Latest news with #DayOneDataCentersSingaporePteLtd
The Star
12 hours ago
- Business
- The Star
Data centres to drive demand for industrial property
RHB Research said interest in industrial property would also be driven by the prolonged US-China trade war. PETALING JAYA: Foreign interest in data centre investments in Malaysia remains strong, which will result in industrial property continuing to be a major investment theme, says RHB Research. The research house said interest in industrial property would also be driven by the prolonged US-China trade war. 'The performance of the property sector has been rather flat in the first two months of this year, given the market volatility arising from global concerns over US trade policies and the more recent geopolitical tensions in the Middle East. 'However, the fundamental demand for property has not changed significantly, in our view. 'The prolonged US-China trade war should continue to encourage investments into South-East Asia, and DayOne Data Centers Singapore Pte Ltd recently secured RM15bilin new debt funding for its data centre operations in Malaysia. This indicates the industrial segment should continue to drive the growth of the sector,' the research house added. Headquartered in Singapore, DayOne is a global leader in digital infrastructure, with a growing footprint across tier-one and emerging markets, including Singapore, Johor, Batam in Indonesia, Greater Bangkok, Hong Kong, Tokyo and beyond. The research house said it also expects the impact of the expanded sales and service tax (SST) to be manageable for the property segment. 'The exemption of the SST for serviced apartments built on commercial titles is a relief for industry players. The government recently clarified that this segment is now exempted from the SST, as long as the units are intended for residential use and fall under the purview of the Housing Development Act. 'In addition, essential construction materials such as cement, aggregate and sand are still subjected to a 0% tax. As such, only part of the construction component will be subject to the 6% tax, and this will only affect the industrial and commercial property segments,' RHB Research added.
The Star
11-06-2025
- Business
- The Star
Maybank underwrites RM2.5bil in landmark Islamic green financing for data centres
Maybank president and group CEO Datuk Khairussaleh Ramli KUALA LUMPUR: Maybank is underwriting RM2.5bil, which is one-third and the largest share of the biggest syndicated Islamic financing for data centres in Asia Pacific, to support DayOne Data Centers Singapore Pte Ltd's green data centres in the Johor-Singapore Special Economic Zone (JS-SEZ). In a statement, Maybank said this onshore Ringgit Islamic tranche amounts to RM7.5bil, and an equivalent US dollar-denominated offshore conventional tranche, forming a five-year, dual-currency green financing package totalling RM15bil. The borrower, WG Data Hub Sdn Bhd, a wholly owned subsidiary of DayOne, shall use the proceeds to develop Leadership in Energy and Environmental Design (LEED) Gold-certified data centres. LEED is an internationally recognised and globally utilised green building certification system. Headquartered in Singapore, DayOne is a global leader in digital infrastructure, with a growing footprint across tier-one and emerging markets, including Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong, Tokyo, and beyond. 'This landmark transaction represents Maybank's largest Islamic financing commitment to the data centre sector. It highlights our unique position and global leadership in structuring and promoting Islamic and green finance,' president and group CEO Datuk Khairussaleh Ramli said. 'As the only homegrown ASEAN bank with a presence in all 10 key markets, Maybank's regional footprint and insights give us a distinct edge in supporting clients entering the JS-SEZ. This is backed by establishing a dedicated JS-SEZ Desk, and commitment to position the zone as a vibrant regional hub.'
