News by Aris Riza Noor Baharin

YTL Power International Bhd (KL:YTLPOWR) is planning to develop a new gigawatt data centre campus in Johor with a state-owned firm.

Kumpulan Jetson Bhd (KL:JETSON) on Friday announced that an independent forensic review it had commissioned into disputed payments and an employee share option scheme (ESOS) executed in and around June 2025 has found anomalies.

GDB Holdings Bhd (KL:GDB) has secured a RM439.4 million contract with Magma Kiara Sdn Bhd, a wholly-owned subsidiary of Magma Group Bhd (KL:MAGMA), to construct a mixed-use tower in Mont Kiara called the Wolo Hotel & Residences.

LSH said the company has achieved an aggregate profit after tax of RM238.52 million for the most recent three financial years, including RM102.08 million for the latest year.

Scottish-based global data and analytics company Wood Mackenzie (WoodMac) warns that Johor’s data centre projects could consume 40% of the state’s electricity demands by 2035, an increase of around 24%, putting pressure on the state’s grid infrastructure to keep up with demand.

Mesiniaga Bhd (KL:MSNIAGA) and I-Bhd (KL:IBHD) have teamed up to develop a central platform aimed at connecting multiple systems in i-City in Selangor.

To prepare Selangor for the next step in Industry 4.0, the state government officially launched the IoT Enabled Industrial Park (IEIP), an initiative that promotes the implementation of smart technologies across selected industrial parks in the state.

Malaysia is stepping up its push to develop artificial intelligence-enabled (AI) cities, positioning technology as a driver of productivity, efficiency and sustainability. At the Smart City Expo KL, Malaysia Digital Economy Corporation (MDEC) CEO Anuar Fariz Fadzil said the agency is working closely with city councils to embed AI-enabled digital tools into urban systems.