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.