Commentary: Malaysia needs to restore foreign investors’ trust amid EV, data centre policy uncertainty
- KUALA LUMPUR: In 2024, Malaysia seemed to be the darling of Southeast Asian foreign investment.
- Tech giants - Google, Microsoft, Amazon, ByteDance - poured billions into data centres across Johor, transforming the sleepy Kulai corridor into one of Asia’s fastest-growing server farm hubs.
- Electric vehicle (EV) brands from BYD to Tesla rushed in, capitalising on a four-year blanket tax exemption on imported vehicles.
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- KUALA LUMPUR: In 2024, Malaysia seemed to be the darling of Southeast Asian foreign investment.
- Tech giants - Google, Microsoft, Amazon, ByteDance - poured billions into data centres across Johor, transforming the sleepy Kulai corridor into one of Asia’s fastest-growing server farm hubs.
- Electric vehicle (EV) brands from BYD to Tesla rushed in, capitalising on a four-year blanket tax exemption on imported vehicles.
Sources: CNA