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BusinessToday
4 days ago
- Business
- BusinessToday
SunCon Secures RM1.15 Billion Data Centre Contracts From US Multinational
Sunway Construction Group Berhad announce that its wholly-owned subsidiary has accepted Works Orders from a multinational technology company headquartered in the United States for the provision of General Contractor works for two data centre projects totaling RM1.155 billion. The Group expects these projects to contribute positively to the Group's earnings for the current and subsequent financial years, with completion targeted for the first quarter of 2027. Sunway Construction has secured RM3.5 billion worth of new orders to date, accounting for more than half of its 2025 order book replenishment target range of RM4.5 billion to RM6.0 billion. As a result, its total outstanding order book has risen to RM7.9 billion. Related
Malaysian Reserve
4 days ago
- Business
- Malaysian Reserve
Hextar Healthcare swings to RM3.5m loss in 1Q on lower sales, higher costs
HEXTAR Healthcare Bhd reported a net loss of RM3.5 million for the first quarter ended March 31, 2025 (1QFY2025), reversing a net profit of RM632,000 a year earlier. The loss was attributed to lower sales revenue and higher costs stemming from underutilisation of its production plant. Quarterly revenue fell 6.69% to RM37.63 million from RM40.32 million in the same period last year. In a filing with Bursa Malaysia, its MD Khoo Chin Leng said the company remains cautiously optimistic as the glove market gradually normalises, despite ongoing global trade and supply chain uncertainties, particularly from U.S. tariff policies. He acknowledged that current soft demand and weak pricing may persist in the short to medium term. Despite the challenging outlook, Khoo affirmed the group's commitment to becoming a leading healthcare industry player through continuous innovation and growth. Hextar Healthcare's shares closed 9.09% higher at 12 sen TODAY, giving it a market capitalisation of RM143.2 million. –TMR
New Straits Times
4 days ago
- Business
- New Straits Times
Sunway Construction lands RM1.15bil data centre jobs for big US firm
KUALA LUMPUR: Sunway Construction Group Bhd's subsidiary Sunway Construction Sdn Bhd has been hired by a big US-based technology company to build two data centres totaling RM1.15 billion. Sunway Construction, in a statement, said the projects are expected to contribute to its earnings for the current and subsequent financial years, with completion targeted for the first quarter of 2027. Sunway Construction has so far secured RM3.5 billion of new orders, accounting for more than half of its 2025 order book replenishment target range of RM4.5 billion-RM6 billion. As a result, its total outstanding order book has risen to RM7.9 billion. Sunway Construction group managing director Liew Kok Wing said the new projects expand its order book for the year and fortify earnings visibility over the next two years. "Our strong performance in the first quarter of 2025 reflects the sustained momentum across our operations. "We are confident that this positive momentum will continue in the current financial year, underpinned by accelerated progress on data centre projects and a robust outstanding order book, including newly-secured projects," he added.
New Straits Times
4 days ago
- Business
- New Straits Times
Johor data centres drive revenue but strain resources, says Amanah leader
JOHOR BARU: Johor's aggressive push to become Southeast Asia's data centre hub has drawn fresh scrutiny, with a leader from Parti Amanah Negara (Amanah) warning of potential strain on the state's power grid, water supply and environment. Amanah Johor deputy chief Dzulkefly Ahmad said he supports the concerns raised by Kukup assemblyman Jefridin Atan during the recent state assembly sitting, particularly over the long-term sustainability of critical resources. During the session, the Johor government was urged to review the guidelines for data centre development following concerns about environmental impact and resource sustainability. Jefridin said the main issues are high energy and water requirements to support data centre operations, which could strain existing utility systems. Dzulkefly revealed that Johor has approved 50 data centre projects within two years, including in Sedenak Tech Park, Nusajaya Tech Park, YTL DC Park and SiLC Nusajaya, with tech giants like Microsoft, ByteDance and Equinix among the investors. "The conversion of agricultural land and premium payments for industrial use are believed to be key contributors to Johor's RM2.1 billion revenue surge in 2024," he said in a statement today. Malaysia, especially Johor, has emerged as a top destination for data centre investments following Singapore's moratorium on new builds between 2019 and 2022. Investors are drawn by lower land and utility costs, proximity to Singapore, and generous tax breaks. Dzulkefly, however, warned that this growth comes at a cost. "Power demands from data centres in Malaysia