Latest news with #Cheam
New Straits Times
07-05-2025
- Business
- New Straits Times
Equinix plans expansion of data centre facility in Malaysia as demand grows
CYBERJAYA: Equinix Inc is eyeing the expansion of its data centre facility in Malaysia following the completion of its KL1 International Business Exchange (IBX) to meet the accelerating demand for digital infrastructure across the country. Equinix managing director of Malaysia, Asia Pacific, Cheam Tat Inn said the company is in the early planning stage for its next data centre, dubbed KL2, after officially completing the second phase of KL1 data centre here. "We have seen encouraging momentum over the past year, with both our Kuala Lumpur and Johor facilities gaining traction among local and international businesses. "Completing KL1's second phase within the first year of our operation in Malaysia signals our deep commitment to helping the nation become a strategic location in the region's digital economy," he said during a media briefing at KL1 data centre today. According to Cheam, Equinix's expansion in Malaysia represents a long-term investment in the nation's digital growth. In July last year, the digital infrastructure company announced the acquisition of land from Cyberview Sdn Bhd to expand its data centre capacity with an initial investment of RM23 million. "With growing interest across both Kuala Lumpur and Johor, we remain focused on empowering businesses with high-performance, scalable and sustainable infrastructure that is globally connected and cloud enabled. "We have interconnected Malaysia data centres (KL1 and JH1) with our existing data centre campus in Singapore via Equinix Fabric, creating a powerful cross-border digital ecosystem of more than 1,000 companies across cloud and network services, IT, financial services companies and enterprises within the region," Cheam added. The completion of phase two KL1 will add 450 cabinets to the facility since its launch in 2024 and will offer a total of over 4.5 megawatts (MW) capacity. This expansion, combined with Equinix's strong presence in Singapore and Johor as well as its forthcoming entry into Indonesia, the Philippines and Thailand, will allow businesses to interconnect and exchange data across the ASEAN region.
Yahoo
07-05-2025
- Business
- Yahoo
Equinix Malaysia unit eyes alternative energy options amid expected electricity tariff hike
KUALA LUMPUR (Reuters) -The Malaysian unit of data centre firm Equinix said on Wednesday it is looking at various providers of alternative energy as it expects an impending increase in domestic electricity tariffs to raise its costs. Malaysia's government has previously announced that it will increase electricity tariffs by 14.2% in July. Various renewable energy service providers were being looked into, Equinix Malaysia managing director Cheam Tat Inn told reporters during a walkabout at the completion of the second phase of its data center in Cyberjaya. Cheam did not specify which renewable sources or a timeline. Equinix Malaysia has two data centres, Cyberjaya and Johor, with capacity of 4.8 megawatts and 2.4MW, respectively. Malaysia has recently experienced a boom in data centers with projections of a quadrupling of its facilities in the next decade from the current 18. Those presently have a significant electrical demand of at least 800MW. Technology giants including Microsoft, Nvidia Alphabet's Google, China's ByteDance and Oracle have announced billions of dollars worth of digital investments into Malaysia since last year, mostly in cloud services and data centres, powering an infrastructure boom driven by growing demand for artificial intelligence. Cheam said the Equinix Johor data centre was fully subscribed after launching in May last year. 'For our Cyberjaya data centre, it is already filling up, our customers are already moving in,' he said. Equinix has been expanding its presence elsewhere in Southeast Asia to tap the region's growth potential, acquiring three data centres in the Philippines last year, on top of operations in Indonesia, Malaysia and Singapore. (Reporting by Ashley Tang; Editing by Martin Petty)
Daily Mail
03-05-2025
- Entertainment
- Daily Mail
EXCLUSIVE Drawing of a sailing boat with hidden message that nine-year-old King Charles gifted to his matron could fetch £16,000 at auction
A rare drawing by King Charles will be up for sale at this year's Treasure House Fair in London this June, The Mail on Sunday can reveal. The picture, drawn by the young Prince of Wales when he was a pupil at Cheam school, was given by him as a gift to his matron Stella Jack in 1957. The late Mrs Jack was known affectionately as 'Dragon' by pupils at Cheam, including the nine-year-old prince. It is thought that the picture, which shows a Dragon class sailing boat, was a humorous choice that reflected the bond between the young prince and his matron. It was unearthed for the first time last year when the Jack family decided to sell it - and the buyer who snapped it up for just £1,500 in June last year, was Robert Young. 'I was staggered. Absolutely staggered,' Mr Young told the Mail on Sunday. 'We were prepared to pay a lot more because of the provenance. They're so rare. 'There are finite source, I don't know how many more they've got. 'The auctioneers wouldn't divulge it, but there's not going to be more than 10 or 12 of these in the world,' he said. For anyone doubting its authenticity, the coloured crayon drawing of the blue sail boat on paper is signed 'P. Charles' in blue ink, standing for Prince Charles. 'We're asking 16,000 for it. Another pair of drawings he did when he was even younger sold for £59,000,' Mr Young said. But the story how the art specialist found the drawing is one of serendipity - he was not even looking for works with any royal connection when he stumbled across it. 'At the time when we found them, that was not the that wasn't the governing factor that led us to them,' he said. 'I'm looking through, I don't know, 15,000 images a day or something, for the ones that hit me. And then I saw this little boat.' Mr Young says the drawing is a genuine piece of naive art by a naturally talented nine-year-old child, with significant graphic strength and a strong composition. 'I was attracted to it as an image and nothing to do with him [the King] before I read the cataloguing. 'When we saw it, we didn't see Prince Charles or King Charles, it was the boat that we saw.' After Mr Young realised who drew the work, it added to the excitement around the find. 'I thought it was such a wonderful narrative that it was painted by him. The whole provenance was really exciting,' he said. The first ever sale of the drawing went through Clevedon auctioneers on 13 June 2024. 'The auctioneers told me that the [Jack] family had others. Those, nobody has seen - no images have been published,' Mr Young said. 'We don't know what they are, and we don't know if they will ever sell them, or how many there are.' The drawing will be presented on 26th June 2025 at Treasure House Fair, almost a year since its first sale, in Royal Chelsea Hospital, London. It will feature alongside many other 'treasures' presented by 70 internationally renowned exhibitors in the fields of fine art, furniture, jewellery, watches and design. 'I'm sure we'll meet with great demand for it, I'm confident that there will be people who want it,' Mr Young said.
