SINGAPORE (Sept 18): Billionaire businessman Oei Hong Leong is upping the ante with plans of a US$5 billion ($6.7 billion) data centre business to propel Singapore forward as a new information technology and investment centre.

“Over the past decade, in the field of artificial intelligence, electronic payment and other high-tech areas, Singapore is not really in the leading position,” Oei says in a statement on Monday. “Now in the big data age, to catch up and to lead is imperative.”

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