Digital Halo Pte Ltd, a Singapore-based data center operator, has recently secured a PhP 2.78 billion (US$46.9 million) project financing for the expansion of its inaugural MNL1 data center campus in the Philippines. The loan was granted by Rizal Commercial Banking Corporation (RCBC), one of the largest commercial banks in the Philippines, and represented the first ever data center project financing in the archipelago, according to Digital Halo’s Linkedin post.
The multi-billion Peso funding will be used to fund the construction and development of the MNL1 data center campus, a carrier neutral, Tier 3, hyperscale and AI ready facility. Digital Halo MNL1 is the first of three buildings in a planned 70MW campus located on a 3.75-hectare parcel of land in Luzon, near the Central Business Districts (CBDs) in Metro Manila.
Digital Halo’s Co-Founder and CEO Kai Goh and Finance Director Jovial Ang were instrumental in securing the funding which is backed by RCBC Capital and RCBC Trust.
“The backing by RCBC reflects a shared vision to develop critical digital infrastructure to support the digital transformation and growing digital economy in the Philippines. Their involvement underscores the strength of our governance and execution discipline, providing hyperscale and enterprise customers with confidence in Digital Halo as a trusted, long-term infrastructure partner,” said Kai Goh.
RCBC President and CEO Reggie Cariaso said, “While we have funded various infrastructures across the nation, today’s signing is yet another milestone in RCBC’s project finance history. This project marks our first-ever project finance deal for a data center facility – another bold step for the bank, underscoring our commitment to the future of the Philippine economy – one that is increasingly driven by data, connectivity, and digital transformation.”
In May 2025, w.media reported that Partners Group, one of the largest firms in the global private markets industry, has acquired a majority shareholding in the data center firm. Alongside existing shareholder ARCH Capital, the Swiss firm planned to commit around USD 400 million to support its pan-Asian expansion targeted initially at Manila and Johor Bahru, Malaysia. The first phase of JHB1 campus in Johor, Malaysia is almost completed amid the firm’s continued regional expansion.