AWS' RM29.2bil investment shows confidence in Malaysia, says PM

📆 2024-08-23 12:06 AM
📰 staronline

⏱ Reading Time:
25 sec. here
11 min. at publisher
📊 Quality Score:
News: 44%
Publisher: 75%

AWS News

Malaysia,Investment,RM29.2Bil

(Reuters) - Australia's Federal Court ruled on Friday that the operator of the Kraken crypto exchange failed to comply with the design and distribution obligations for its margin trading product, Australia's corporate regulator said.

PETALING JAYA: The latest announcement by Amazon Web Services to invest about US$6.2bil in Malaysia through 2038 reflects confidence towards national stability, says Prime Minister Datuk Seri Anwar Ibrahim."Confidence shown by investors towards stability and the Madani Economy framework will result in long-term prosperous spillover for the people and the country,” said Anwar in a Facebook post on Friday .

AWS said that starting Aug 22, developers, startups, entrepreneurs, and enterprises, as well as government, education, and non-profit organisations, will have greater choices for running their applications and serving end users from AWS data centres located in Malaysia. "These jobs, including construction, facility maintenance, engineering, telecommunications, and others within the country’s broader economy, will be part of the AWS supply chain in Malaysia," it said.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AWS launches Infrastructure Region in Malaysia with US$6.2bil investment through to 2037Higher investment than the US$5.8bil first announced in 2023 Add about US$12.1 bil to GDP, support 3.5k jobs at external businesses annually It’s making a bigger commitment to Malaysia. Amazon Web services (AWS) an Amazon.com, Inc.
Source: DNewsAsia - 🏆 23. / 51 Read more »