‘Johor and Singapore to benefit most from Middle East shift to safe havens’
The Johor-Singapore Special Economic Zone (JS-SEZ) is anticipated to pull much of the digital infrastructure shift away from the Middle East, some market observers based in Malaysia have opined. They have pointed out that despite the energy and supply chain crises now engulfing the world, the pace of development of the JS-SEZ has not slowed […]
Yovole and Fortera Capital to invest US$ 8 billion in Singapore AI push
Singapore-headquartered data center service provider Yovole International and China-based Fortera Capital asset management firm have jointly agreed to invest over S$ 10 billion (about US$ 8 billion) over the next five to 10 years to scale artificial intelligence on an industrial scale across Asia Pacific, the firms announced today in a joint statement. The companies […]
Digital Realty targets US$5.5 billion AI investment in Singapore
NYSE-listed data center platform Digital Realty today announced it is targeting nearly S$7 billion (US$ 5.5 billion) of total investment in Singapore, including S$4.3 billion (US$3.4 billion) specifically for data center new builds. The firm also plans to launch a Digital Realty Innovation Lab (DRIL) in 2H 2026 to allow customers to develop, test and validate […]
NTT DC REIT mulls buying data centers in Frankfurt and Tokyo
Singapore-listed NTT DC REIT is mulling the purchase of data centers in Frankfurt and Tokyo, according to Yutaka Torigoe, CEO of the REIT manager during a webinar with potential investors yesterday. The proposed acquisitions are part of the real estate investment trust’s (REIT) growth strategy to increase Tier 1 market exposure through acquisitions of high […]
AirTrunk hires Citigroup, DBS, Jefferies for Singapore REIT IPO: Report
Australia-based data center operator AirTrunk has appointed Citigroup, DBS Group Holdings and Jefferies Financial Group to help prepare for a real estate investment trust (REIT) listing in Singapore that could raise US$1.5 billion, according to Bloomberg quoting people familiar with the matter. The initial public offering (IPO) might take place some time this year, the […]
Microsoft to spend US$ 5.5 billion from 2025 to 2029 to power Singapore’s AI
Microsoft is on track to spend US$ 5.5 billion from 2025 until the end of 2029 to power Singapore’s AI future, Microsoft Vice Chair and President Brad Smith announced yesterday in a press release. Smith also announced free access to Microsoft 365 Premium with Copilot for every tertiary student and free AI training through Microsoft […]
TeleChoice bids for data center project in Malaysia
Singapore-based ICT firm, TeleChoice International Limited, has been shortlisted to design and build a data center project in Malaysia, the portfolio company of ST Telemedia said in an exchange filing last week. The bid was jointly submitted with “certain consortium partners” which were not named in the filing. If successful, the consortium will finalise the […]
EPG closes US$ 100 million in Series B+ financing to scale global expansion
EPG, a Singapore-headquartered data center modular infrastructure provider, has closed over US$ 100 million in Series B+ financing following the completion of the firm’s Series B financing earlier this year to advance its international expansion, the company says in a press release today. The financing was led by Decarbonization Partners, a joint venture between BlackRock […]
CapitaLand Ascendas REIT to invest S$ 1.3 billion in Singapore and Japan assets
CapitaLand Ascendas REIT (CLAR) will invest S$ 1.31 billion (US$ 1 billion) to acquire three assets in Singapore and Japan, as it expands its logistics, business space and data center portfolio. The REIT acquisitions are expected to lift distributions on a pro forma basis, distribution per unit (DPU) would rise by about 2.1 percent, or […]
Empyrion Digital inks MOU with CypressTel to anchor connectivity in Asia
Singapore-based data center developer and operator Empyrion Digital announced recently that it has entered into a Memorandum of Understanding (MOU) with Cypress Telecom Limited and its affiliate DataShell to provide low-latency network services and interconnection-ready data centre capacity across Asia. CypressTel is a carrier-neutral global network service provider. Under the terms of the MOU, CypressTel […]