The power and water factors


Analysts point out that the main driver for electricity demand growth in Malaysia will be data centres, moving forward.

DATA centres are the latest craze in corporate Malaysia and stocks are surging as companies jump onto the multi-billion-ringgit bandwagon.

But, unlike the glove manufacturing craze in 2020 and electric vehicles in 2022, where many deals struggled to turn profitable or to even take place, the rush for data centres seems more promising, given the backing by technology giants like Microsoft, Google and Nvidia.

Subscribe now for a chance to win your dream holiday!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Wall Street set to rise as investors bet on second Trump term
Temasek aims to invest up to US$12bil in India as China weighs
Goldman Sachs profit jumps on robust debt underwriting, fixed-income trading
Tengku Zafrul: BRI Involvement strengthens Malaysia-China economic partnership
Bank Islam issues RM1bil senior Sukuk Murabahah
Ringgit closes easier ahead of US Fed meeting
PMBT disposes of Klang land for RM79mil
E-invoice implementation will not impact overall vehicle sales this year - Miti
Siab appoints new executive directors
Foreign investors cumulative inflow surges to US$598mil in 1Q24

Others Also Read