have reached 11,000MW, nearly 40 per cent of Peninsular Malaysia's total generation capacity. "This could pressure the national power grid," he said. Water usage is also a concern. Environmental group Sahabat Alam Malaysia (SAM) estimates a 100MW data centre consumes over 4 million litres of clean water daily or equivalent to the needs of a town with 10,000 people. He said Johor buys 16 million gallons (60.56 million litres) of treated water daily from Singapore, exceeding the 5 million gallons (18.9 million litres) stipulated under the 1962 agreement, due to rising domestic demand. In March, the Johor government announced a RM3.5 billion plan to build three new water treatment plants to boost capacity by 41 per cent. The federal government is also investing RM1.5 billion in three water reservoirs, scheduled for completion by 2030. Dzulkefly further raised concerns over deforestation and land clearing for large-scale data centre campuses. He alleged that some centres occupy up to 138 acres (15.37ha), potentially threatening water catchment areas and biodiversity. He added that 49 per cent of the electricity used by data centres comes from coal-fired power plants, significantly contributing to carbon emissions. Meanwhile, Johor Investment, Trade and Consumer Affairs committee chairman Lee Ting Han said the state government had stepped up regulatory oversight on data centre projects with the establishment of the Data Centre Development Coordination Committee in June last year. He said the committee aims to ensure sustainable growth in the booming digital infrastructure sector. "Every application for data centre development is now subject to a multi-agency vetting process, requiring confirmation of power supply from Tenaga Nasional Behd (TNB), water supply from Ranhill SAJ, and right-of-way (ROW) clearances for infrastructure works. "Beyond basic utilities, we are also enforcing evaluations based on Power Usage Effectiveness (PUE) and Water Usage Effectiveness (WUE) to uphold international sustainability standards," Lee told the New Straits Times when contacted. He said the updated regulations also include increased scrutiny of the environmental footprint of energy-intensive data centres, particularly in high-demand zones like Johor. At the federal level, the Data Centre Task Force (DCTF) — co-chaired by the Investment, Trade and Industry and Digital Ministries — was set up to align national policy with sustainable data infrastructure growth. The task force is also expected to streamline coordination and attract high-value investments linked to artificial intelligence (AI) and cloud computing. "Data centres are vital to Malaysia's aspirations to become a regional digital hub. "We are ensuring Johor's rapid economic development does not come at the expense of its environment," Lee said. He said the state's strategic oversight model, anchored on sustainability and federal cooperation, positions Johor as a model for balanced, data-driven development under the Malaysia Digital Economy Blueprint.
The Sun
26-05-2025
- The Sun
Customs seize 272 tonnes of scrap iron worth RM1.64 million
KLANG: The Selangor Royal Malaysian Customs Department (JKDM) seized 272.6 tonnes of scrap iron worth RM1.64 million that was illegally brought in, following the detention of 14 containers at West Port Free Zone recently. Assistant Director-General of Customs (Enforcement) Raizam Setapa @ Mustapha said all the goods were confiscated after a series of inspections and seizure conducted by his department last April. He said preliminary investigations revealed that the scrap metal was imported from several countries in the Americas, Europe, and Asia, and is believed to have been brought in for recycling purposes in this country. 'Inspections found that the goods were declared as copper alloy, alternators, and used vehicle components, including aluminum powder, in Customs Form 1 to mislead the authorities. 'All the goods confirmed as scrap iron were seized for not having an Import Permit issued by the Standards and Industrial Research Institute of Malaysia (SIRIM) as outlined under Item 5, Part 1, Fourth Schedule, Customs (Prohibition of Imports) Order 2023,' he said during a press conference at Wisma Kastam, Pulau Indah here today. In other developments, Raizam said JKDM Selangor also seized 26,238 liters of alcoholic beverages worth RM188,724 after detaining a 40-foot container on May 6. He said the container arrived at Port Klang on April 22, with the goods declared as furniture. Raizam also stated that his department successfully foiled attempts to smuggle five types of commodities, including rice, chewing tobacco, and 21 units of washing machines and clothes dryers, with a total value of RM3.5 million through seizures involving the West and North Port Free Zone areas throughout April and May. 'All cases are being investigated under Section 135(1)(a) of the Customs Act 1967 for importing prohibited goods contrary to a prohibition and Section 133(1)(a) of the same act for making false declarations,' he said.
