By ETHAN Markoff
November 11, 2011
MALAYSIA NEWS - Toshiba and IBM, both Fortune 500 companies, will pump about RM1.2bil in Malaysia as the country estimates of reaching US$10bil (RM3.1bil) this year in foreign direct investment (FDI).
Japanese electronics Toshiba and computer giant IBM have plans of enhancing their presence and growth in Malaysia with new investments of RM268mil and RM1bil respectively.
US-based Akamai Technologies has also been learned of investing in the country.
Toshiba will be making Malaysia its global supply chain hub along with R&D and turnkey for the South-East Asian market for its transmission and distribution equipment. IBM on the other hand will be pouring fresh capital over the next five years to set up Global Technology Services Delivery Centre in Cyberjaya.
It is estimated by 2017 Toshiba will be creating 668 jobs and contributing about RM304.8mil in gross national income of Malaysia.
In last one year under Economic Transformation Programme (ETP) the country has created 389,263 potential new jobs, said Prime Minister Datuk Seri Najib Razak.
He added, "These investments highlight increasingly positive investor sentiment, buoyed by the progress of the ETP which underlines our commitment to transform the economy."
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| IBM Tower, Malaysia |
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| Toshiba laptop launching in Singapore |
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| Petronas Towers, Malaysia |
November 11, 2011 | 0
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