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senangPay and Pine Labs Streamline Instalment Payment Plans for Malaysian Merchants

Malaysian businesses can now offer instalment payment options ranging from 3 to 24 months through a single, streamlined integration, thanks to a new partnership between senangPay and Pine Labs. senangPay, a local payment gateway under Indonesia’s DOKU, has joined forces with Pine Labs to launch an integrated Instalment Payment Plan (IPP) designed to make instalment offerings more accessible for merchants. The solution simplifies backend operations by connecting merchants to multiple major banks through one unified integration—eliminating the need for separate bank connections.     This initiative enables businesses using senangPay to offer flexible payment terms without managing multiple technical setups. Pine Labs, which provides a suite of online and offline digital payment solutions, affordability tools, embedded financial services, and credit processing systems, is enhancing its footprint in Malaysia with this collaboration. A pilot programme involving businesses across sectors—such as education, health and wellness, membership-based services, professional offerings, and e-commerce—was successfully carried out. Among the participants, fitness platform 1Fit App notably saw its transaction volume double after integrating the instalment feature. The timing of the rollout coincides with the upcoming Raya and mid-year sales seasons, where consumers typically look for budget-friendly purchasing options. Offering instalment plans is expected to help merchants attract more customers, especially for higher-ticket items, while also increasing average transaction values. (Left) Sharad Gulhar, Executive Vice President & Country Head – Malaysia, Pine Labs, (Right) Aaron Chin, CEO of senangPay. “As consumer interest in instalment payments continues to rise, businesses need smart solutions that offer greater financial flexibility. Our single-integration system with senangPay lets merchants enable IPP online without the complexity of individual bank integrations,” — Sharad Gulhar, Executive Vice President & Country Head – Malaysia, Pine Labs “At senangPay, we’re focused on delivering a robust digital payment ecosystem for businesses. By teaming up with Pine Labs, we’re giving our merchants a powerful tool to boost sales through instalment plans. This complements our existing services, which include e-wallets, BNPL, FPX, and card payments—further supporting local enterprises with seamless transaction solutions,” — Aaron Chin, CEO of senangPay

Energy & Technology, Property

Mah Sing Partners With Bridge Data Centres to Launch Mah Sing DC Hub

KUALA LUMPUR: Mah Sing Group Bhd makes its maiden entry into the data centre sector with the launch of Mah Sing DC Hub@Southville City in partnership with Bridge Data Centres (BDC). The two companies have signed a landmark collaboration agreement, witnessed by Deputy Prime Minister cum Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof. Mah Sing allocated 60.70ha of landbank at Southville City for further expansion into a leading Data Centre Hub with a planned capacity of up to 500 megawatts (MW). “While this is Mah Sing’s initial venture into the data centre sector, the collaboration with BDC on the initial 7.10ha land for a data centre with a planned capacity of up to 100MW is just the beginning. “We envision Mah Sing DC Hub@Southville City to be a holistic digital infrastructure ecosystem, meticulously designed to accommodate the demands of artificial intelligence (AI), hyperscale, retail and enterprise service providers,” the property developer said in a joint statement. The state-of-the-art facility is specifically engineered to support cutting-edge applications like AI computation and large-scale data storage. “Consequently, Mah Sing DC Hub is poised to attract a diverse clientele, including leading technology corporations, telco giants and prominent financial institutions. “This strategic move underscores Mah Sing’s commitment to enhancing Malaysia’s digital infrastructure, further driving technological innovation and economic growth in the region,” it added. Strategically located 19km from Kuala Lumpur City Centre, Southville City is a mature township equipped with the essential infrastructure to support this major development. “Within the proximity of Telekom Malaysia’s (TM) upcoming new cable landing station in Morib, Selangor, Mah Sing DC Hub will be able to provide a dark fibre network for the hub. “Expected to be completed in the first quarter of 2025, TM’s Morib landing station will be a key landing site for Malaysia,” it continued. — BERNAMA

