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Cyprus Nears US Visa Waiver Program As Refusal Rate Drops Below 3%

Cyprus has achieved a significant milestone in its efforts to join the US Visa Waiver Program, with the 2024 visa refusal rate for Cypriot citizens reported at just 2.16%. This figure, announced by the US Department of State, is well below the program’s required threshold of 3%, marking a crucial step toward visa-free travel for Cypriots.

Progress Towards Inclusion

Deputy Minister to the President, Irene Piki, highlighted the importance of this development, stating that Cyprus has met a “key prerequisite” for its inclusion in the program. She credited the progress to successful technical consultations between Cyprus and the United States over the past year.

Piki reaffirmed the government’s commitment to securing Cyprus’ inclusion in the program by 2025, allowing Cypriots to travel to the US for tourism and business without the need for a visa.

Support from US Officials

US Ambassador to Cyprus, Julie Fisher, also acknowledged the milestone, describing it as a significant step forward. She expressed optimism that Cypriots would soon enjoy the benefits of visa-free travel to the US.

What’s Next?

The Cypriot government plans to continue its focused efforts to meet all remaining requirements, ensuring the process stays on track. This achievement underscores the growing cooperation between Cyprus and the US, paving the way for stronger ties and easier travel.

As Cyprus moves closer to this goal, the prospect of visa-free access to the US represents an important development for both business and leisure travellers.

SoftBank Plans $50 Billion Investment In Malaysia’s AI And Data Centre Sectors

SoftBank Group plans to invest $50 billion in Malaysia, Prime Minister Anwar Ibrahim said, according to Bloomberg. The proposed investment would target artificial intelligence, emerging technologies and data centers, positioning Malaysia to compete for a larger share of Asia’s digital infrastructure buildout.

Proposed Projects Span Sarawak And Peninsular Malaysia

Anwar said SoftBank chairman and CEO Masayoshi Son identified potential locations in Kuching, the capital of Sarawak, and in peninsular Malaysia after the two held a video conference earlier in the week, Bloomberg reported. The prime minister described the plans as an investment proposal; SoftBank had not immediately responded to CNBC’s request for comment.

The scale of the proposed outlay would make it one of the largest announced technology investment plans in Malaysia. Its focus aligns with the country’s ambition to become an “AI nation” by 2030. The government launched a national AI action plan this year to build the capabilities and infrastructure needed to support that goal.

SoftBank Is Already Exploring Digital Infrastructure In Sarawak

The reported investment plan follows a framework agreement SoftBank signed earlier this month with Singapore-based Grab and Malaysia’s Petroleum Sarawak Berhad. The parties are exploring AI and digital infrastructure development in Sarawak, including AI computing services and other advanced technologies, according to SoftBank.

The agreement signals a broader effort to develop the systems behind AI adoption—not just software, but also computing capacity and the infrastructure required to run data-intensive services. For Malaysia, attracting projects across that stack could help strengthen its position as a regional technology hub.

Global Technology Firms Are Expanding In Malaysia

SoftBank’s reported plans come amid a wave of investment by major technology companies. Google announced a $2 billion investment in 2024 to build its first data center and cloud region in Malaysia. Amazon Web Services said it plans to invest $6.2 billion in the country through 2038, while Microsoft announced a $2.2 billion commitment to cloud and AI infrastructure and other digital initiatives.

Malaysia recorded 385.7 billion ringgit, or about $94 billion, in data center-related investments from 2021 through the first half of 2026, according to the Malaysian Investment Development Authority.

The next challenge will be translating headline investment figures into durable economic value: reliable infrastructure, skilled jobs and stronger opportunities for local businesses. The proposed SoftBank investment would add momentum to Malaysia’s effort to build that foundation, if the plans move forward.

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