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Barnama
20 hours ago
- Business
- Barnama
SPUT Disburses RM7.5 Mln To 1,809 Micro-Entrepreneurs In Sabah
PENAMPANG, June 22 (Bernama) -- A total of RM7.5 million has been channelled to 1,809 micro-entrepreneurs, mainly hawkers and small traders operating in markets and Tamu, across Sabah under the Tamu Entrepreneur Financing Scheme (SPUT) since its launch in 2023. Entrepreneur and Cooperatives Development Minister Datuk Ewon Benedick said the scheme reflects the commitment of The National Entrepreneurial Group Economic Fund (TEKUN Nasional) to empower the people's economy through micro-financing support, particularly for rural communities and small business owners in need of capital to grow. He was speaking at the opening of the Tekun MADANI Mini Carnival at Tamu Desa Inobong here today.
Straits Times
12-06-2025
- Business
- Straits Times
DayOne gets $4.6 billion funding for Johor data centres
A DayOne data centre in Johor. The state has about 30 data centre projects completed or under construction, plus 20 more awaiting approvals. PHOTO: DAYONE Kuala Lumpur – DayOne Data Centers Singapore secured RM15 billion ($3.6 billion) of multicurrency financing to support its green data centers in Malaysia's Johor state, OCBC said. OCBC and its Malaysian unit OCBC Bank (Malaysia) acted as joint coordinators for the syndicated financing, which comprises a RM7.5 billion Islamic financing and a US$1.7 billion (S$2.2 billion) offshore term-loan facility, the bank said. The proceeds will be used for both refinancing and capital expenditure of DayOne's data centres that are expected to obtain green digital infrastructure certification, it said. DBS Group Holdings said that it was also involved in the syndicated financing, along with United Overseas Bank, CIMB Group Holdings, Malayan Banking, Credit Agricole CIB and Standard Chartered. UOB said the financing was one of the largest in South-east Asia for data centres and the biggest green Islamic syndicated facility in Malaysia. Maybank said it underwrote RM2.5 billion, or the biggest portion, of the Islamic financing tranche for DayOne. DayOne's anchor data centre campuses will be located at Nusajaya and Kempas Tech Parks in Johor, and will be part of investments into the Johor-Singapore Special Economic Zone, it added. Malaysia is turning into a beneficiary of Asia's growing need for data centres to support the boom in artificial intelligence. Johor has about 30 projects completed or under construction, plus 20 more awaiting approvals. Companies investing have included Microsoft and ByteDance. Johor is expected to host 60 per cent of Malaysia's total data centre capacity by 2030, Trade Minister Zafrul Aziz said in a speech delivered at the signing ceremony for the syndicated financing. DayOne, formerly the international arm of China's GDS Holdings, is now an independent group after deconsolidation. The facility, which is its biggest-ever loan, would be among the largest syndicated financings for the sector by a borrower in Asia, Bloomberg News reported. Earlier this month, DBS and UOB jointly arranged a 6.7 trillion rupiah (S$530 million) loan to fund a data center project in Indonesia that DayOne is helping to develop. BLOOMBERG Join ST's Telegram channel and get the latest breaking news delivered to you.
Barnama
11-06-2025
- Business
- Barnama
Maybank Underwrites RM2.5 Bln For Dayone's Green Data Centres In JS-SEZ
KUALA LUMPUR, June 11 (Bernama) -- Maybank is underwriting RM2.5 billion, which is one-third and the largest share of the biggest syndicated Islamic financing for data centres in Asia Pacific, to support DayOne Data Centers (DayOne) green data centres in the Johor-Singapore Special Economic Zone (JS-SEZ). This onshore ringgit Islamic tranche amounting to RM7.5 billion, and an equivalent US Dollar-denominated offshore conventional tranche, form a five-year, dual-currency green financing package totalling RM15 billion. The borrower, WG Data Hub Sdn Bhd, a wholly owned subsidiary of DayOne, shall use the proceeds to develop data centres of Leadership in Energy and Environmental Design (LEED) Gold-certified and above. LEED is an internationally recognised and globally utilised green building certification system.
