The Business Times
business-time-50

Awards of new data centre capacity signal search for fresh ideas to benefit Singapore economy: market watchers

Yong Jun Yuan

Yong Jun Yuan

Published Wed, Jul 19, 2023 · 05:00 AM
    • Data centre operators will need to do more to prove that they can bring greater benefits to the Singapore economy amid a competitive field.
    • Data centre operators will need to do more to prove that they can bring greater benefits to the Singapore economy amid a competitive field. PHOTO: REUTERS

    THE Infocomm Media Development Authority (IMDA) and the Economic Development Board (EDB) have put the data centre industry on notice with their choice of operators allowed to grow capacity, market watchers said.

    The picks show a focus on value and a search for fresh ideas and unique capabilities that benefit the Singapore economy, including artificial intelligence (AI).

    Last Friday (Jul 14), IMDA and EDB announced that four parties would be allowed a combined 80 megawatts (MW) of new data centre capacity: data centre operators GDS and Equinix, a consortium comprising data centre specialist AirTrunk and TikTok-owner ByteDance, and software giant Microsoft.

    Data centresIMDAEDBArtificial IntelligenceSpotlight

    TRENDING NOW

    The Indonesia Stock Exchange says it has taken concrete steps with the Financial Services Authority to improve market transparency, integrity and quality.

    Indonesia stocks suffer worst plunge in nearly 30 years as MSCI proposes standalone status

    The International Energy Agency projects renewables could rise from under 30% of Asean’s power mix to over 70% by 2050 with stronger interconnection.

    The grid is the transition: Why Asean’s next energy challenge is coordination

    Minister K Shanmugam (left, centre) says the government will publicly name the CEOs and companies that voluntarily agree to assessments of their operations and supply chains.

    Firms linked to haze pledge cooperation in meeting with Shanmugam; government to table changes to haze law

    German Chancellor Friedrich Merz says Europe is facing “the most decisive moments... in defending the freedom and peace of (the) continent”.

    If Europe goes to war, the fallout will be felt in East Asia

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More