News about data centre

SINGAPORE (Sept 20): The surge in demand for Internet-based services over the past few years has boosted the demand for data centre developments around the world, especially in major cities such as Singapore.

KUALA LUMPUR (Sept 7): The Employees Provident Fund (EPF) has awarded a build and migrate-based data centre cabling project in Sungai Buloh, Selangor to Mesiniaga Bhd, according to the EPF’s latest tender results.

KUALA LUMPUR (Feb 3): The market for hosting, storage, and computing cloud services is expected to be worth US$163 billion (RM660 billion) in 2021, which is an almost 30% increase over 2017, according to a new study by real estate consultancy firm JLL.

Based on Uptime Institute’s Tier Certifications system, which has become the default standard for the data centre industry, data centre classifications are divided into four tiers that match a particular business function and define criteria for maintenance, power, cooling and fault capabilities.

As landowners and real estate players vex over the dismal property outlook amidst the Covid-19 pandemic, another alternative asset class has emerged from the robust e-commerce to open up many business opportunities – data centre.

PETALING JAYA (Oct 26): Glomac Bhd is considering venturing into data centre business in the near future to diversify its investment portfolio.

KUALA LUMPUR (July 3): AIMS Data Centre (AIMS) has commenced construction on a new Tier III purpose-built data centre facility in Cyberjaya.

SINGAPORE (Aug 2): US Internet giant Google announced yesterday it will be building a third data centre in Singapore to meet rapid user growth in the region, bringing its total long-term investment in such facilities here to US$850 million (RM3.

SINGAPORE (April 5): OCBC is maintaining its “buy” on Keppel DC REIT with S$1.

SINGAPORE (March 29): OCBC Investment Research is maintaining its “buy” recommendation on Mapletree Industrial Trust (MIT) at a fair value of S$1.