Business Times
11-06-2025
- Business
- Business Times
DayOne raises RM15 billion in green financing to develop Johor data centres
[KUALA LUMPUR] Singapore-based DayOne Data Centers has secured RM15 billion (S$4.6 billion) in dual-tranche green financing to support capital expenditure to develop its Johor data centres, setting a record for sustainable data centre funding in Malaysia. OCBC, in a statement on Wednesday (Jun 11), said the financing facility comprises a RM7.5 billion Murabahah term financing facility and a US$1.7 billion offshore term loan. (Murabahah term financing is a method of financing following Islamic finance principles, in which a bank or financial institution sells an asset to a customer at a cost-plus-profit price, rather than charging interest.) Structured under Green Loan Principles, the proceeds will be used for refinancing and capital expenditure for DayOne's data centres that meet or are expected to meet LEED 'Gold' certification or higher, in line with the United States Green Building Council's standards. (LEED is Leadership in Energy and Environmental Design.) The deal drew strong interest from among local and international banks, achieving an oversubscription of two times, said OCBC. OCBC Bank (Malaysia) and its parent, the Singapore-based Oversea-Chinese Banking Corporation, acted as joint coordinator, mandated lead arranger and bookrunner (MLAB), as well as green financing coordinator; OCBC Bank was also the joint syariah adviser. Tan Chor Sen, chief executive officer at OCBC Bank, said: 'As a key MLAB, we supported DayOne with one of the highest underwriting commitments, reflecting our commitment to fostering a sustainable future that aligns with our leadership in responsible finance.' OCBC's senior banker and head of investment banking, Tan Ai Chin, said the innovative 'double-green' structure – merging Islamic and ESG financing – sets a new benchmark for the market. 'We remain dedicated to delivering tailored ESG financing solutions to support sustainable digital infrastructure ecosystems,' she said. Other participating MLABs were CIMB Investment Bank, CIMB Bank Singapore, Crédit Agricole Corporate & Investment Bank, DBS Bank, Maybank Investment Bank, Standard Chartered Bank Singapore, United Overseas Bank and UOB Malaysia. Headquartered in Singapore, DayOne is a fast-growing global digital-infrastructure platform with operations across Tier-1 and emerging markets, including Malaysia, Indonesia, Thailand, Japan and Hong Kong.
Hype Malaysia
30-05-2025
- General
- Hype Malaysia
Remaining Highland Towers To Be Demolished For Up To RM7 Million?
One of Malaysia's most haunting landmarks may finally meet its end, over three decades after tragedy struck. The notorious and tragic Highland Towers in Hulu Keang, Selangor. Known for the collapse of Tower Block 1 in the heavy rain, which took 48 lives in 1993. Once a symbol of upscale living, the now-abandoned complex has long stood as a ghostly reminder of the past, drawing concern from nearby residents and urban explorers alike. Over the years, safety risks and community complaints have reignited calls for its demolition, raising the question: what should become of this scarred site? A decision on whether the two remaining Highland Towers blocks can be demolished is expected in two months, with the Ampang Magistrate Court scheduled to deliver its verdict on July 25. The Ampang Jaya Municipal Council (MPAJ), which filed for a court order last year, has been actively pursuing the clearance of the abandoned structures after years of inaction and public concern. According to MPAJ deputy president Hasrolnizam Shaari, the council must wait for the court's ruling before proceeding with any demolition work. 'Once the court delivers its verdict, MPAJ has to inform the state government. Only after receiving the state government's input can MPAJ move forward,' he said during the council's monthly full board meeting held at Menara MPAJ, Pandan Indah. In light of the repeated complaints from nearby residents, the council began the process of demolishing the remaining blocks. MPAJ president Dr Ani Ahmad had stated that demolition notices would be issued to the property owners and that the process would follow Sections 87, 88, and 89 of the Street, Drainage and Building Act 1974 (Act 133) — laws that relate to public nuisances and buildings unfit for habitation. While the cost of demolition would cost a pretty penny of RM6 million and RM7 million, the abandoned blocks could be transformed into a public recreational park, according to stalled plans from 2018 by then Housing and Local Government Minister Zuraida Kamaruddin. Should the court grant approval and the Selangor state government give the green light, MPAJ will finally be able to proceed with the long-delayed demolition. What comes after remains unclear, but residents and urban planners alike hope it will bring closure and new opportunities for the community. If the court and state government approve, MPAJ can finally proceed with demolishing the long-abandoned Highland Towers blocks — a move many hope will bring closure and spark new possibilities for the site. At the same time, the council is advancing wider urban upgrades with RM7.5 million allocated for local infrastructure and an additional RM25 million from state and federal sources to support roadworks, public amenities, and pedestrian-friendly projects, reflecting a broader push for people-focused development in the area. What would you do with the Highland Towers? Source: The Star Gan contributed to this article. What's your Reaction? +1 0 +1 0 +1 0 +1 0 +1 0 +1 0
