Crashing, on repeat
Malaysia wants to be a tech hub but it’s repeating past mistakes.
You’re reading a subscriber-only post of The Malaysianist, the newsletter at the intersection of money and power by journalist Emmanuel Samarathisa.
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Today’s issue covers:
🧠 Notes on the government’s KL20 Summit
🎰 Bloomberg’s dicey scoop on a casino being mooted in Forest City
And in case you missed Tuesday’s Q&A👇🏽
The KL20 Summit was the biggest event this week. This was the government’s tech conference, where it aimed to tell the world that it’s serious in developing tech and startups.
The abbreviation KL20 stands for Kuala Lumpur 20, which signifies the Anwar government’s aspiration to push the capital city among the top 20 tech global tech hubs by 2030.
An action paper was launched. There were speeches and panels for all participants. There were also invite-only side events, that ranged from startup sessions to industry-based discussions. Some were a huddle of friends but let’s not spoil the party.