Banks not main beneficiaries of data centre boom


HLIB Research said it did not expect banks to gain significantly from the current wave.

PETALING JAYA: Despite investments in data centres providing a boost to the local economy, the overall banking sector is not poised to be a prime beneficiary of the boom.

Hong Leong Investment Bank (HLIB) Research said it did not expect banks to gain significantly from the current wave.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Toyota still has the drive
Hurdles in DBS’ Alliance Bank bid
Metals keep shining bright
Retailers get a lift from Sara
iCents eyes Asean
Ringgit likely to trade within narrow range next week ahead of BNM OPR decision
Reading the market signals
Breathing new life into forgotten spaces
Urban harmony: Can stakeholders row together?
China’s gold rush continues

Others Also Read