10/09/2025

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BIZ & FINANCE WEDNESDAY | SEPT 10, 2025

Nokia partners EBB on data centre security

New commission to tighten rules on BNPL, non-bank credit KUALA LUMPUR: The Consumer Credit Commission (SKP) will regulate the businesses of non-bank creditors and credit service providers, including the buy-now, pay-later (BNPL) schemes, said Deputy Finance Minister Lim Hui Ying. She said the SKP has been established under the Consumer Credit Act 2025 (CCA), following the recent passing of the Consumer Credit Bill 2025 in Dewan Negara. “Under the CCA, credit providers are required to comply with responsible conduct requirements, including assessment of borrowers’debt affordability,”Lim said during the question-and-answer session in the Dewan Negara yesterday. She said this in response to a question from Senator Tiew Way Keng, who asked about the government’s move to regulate BNPL services as soon as possible, thereby preventing the public, especially youths, from falling into debt traps that could affect their future. Lim said the SKP will also implement a complaint management system to ensure that credit providers and service operators under its supervision handle complaints effectively. – Bernama This partnership supports Malaysia’s National Cloud Computing Policy and addresses the stringent requirements of the banking and financial services industry, positioning EBB and Open DC as key innovators in the nation’s digital infrastructure. As part of the contract agreement, Nokia’s IP network solution will be used by EBB to interconnect six AI data centres spanning CJ1 Cyberjaya, JB1 Menara MSC Cyberport and JB2 Menara Ansar at Johor Bahru, PE1 Menara Suntech and PE2 Bayan Lepas Industrial Park at Penang, and the upcoming D8-1 in Kedah to provide a more reliable network with improved security and superior network performance. In addition, Nokia has entered into a MoU with EBB to collaborate in the fields of data centre solutions and quantum-safe networks (QSN). The two companies will develop a joint go to-market strategy for data centre and AI connectivity offering QSN, enterprise connectivity and value-added services for data centre tenants, including multi-cloud KUALA LUMPUR: Nokia has signed a contract agreement with Extreme Broadband (EBB) and its wholly owned subsidiary Open DC to upgrade Open DC’s artificial intelligence (AI) data centres, ensuring superior security and network performance.

assistance to mediate between Bina Puri and its lenders. This represents a major milestone in Bina Puri’s efforts to restructure its debt, and to restore itself to a solid financial position and effectively addressing its liabilities to ensure future sustainability.” He added they are now preparing themselves to take on new opportunities and actively tendering for projects across Sarawak and the rest of Malaysia. With all these efforts, he said Bina Puri is increasingly on better footing and confident that they will successfully restore the financial health of the group and ultimately enhance shareholder value. Hanil Electric Co Ltd CEO Kang Jae Sung said that as they expand their footprint in Southeast Asia, they are confident that this collaboration will not only enhance their market presence in Malaysia but also open up new opportunities across the region. For the fiscal year ended June 30, 2025, Bina Puri recorded a net profit of RM2.65 million, returning to the black from a RM15 million loss a year earlier. Revenue jumped 66% year-on year to RM278.8 million. industry. Our field-proven IP solutions empower data centre operators to achieve unmatched reliability and scalability while efficiently meeting the evolving demands. The deployment will enable Open DC to leverage our data centre switching, automation and quantum-safe networking technologies to provide a crucial business edge to their customers.” Nokia’s Data Centre Fabric, Data Centre Gateway and quantum-safe network solution will be used to modernise Open DC’s data centres, in line with the evolving needs of the enterprises and ensuring long-term scalability and security. Nokia’s field-proven 7250 Interconnect Router and 7220 Interconnect Routers are also part of the solution to make the network more energy-efficient.

deliver exceptional value to our customers and contribute to Malaysia’s economic growth under the MyDigital policy. Nokia’s solutions will enhance our security, scalability, and sustainability, enabling us to build connectivity hubs that support AI-driven innovation and create new revenue opportunities for enterprises,” said Open DC managing director Wong Weng Yew. Nokia vice-president and head of IP networks for Asia Pacific Kent Wong said, “Nokia has emerged as a trusted partner of data centre companies across the world, supporting their efforts to build digital infrastructure that meets the demand for secure, high performance networks. This collaboration with Extreme Broadband will help us play a bigger role in Malaysia’s rapidly growing data centre

o Collaboration aims to boost Malaysia’s digital economy with stronger, scalable AI hubs connectivity and Distributed Denial of Service (DDoS) security and mitigation. They will also jointly conduct testing and validation of the Data Centre Gateway, Data Centre Fabric with Event-Driven Automation (EDA) tools and DDoS protection and mitigation. “This collaboration underscores our commitment to pioneering technologies that

Bina Puri signs MoU with Hanil Electric, eyes EPCC job for US$50m plant in Sarawak

KUALA LUMPUR: Bina Puri Holdings Bhd has entered into a MoU with Hanil Electric Group Co Ltd, a manufacturer of household appliances from Korea, in a deal that could see Bina Puri’s appointment as the engineering, procurement, construction and commissioning (EPCC) contractor for Hanil’s upcoming US$50 million (RM220 million) manufacturing plant in Sarawak. Founded in 1964, Hanil is a manufacturer of pumps, water circulation systems, ventilators, fans, and heaters, as well as other household appliances such as humidifiers, blenders, mixers, food processors, coffee makers, electric kettles, toasters, cooking grills, juice extractors, and vacuum cleaners. As part of its long-term strategic expansion into Southeast Asia, Hanil plans to develop a manufacturing plant in Sarawak with an estimated investment of approximately US$50 million. Under the terms of the MoU, Hanil will, during the planning and development phase of the manufacturing plant, keep Bina Puri informed on relevant material developments and provide Bina Puri priority to other third

parties to participate in the EPCC tender and negotiation process. Bina Puri will also be appointed as Hanil’s exclusive representative for the promotion, distribution and market development of Hanil’s products in Malaysia, while exploring expansion into other Southeast Asian markets. In addition, Bina Puri will actively consider incorporating Hanil’s technology and products in its existing and future projects, aiming to enhance efficiency, sustainability, and compliance with modern building standards. Bina Puri executive director and group CEO Marcus Goh Kee Lun said: “We are extremely honoured to be selected by Hanil to become their exclusive agent in Malaysia for their premium and quality products, besides potentially being the EPCC contractor for their future manufacturing plant. This is one of the first major developments for Bina Puri since our new management was put in place in April this year. We are pleased to say that Bina Puri had in early August 2025 received a letter from Corporate Debt Restructuring Committee, a committee under the purview of Bank Negara Malaysia, approving Bina Puri’s application for

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