Day: July 24, 2024

KUALA LUMPUR, Malaysia benefits directly from the increased demand for data centres, as a result of Singapore’s three-year moratorium on building new data centres and expanding capacity due to the limited availability of land, said Moody’s Ratings. In a research note today, the firm said there has been an increase in investment in data centres in Johor, citing cloud services provider Microsoft’s land purchase last month from Eco World Development Group Bhd for new data centre development. ‘GDS Holdings Ltd, a developer and operator of data centres, has invested around US$3.0 billion (US$1=RM4.67) to open two data centres in Johor’s

KUALA LUMPUR, The Malaysian Industrial Development Finance Bhd (MIDF) has approved soft loans totalling RM103.54 million to automate and modernise 29 companies up to June 2024. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said these soft loans represent the government’s policy stance on incentivising local industries to embrace smart manufacturing using Industry 4.0 (IR4.0) technologies that allow for efficient production in manufacturing. In terms of talent, he noted that these new technologies will require workers with the right skill sets and the government has undertaken multiple initiatives to ensure a robust talent pipeline. ‘The success of