Asia’s revised data laws shape the region’s business environment
Roald Chao compares recent updates in Malaysian and Singaporean data protection regulations, and analyses their impact for business.
Historically, Malaysia has had a hand in the technology manufacturing sphere going back as far as 1972 when Intel first opened their semiconductor factory in Penang. Now caught between the US and China chip war, Prime Minister Anwar Ibrahim has approached US technology companies to attract new technology investment. The recent influx of investment commitments from international technology firms (AWS, NVIDIA, Oracle, etc.) to Malaysia creates a new challenge for Malaysia’s data protection laws. Collectively, investments pledged by technology firms reached 74.5 billion Malaysian ringgit (£13.58 billion) for building new AI, data and cloud services centres.
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