirection over the weekend, Communications Minister Fahmi Fadzil decided to make a U-turn by asking MCMC to call it off for the time being. While the internet rejoiced, the future may not seem bright for Malaysia.

After Microsoft’s RM10.5 billion investment announcement, Tengku Zafrul also said that Google would announce an investment in Malaysia soon. Today, Google marked a new milestone with the commitment of a US$2 billion (~RM9.4 billion) investment in the country, including the development of its first Google data centre and Google Cloud region here.

At the Microsoft AI Day today, Satya Nadella, Chairman and CEO, Microsoft announced that the company will invest US$2.2 billion (~RM10.5 billion) over the next four years to support Malaysia’s digital transformation. This marks the single largest investment in its 32-year history in the country. 

The news about Maxis and U Mobile backing out of taking up stakes in Digital Nasional Berhad (DNB) for the 5G deal came out last night. Fast enough, U Mobile has made a statement today to clarify the situation and ensure its customers that 5G services will still get provided through the telco company. 

Touch 'n Go Group has announced a new feature for the Touch 'n Go eWallet app. From now on, users can make investments in the app with GOinvest. TNG Digital CEO Alan Ni said that GOinvest would help all Malaysians to invest and not just be limited to those who can make huge investments.

Senior Minister of International Trade and Industry (MITI), Datuk Seri Mohamed Azmin Ali yesterday announced that Malaysia has secured nearly RM2 billion investment from semiconductor company TF AMD Microelectronics (Penang) Sdn Bhd. This is following the handover of Malaysian Investment Authority’s (MIDA) approval letter to the company.

Senior Minister of International Trade and Industry (MITI), Datuk Seri Mohamed Azmin Ali yesterday announced that Malaysia has secured nearly RM2 billion investment from semiconductor company TF AMD Microelectronics (Penang) Sdn Bhd. This is following the handover of Malaysian Investment Authority’s (MIDA) approval letter to the company.

In case you didn't know, Intel has a branch in Penang, Malaysia and it was recently announced by Bloomberg.com that there's an upcoming investment. According to the source, Intel Corp will be spending $7 billion to build a new chip packaging facility to address the "endemic global semiconductor shortages".

By now, many Touch 'n Go eWallet app users should have spotted the new GO+ function inside. But if you're somehow still under the rock, GO+ is a new financial investment feature that allows the users to have a low-risk money market investment. Malaysians can invest as low as RM10.

It looks like the US government is now after Xiaomi for the same reason that they imposed a trade ban on HUAWEI. Earlier, it was reported that US individuals or companies are not allowed to invest in the Chinese tech company anymore as it was added to the blacklist of companies suspected of having ties to the ruling Chinese Communist Party. However, the good news has arrived today with an official statement from Xiaomi claiming that the restriction has now been removed.