Google held a groundbreaking ceremony for its first US$2 billion data centre and cloud infrastructure in Elmina Business Park, Selangor.
Google’s US$2 billion investment in its new data centre and cloud region in Malaysia is projected to generate US$3.2 billion in gross domestic product (GDP) growth and create 26,000 high-skilled jobs over the next five years, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.
Malaysia’s Finance Minister II, Datuk Seri Amir Hamzah Azizan, in his keynote address announced the financial incentive package for the Forest City Special Financial Zone (“FCSFZ”) on 20 September 2024.
Forest City, dubbed as the ‘Jewel of the South’, is strategically located on four reclaimed islands in the Straits of Johore between the State of Johore and Singapore and has been declared a duty free zone recently.
To develop the FCSFZ into a preferred regional financial hub similar to Shenzhen in China and the Dubai International Financial Centre in the United Arab Emirates, the Finance Minister II announced a number of tax incentives
Azmi & Associates released a number of articles from the months of August and September. Click on the links below to read the article(s).
- Navigating Legal Requirements – Living in Sarawak, Malaysia
- Conflict of Laws in Maritime Disputes and Arbitration
- Structuring Successful Carbon Projects: Legal and Contractual Essentials
- Navigating ESG Compliance in Malaysia’s Maritime Industry
- Recoverability of Liquidated Ascertained Damages
- Johor: A Magnet for Investment and Growth
- Navigating Takeover Offers in Malaysia: Managing the Conflict of Interest of Directors
- Regulatory Framework of Real Estate Investment Trusts in Malaysia
- Guide for Local and Foreign Investors for Buying or Leasing Industrial Land in Penang
- Foreign Investors’ Guide to Semiconductor Investment in Malaysia
Oasis International School – Kuala Lumpur is pleased to announce it has been recognized as an Apple Distinguished School for the 2024–2027 program term. Schools apply and are selected for this distinction based on their commitment to continuous innovation in education and using Apple products to inspire, imagine, and impact teaching and learning.
Apple Distinguished Schools are centers of leadership and educational excellence, with a clear vision for how technology-rich environments support learning goals. In Apple Distinguished Schools, forward-thinking leaders and their communities work to inspire, imagine, and impact teaching and learning, and they have documented results of academic accomplishments.
Schools all over the world are using iPad and Mac to transform learning. As teachers incorporate technology into their lessons, they empower students to lead, learn, and thrive, to discover new opportunities, and to make their world a better place.
OIS believes that technology not only fosters creativity and innovation but also leads to deeper and more meaningful learning. They engage technology as a fundamental part of the learning process. Receiving this recognition is a testament to the incredible work in and outside of the classrooms to create a high-quality integrated learning environment. OIS is proud to be recognized in this accomplishment and look forward to carrying this momentum forward for the success of all in the community.
On 5 September 2024, Malaysia’s Ministry of Transport (‘MOT’) published the Malaysia Aviation Decarbonisation Blueprint¹ (‘Aviation Blueprint’). The aviation sector has undergone rapid growth over the years in order to meet increasing demand, and this has certainly become more evident in these post-pandemic times.
However, as a major contributor to carbon emissions, this sector has at the same become a challenge to the country’s goal to be carbon neutral by year 2050. To that end, the Aviation Blueprint represents Malaysia’s strategy with regards to managing the carbon footprint of the aviation sector, with the overarching objective of driving sustainable development.
On September 20, AMCHAM was pleased to host a high-level Digital Roundtable discussion at our office. This exclusive session featured key participants from the U.S. Trade and Development Agency (USTDA), including:
- Enoh T. Ebong, Director, USTDA
- Thamar Harrigan, Chief of Staff and White House Liaison, USTDA
- Verinda Fike, Regional Director for the Indo-Pacific, USTDA
- Murni Ali, Senior Country Representative for Malaysia, USTDA
The roundtable discussion focused on advancing digital infrastructure across key sectors such as clean energy, healthcare, and transportation. Notable projects mentioned included the Urban Observatory in Iskandar and smart city initiatives in Johor and Sepang.
The discussion delved deep into ongoing challenges such as the rapid growth of data centers, national security concerns, and the need for policy frameworks. The session highlighted bilateral opportunities between U.S. and Malaysian companies, as well as future partnerships in support of Malaysia’s digital transformation.
