Latest news with #MalaysianInvestmentDevelopmentAuthority
Time of India
2 days ago
- Business
- Time of India
Malaysia to establish data centre framework to streamline policies
Malaysia will establish a data centre framework in October to streamline policies and development in the sector, the trade and digital ministries said on Tuesday. The Malaysian Investment Development Authority will be the main agency to approve all new data centre projects and investments, as well as the expansion of existing projects, the ministries said in a joint statement. Malaysia has recently seen a boom in data centres , driven by growing demand for artificial intelligence, with technology giants like Microsoft, Nvidia, Alphabet's Google and ByteDance announcing billions of dollars of investments in the country since the beginning of last year. Data centre facilities in the Southeast Asian country are projected to quadruple in the next decade from the current 18. The government's framework will ensure that policies are aligned with data centre planning in a way that will drive the growth of Malaysia's digital economy, the ministries said. "Transparent and thorough policies are important to continue reassuring investors about the goals of sustainable growth in the country's digital economy for the benefit of the Malaysian people and business sectors," Digital Minister Gobind Singh Deo said in the statement.
Barnama
2 days ago
- Business
- Barnama
Data Centre Investment Surges To RM144.4 Bln By March 2025 -- MITI
BUSINESS KUALA LUMPUR, July 22 (Bernama) -- From 2021 to March 31, 2025, Malaysia recorded 25 approved investment projects in the data centre sector, with a total investment value of RM144.4 billion. According to records from the Malaysian Investment Development Authority (MIDA), MITI said these projects were approved under the Digital Ecosystem Acceleration Scheme (DESAC) and are expected to create high-skilled, high-income jobs. 'These investments are projected to generate 1,429 new jobs, with roles requiring specialised expertise such as engineers, data scientists, big data analysts, cybersecurity engineers, and information technology (IT) engineers. 'Over 50 per cent of these roles will be high-income jobs, offering salaries of more than RM5,000,' MITI said in a written reply published on Parliament's website today. The ministry was responding to a question from Aminolhuda Hassan (PH–Sri Gading), who asked MITI to detail job opportunities arising from the expanding data centre sector and the potential economic and labour market impacts. On that front, the ministry said it will carry out a survey to assess the economic spillover effects of the data centre industry. 'MITI has identified several key parameters for data collection across four main segments in the data centre ecosystem. 'These include data centre companies and operators; major tech firms and content providers; telecommunications and mobile network operators; and equipment suppliers and service providers within the data centre industry,' it said. In addition, MITI noted that several leading global tech companies have committed to creating around 67,000 direct and indirect jobs, mainly in the IT sector and related supply chains, once their projects are fully implemented.
The Sun
3 days ago
- Business
- The Sun
Yee Lee breaks ground on RM150m automated logistics hub in Rawang
YEE Lee Corporation has officially launched construction of its groundbreaking RM150 million logistics facility in Rawang, positioning itself at the forefront of Malaysia's supply chain revolution. The YLL NexGen Supply Chain Hub in Sungai Buaya represents the company's most ambitious infrastructure investment to date. The 365,910 square feet facility will feature cutting-edge Automated Storage and Retrieval System (ASRS) technology, utilising computer-controlled robots and conveyors to maximise efficiency and storage capacity. This advanced system will automate inventory management whilst significantly improving operational productivity for clients across various industries. The logistics hub has been designed to exceed the Integrated Logistics Services (ILS) criteria established by the Malaysian Investment Development Authority (MIDA). This prestigious certification requires a 60% local incorporation rate, a comprehensive '3+1' service structure covering warehousing, transportation, and value-added supply chain management, plus warehouse space exceeding 5,000 square metres supported by over 20 commercial vehicles. 'Only a handful of industry players achieve ILS certification, and Yee Lee will soon join this exclusive group,' said Lim Ee Young, Group Managing Director of Yee Lee Corporation, during the groundbreaking ceremony attended by representatives from Majlis Perbandaran Hulu Selangor (MPHS) and key business partners. Environmental responsibility remains central to the project's design philosophy. The facility is on track to achieve GreenRE Gold Certification, joining fewer than ten industrial facilities in Selangor with such recognition. Sustainable features include:
Time of India
3 days ago
- Business
- Time of India
Malaysia to establish data centre framework to streamline policies
KUALA LUMPUR: Malaysia will establish a data centre framework in October to streamline policies and development in the sector, the trade and digital ministries said on Tuesday. The Malaysian Investment Development Authority will be the main agency to approve all new data centre projects and investments, as well as the expansion of existing projects, the ministries said in a joint statement. Malaysia has recently seen a boom in data centres , driven by growing demand for artificial intelligence, with technology giants like Microsoft, Nvidia, Alphabet's Google and ByteDance announcing billions of dollars of investments in the country since the beginning of last year. Data centre facilities in the Southeast Asian country are projected to quadruple in the next decade from the current 18. The government's framework will ensure that policies are aligned with data centre planning in a way that will drive the growth of Malaysia's digital economy, the ministries said. "Transparent and thorough policies are important to continue reassuring investors about the goals of sustainable growth in the country's digital economy for the benefit of the Malaysian people and business sectors," Digital Minister Gobind Singh Deo said in the statement.
Bangkok Post
3 days ago
- Business
- Bangkok Post
Malaysia to establish data centre framework to streamline policies
KUALA LUMPUR - Malaysia will establish a data centre framework in October to streamline policies and development in the sector, the trade and digital ministries said on Tuesday. The Malaysian Investment Development Authority will be the main agency to approve all new data centre projects and investments, as well as the expansion of existing projects, the ministries said in a joint statement. Malaysia has recently seen a boom in data centres, driven by growing demand for artificial intelligence, with technology giants like Microsoft, Nvidia, Alphabet's Google and ByteDance announcing billions of dollars of investments in the country since the beginning of last year. Data centre facilities in the Southeast Asian country are projected to quadruple in the next decade from the current 18. The government's framework will ensure that policies are aligned with data centre planning in a way that will drive the growth of Malaysia's digital economy, the ministries said. "Transparent and thorough policies are important to continue reassuring investors about the goals of sustainable growth in the country's digital economy for the benefit of the Malaysian people and business sectors," Digital Minister Gobind Singh Deo said in the statement.
