19-11-2021, 10:30 PM
Quote: -Hyundai had closed its Asia Pacific regional headquarters in Malaysia and relocated to Indonesia, after splashing US$1.55 billion (RM6.26 billion) in a new factory there.
-IBM had closed down its Global Delivery Centre (GDC) in Cyberjaya and relocated to Singapore.
-Shell moved its IT operations from Cyberjaya to India.
-Citigroup exited retail banking in Malaysia, where Citi has been in for more than six decades and shifted to Singapore.
-German IT company T-Systems sold its business in Malaysia and quit the country.
-Toyota Motor Corp invested US$2 billion to develop EVs (electric vehicles) in Indonesia from 2019 until 2023 starting with hybrid vehicles.
-Tesla and SpaceX boss Elon Musk has agreed to explore investment opportunities in the electric car battery – and even space launch station – in Indonesia following a talk with President Joko “Jokowi” Widodo.
-Facebook, Lazada, Tencent, ByteDance, Alibaba are some of the big names that have made Singapore as its regional hub, strategic location or data centre hub, leaving Malaysia behind.
-Indonesia, the Southeast Asia’s largest digital market, has attracted investments from four American tech giants – Google, Microsoft, Facebook and PayPal.
-Zoom Video Communications has chosen Singapore over Malaysia for their first R&D centre and new data centre in the region.
-Google and Facebook had bypassed Malaysia for the Apricot 12,000-km internet subsea cable project due to the unresolved cabotage policy because the corrupt transport minister and his cronies wanted “a cut” from the project.
And we have geniuses banning alcohol and 4D lottery-tickets.
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