Malaysia - GoKawiil

SoftBank to invest $50 billion in Malaysia AI and data center projects

Malaysian Prime Minister Anwar Ibrahim said SoftBank plans $50 billion in investments in Malaysia, covering AI, new technologies and data centers. Anwar said SoftBank's Masayoshi Son identified sites in Kuching, Sarawak and peninsular Malaysia after a video call between the two leaders. The move follows SoftBank's recent framework agreement with Grab and Petroleum Sarawak Berhad to explore AI and digital infrastructure in Sarawak.

cnbc.com · 2026-10-26

Tony Fernandes denies AirAsia financial crisis, defends $1 billion refinancing plan

AirAsia co-founder Tony Fernandes pushed back on reports that Malaysia's government was exploring contingency plans with Malaysia Airlines and Batik Air to absorb AirAsia's domestic routes amid financial worries. He insisted the airline is financially sound and does not require a government bailout, attributing recent strain to a 58% jump in fuel costs. Fernandes clarified that the airline's fundraising effort is a $1 billion refinancing and debt restructuring plan, not the larger $3 billion figure some reports suggested.

cnbc.com · 2026-09-18