News about data centre

For 1Q2024, approved digital investments totalled RM17.

He attributed this growth to the country's strategic location, favourable government policies, proximity to Singapore, as well as attractively priced land, power, and water.

Nevertheless, Lim said the local steel industry is still challenging as it is grappling with overcapacity issues, which led to low capacity utilisation at an average of 39.

The project — known as Block 2 of the Iskandar Puteri Data Centre — was secured from TM Technology Services Sdn Bhd via its wholly owned IJM Construction Sdn Bhd, IJM said in a statement on Wednesday.

“We prefer players involved in the value chain of data centre construction over operators, as they also benefit from a surge in investment by hyperscalers.

“Overall collection has also improved significantly over the past few months.

The announcement confirms The Edge’s report last week which stated that Singtel, through its indirect  subsidiary Nxera My Pte Ltd, had been in discussions with Malaysian authorities to establish a data centre in Iskandar Puteri.

Singapore-listed Singtel, via its regional data centre business Nxera, is said to be in talks with Malaysian authorities to set up a data centre in Iskandar Puteri in the southern state, sources told The Edge.

In total, Crescendo has sold over 150 acres of land for data centre-related development, bringing in sales proceeds of more than RM790 million, cash.

"As we reevaluate our remaining land bank potential, this divestment and monetisation strategy sets the groundwork for substantial technological, economic and community advancements in Johor.