13/05/2026

First page Previous page 15 Next page Last page

BIZ & FINANCE WEDNESDAY | MAY 13, 2026

Equinix to support Malaysia AI growth with KL data centre

Cape EMS revenue jumps in Q3 on Cape 2.0 drive SENAI: Cape EMS Bhd announced its financial results for the third quarter ended March 31, 2026 (Q3’26), reporting substantial top-line growth and a sharp recovery in operating margins. For the quarter under review, the group recorded revenue of RM107.7 million, a 48.8% increase from RM72.4 million in the corresponding quarter last year. Profit before tax (PBT) rose 32.3% to RM4.8 million, while profit after tax (PAT) grew 26.4% to RM4.2 million. The primary driver of this performance was a structurally improved product mix, spearheaded by the group’s wholly owned US subsidiary iConn Inc. This strategic diversification into higher-value engineering is actively replacing traditional assembly volumes, translating into a stronger operational baseline for the quarter. For the cumulative nine months ended March 31, 2026 (9M’26), Cape EMS posted revenue of RM288.7 million. Patami stood at RM15.86 million, generating basic earnings per share of 1.60 sen. Managing director and group CEO Christina Tee Kim Chin said, “Our third quarter results validate the operational reset we initiated. The concrete improvement in our bottom line proves that our pivot towards higher-value engineering is working. iConn is driving a much healthier product mix, particularly in the US market. “We are moving away from traditional, lower-margin assembly and dedicating our capital to the Cape 2.0 mandate – focusing strictly on advanced electronics, energy, AI, data centre infrastructure, BESS, and EV mobility.”

KUALA LUMPUR: Equinix, Inc, the world’s digital infrastructure company, plans to expand its presence in Malaysia with a new data centre KL2, in Kuala Lumpur. The facility will be Equinix’s long term commitment to the country as demand for digital infrastructure accelerates across cloud, AI, and enterprise workloads, supporting Malaysia’s digital economy and the region’s growing connectivity needs. Located in Cyberjaya, the new facility will be built less than 1km from Equinix’s existing data centre in the metropolitan area (KL1), further strengthening the

opportunities for growth. Designed for a wide range of small businesses, from neighbourhood retailers and traders to small service providers, BizCash lowers entry of barriers with a minimum requirement of RM4,200 in monthly revenue and at least one year of operation. Merchants can apply for financing ranging from RM10,000 to RM150,000 via a simple, end-to-end digital process within the TNG eWallet app. The facility will be integrated into Equinix’s global network and interconnected with its footprint across Kuala Lumpur, Johor, and Singapore via Equinix Fabric. By leveraging Fabric Intelligence, customers will gain advanced network observability and AI driven insights to dynamically optimise routing and bandwidth. This enables them to deploy high performance AI workloads and distributed data strategies securely and efficiently across Asean. metros, underscoring a strategic shift where businesses no longer view these markets in isolation, but instead design integrated, regional architectures spanning Kuala Lumpur, Johor, and Singapore. Equinix managing director (Malaysia) Cheam Tat Inn said, “This expansion marks an important milestone in our journey to elevate Malaysia’s digital economy. By providing AI-ready infrastructure in Kuala Lumpur and Johor responsibly, we are directly supporting national agendas to advance the country’s AI ambitions. KL2 will not only enable businesses to process data closer to the source and deploy Distributed AI with agility, but it will also drive high value job creation and build long term economic resilience for the nation.”

o New facility will boost Kuala Lumpur’s role as major regional digital hub for enterprises and cloud providers

CIMB Group commercial and transaction banking co-CEO Lawrence Loh said their collaboration with TNG Digital on BizCash reflects CIMB’s continued focus on leveraging digital partnerships to expand access to financing for micro and small businesses. Through this partnership, he added they aim to support more businesses in managing their cash flow effectively while enabling them to pursue new upcoming JH2). Representing a total investment of over US$190 million (RM745 million), KL2 will deliver more than 2,200 cabinets when fully built out. To address this strategic imperative for scalable, low-latency, and highly interconnected digital infrastructure, KL2 will provide a reliable platform for mission critical workloads once operational. It will support digital-native companies, hyperscalers, and multinational enterprises as they expand in the region, enabling them to scale efficiently, deploy Distributed AI and hybrid multi cloud architectures across Asean, and deliver faster, more seamless digital experiences. Since its launch, KL1 has cultivated a rich, diverse ecosystem, with its direct customer base comprising network providers, enterprises and cloud and IT services. Notably, more than two thirds of these customers (Equinix data) operate across multiple

company’s growing ecosystem of network providers, cloud platforms, and enterprises in Malaysia. KL2 marks Equinix’s fourth data centre in Malaysia, expanding a robust national footprint that includes its existing Kuala Lumpur site and significant ongoing investments in Johor (JH1 and the

Equinix’s expanding operations in Kuala Lumpur and Johor aim to support Malaysia’s growing digital economy and AI ambitions.

TNG Digital launches BizCash for SME financing KUALA LUMPUR: TNG Digital Sdn Bhd, the operator of digital financial services and lifestyle app TNG eWallet, has launched BizCash, its first fully digital, in-app business financing platform that connects micro and small businesses to financial institutions. TNG eWallet. In a statement, it said micro and small businesses play a vital role in Malaysia’s economy, yet many remain underserved due to lower turnover, simpler business structures or limited documentation. BizCash is designed to help bridge this gap by providing a secure and accessible pathway to formal business financing. proprietors who rely on steady cash flow to sustain and grow their businesses, yet remain underserved by traditional financing. Improving access to formal financial tools for these everyday entrepreneurs is a core priority for us. With BizCash, we are building a platform that connects merchants to financing partners, starting with CIMB, to deliver faster and more accessible funding while supporting their long-term growth.” With CIMB Bank Bhd as its first financing partner on the platform, BizCash simplifies funding for SSM registered businesses via a digital application journey directly within TNG Digital CEO Alan Ni said, “Many of our merchants are sole

Education retains its importance in the Malaysian landscape for parents, students and stakeholders. The changes are fast paced with new developments in new fields of study such as cybersecurity, data protection, augmented and virtual reality, machine learning in education, digital education and artificial Intelligence. Leading the way are universities, who are invited to showcase their latest programmes, curriculum and content in our Education Focus for 2026.

thesun.my

Made with FlippingBook - Online Brochure Maker