Energy & Technology, News

ACE and Huawei Releases White Paper for the Future of Data Centre Sustainability

SINGAPORE: The ASEAN Centre for Energy (ACE) and Huawei co-developed the ‘White Paper on Building Next Generation Data Center Facility in ASEAN’, that was released at Global Data Center Facility Summit 2024 in Singapore. The white paper aims to accelerate the green and low-carbon transformation of the data centre industry in ASEAN. Driven by global digitalisation, digital transformation is booming in the ASEAN region. Massive data and huge computing demands have emerged, unlocking great potential in the data centre market. Due to the tropical climates of the ASEAN region, data centres feature high cooling requirements, high energy consumption, and power usage effectiveness (PUE) values far higher than the global average. Therefore, ASEAN governments are promoting the application of renewable energy and energy conservation technologies. ACE Executive Director, Nuki Agya Utama stated, “The white paper reflects on challenges in data centre installations and operations, as well as a comprehensive discussion on the matter of technology trends and ways to address energy consumption, cost savings, and environmental responsibility. “Moreover, it provides policy recommendations for data centre markets, both mature and emerging markets, for the development of data centres.” During the summit, ACE Head of Corporate Affairs, Andy Tirta delivered a keynote speech, “Beyond the renewable energy to support energy security in the ASEAN region, energy efficiency is the lowest hanging fruit that could be achieved by introducing advanced technology and innovation, enabling supportive financing mechanisms, policies and regulations, including the standardisation of the regional target.” The white paper summarises the four characteristics of next-generation data centres as reliable, simplified, sustainable, and smart. It calls for using efficient and energy-saving products and solutions in data centre design, development operation and maintenance to improve energy efficiency. Reliable: Reliable operation is the cornerstone of a data centre. Modular design and AI preventive maintenance are helpful in guaranteeing the safety and reliability of data centres at all levels, from components and equipment to systems. Simplified: In response to the increasing scale and complexity of data centres, the architecture and systems should be minimalist through hardware convergence. Sustainable: Innovative products and solutions can be used to build energy-efficient and low-carbon data centres that are a benefit to society. Smart: To address the O&M challenges of data centres, facility automation can be achieved with the help of digital and Al technologies. According to the white paper, utilising clean energy to power data centres is a good way of reducing carbon emissions. It recommends that ASEAN governments implement discounted electricity rates or tax breaks for data centre operators that use clean energy as their main power source. Additionally, carbon neutrality has become a global consensus. The white paper sets the direction for the ASEAN region to build reliable, simplified, sustainable, and smart next-generation data centres. Huawei will work with the ASEAN Centre for Energy to jointly accelerate the low-carbon and intelligent transformation across the data centre industry in the ASEAN region, contributing to a sustainable future.

Investment & Market Trends, News, Property

Gamuda Secures RM1.74 Bil Contracts for SDP’s Hyperscale Data Centre

KUALA LUMPUR: Gamuda Bhd’s wholly-owned unit Gamuda Engineering Sdn Bhd bagged 2 contracts worth a combined value of RM1.74 billion for the development of a hyperscale data centre at Sime Darby Property Bhd’s (SDP) Elmina Business Park. Gamuda said the project consists of 2 key phases, namely the construction phase, which has a contract value of RM815 million and the mechanical phase that is worth RM928.6 million. For the construction phase, it said Gamuda Engineering will be responsible for the construction, completion, testing and commissioning of the hyperscale data centre and associated ancillary facilities. “It is scheduled to begin on 27 May 2024, with a target completion date of 27 February 2026,” Gamuda said in a statement. For the mechanical phase, Gamuda said the contract covers the fit-out testing and commissioning of the data centre’s mechanical, electrical and plumbing systems in Elmina Business Park 1A. “This phase is expected to commence on 1 July 2025 and be completed by 9 September 2026,” it said. To meet the rising demand for data centre construction, Gamuda plans to ramp up its next-gen digital industrial building system (IBS) production capacity for data centre materials. “This strategic move positions Gamuda to capitalise on the significant opportunities,” it added. Sime Darby Property Shares Rise Sime Darby Property Bhd’s shares jumped by 7 sen to RM1.15 with 25.53 million shares traded at noon of 23 May 2024, following its announcement of doubled net profit for the first quarter ended 31 March 2024 (1Q24). The property company reported a net profit of RM123.58 million in 1Q24, up from RM60.67 million in the same quarter a year ago. Revenue also increased by 42.8% to RM978.69 million from RM685.33 million previously, with all segments contributing to the growth. RHB Investment Bank Bhd said the company is likely to exceed its RM3 billion sales target by year-end, as current bookings have already reached RM2.4 billion. “We like its strategic exposure to the industrial segment and strong earnings should continue to drive the re-rating of the stock,” it said in a note. The research firm has upheld its ‘buy’ recommendation, raising its 2024 and 2025 forecasts by 13-15% and setting a new target price of RM1.42 (up from RM1.05). — BERNAMA

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