PM announces Microsoft partnership under US$1b Bersama Malaysia initiative -A+A KUALA LUMPUR (April 19): The government has announced its partnership with Microsoft under the Bersama Malaysia initiative, which will see the hyperscaler establish its first data centre region in Malaysia.
In a statement, Prime Minister Tan Sri Muhyiddin Yassin said the initiative will see investments amounting to US$1 billion (RM4 billion) over the next five years.
He said Microsoft’s data centre region will effectively consist of multiple data centres, managing data from various countries.
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“As I understand it, according to International Data Corporation, the ripple effects of the data centre region investment today could translate to US$6.90 of revenue generated in the local cloud ecosystem for every US$1 of Microsoft Malaysia’s cloud revenue by 2024.
“It is estimated that it will help create 19,000 jobs including 4,000 IT-related jobs amongst its cloud users,” said the prime minister.
He also welcomed the public-private partnerships formed by Microsoft and its partners, including the Malaysian Administrative Modernisation and Management Planning Unit (MAMPU), Human Resources Development Fund (HRDF), Petronas, Celcom and Grab.
These partnerships are expected to assist in skilling up to one million Malaysians by 2023, Muhyiddin said.
The memorandums of understanding for these partnerships will be signed today.
“As we cement the Microsoft partnership today, I hope this is just the first green shoots of a broader meadow of investments in Malaysia, for Microsoft and other data players.
“This significant investment from Microsoft further fortifies Malaysia’s position as a potential regional data hub and we stand ever ready to welcome more such partnerships as we work with our stakeholders to continually improve Malaysia’s value proposition in this big data space,” he said.
The partnership is in line with Malaysia’s MyDigital initiative and the Malaysia Digital Economy Blueprint, which was unveiled in February 2021.
Under the blueprint, the government had said that it granted conditional approvals to four cloud service providers (CSPs) — hyperscalers Microsoft, Amazon, Google and local telecommunications giant Telekom Malaysia Bhd.
Muhyiddin previously said these CSPs will invest between RM12 billion and RM15 billion over the next five years.
"Russia's RDIF sovereign wealth fund said on Monday it had agreed with Hualan Biological Bacterin to produce more than 100 million doses of the Sputnik V vaccine against COVID-19 in China."
iPlay.. No more bullets for you is fine as long as you are already holding from earlier and haven't sold yet. Your investment is going to grow into something unbelievable. Mark my words. Popcorn I have lots to spare lol
..... Bersama Malaysia initiatives..... not sure of the details.... but partnering with Microsoft is not the best choice la... Microsoft is far behind Google and others la in this field... but I could be wrong...
Esperian.. Could be new updates or just repeat the same good news from last week but this time in Mandarin for the non English speaking investors. Most people missed the unbelievable zoom briefing last week when the insane profit projections was shared by the md. I was so lucky to happen to tune in and I grabbed as much stock as I could possibly swallow the next morning. Now happily eating popcorn. Lol
Experienced players have been monitor operators signal and experienced players can sell their huge amount of shares very fast in future by monitoring operators buying support ( signal). BUT ..... newcomers, I would like to say sorry to you.
It is a good game to play as bought the shares last week.
here comes the sour people claiming bought last week, bought at ATL, bought during grandmother grandfather times. and said tell everyone to sell now because only MOU, LOL
Mr Eg is a respected man in china and russia. Due to his relentless effort to promote distant healthcare few yrs bak. One of the pioneer in china to push for teledoc and telehealth back in 2015.
Do not think this is a pump and dump. All these are fruits of multi years cultivation like glove. When opportunity arise. It is for the well prepared.
everyday 20% quite healthy...u c the sedania store nex door...one day win ucrest already...i initiallly thought sedania got 4 billion contract from microsoft...that why 100% up...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Alfonso
3,116 posts
Posted by Alfonso > 2021-04-19 16:35 | Report Abuse
lobangking please pray for tomorrow reached your TP