Business
Shopee's SPX Express partners Frasers Property Vietnam to build automated sorting centre
Facility includes advanced two-storey automated sorting machines that can sort up to 7 million parcels a day, the highest for SPX Express…
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centre
Business
CapitaLand Ascendas Reit to buy Tai Seng data centre, Science Park building for S$700.2 million
CapitaLand Ascendas Real Estate Investment Trust (Clar) has entered conditional agreements to acquire two prime properties to expand its…
Business
TSMC to open chip design centre in Munich, could later support AI development
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, said on Tuesday (May 27) it will open a design…
News
Israeli troops open fire as aid group loses control of distribution centre
Israeli troops have opened fire near thousands of hungry Palestinians as a logistics group chosen by Israel to ship food into Gaza lost…
Business
Oracle to buy US$40 billion of Nvidia chips for OpenAI’s US data centre: report
Oracle will spend around US$40 billion on Nvidia’s higher-performance chips to power OpenAI’s new US data centre, the Financial Times (FT)…
Politics
Grab launches its first Centre of Excellence to support AI solutions
Grab launched its first Artificial Intelligence (AI) Centre of Excellence on Friday (May 23). Supported by Digital Industry Singapore, the…
Business
AI could account for nearly half of data centre power usage ‘by end of year’
Artificial intelligence systems could approach accounting for half of data centre power consumption by the end of this year, according to…
Business
Bain Capital to sell China data centre business likely valued at over US$4 billion: sources
US investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value…
Politics
TikTok plans to build 1b euro data centre in Finland
TikTok plans to invest 1 billion euros (S$1.48 billion) to build its first data centre in Finland as it moves data storage for European…
Business
HSBC launches wealth centre at Star Vista, seeks to deepen local wealth banking network
HSBC Singapore has launched its newest wealth centre in Singapore at The Star Vista mall in Buona Vista, marking the second of three…
Business
Mapletree Industrial Trust proposes US$11.8 million divestment of US data centre
Mapletree Industrial Trust (MIT) is proposing to divest its data centre in Georgia, US, for US$11.8 million, it said on Wednesday (Apr…
Business
OCBC Centre is ‘anchor’ for the bank; no plans to sell heritage site: board chairman
OCBC has no plans to sell its properties in Singapore’s central business district – and this includes the OCBC Centre, which has heritage…
News
Sats JV to upgrade Marina Bay Cruise Centre
Sats announced on Friday (Apr 11) that its 60:40 joint venture with European cruise operator Creuers del Port de Barcelona, terminal…
Business
Meta plans nearly US$1 billion data centre project in Wisconsin
Meta Platforms plans to spend nearly US$1 billion on the development of a data centre project in central Wisconsin, underscoring a larger…
Politics
Trump tariffs could stymie Big Tech’s US data centre spending spree
US PRESIDENT Donald Trump’s sweeping reciprocal tariffs could hamstring Big Tech’s billion-dollar efforts to build artificial intelligence…
News
S$800m rail test centre opens, allows trains and rail systems to be tested in Singapore
Trains and rail systems can now be tested in Singapore, with the completion and opening of a new S$800 million test centre in Tuas. Opened…
Business
Microsoft pulls back from more data centre leases in US and Europe: analysts
Alphabet has said it will spend US$75 billion on its AI buildout this year, 29 per cent more than Wall Street expected, while Meta has…
Business
UOB taps rising South Korean interest in Asean with new FDI advisory centre in Seoul
South Korean firms eyeing expansion into Asean can now tap UOB’s support, following the launch of its Foreign Direct Investment (FDI)…
Business
Digital Core Reit acquires 20% stake in Osaka data centre for 13.2 billion yen
The purchase is expected to be about 1.8% accretive to the Reit’s distribution per unit Digital Core Real Estate Investment Trust (Reit)…
Business
Alibaba’s chairman warns of a ‘bubble’ in AI data centre buildout
Alibaba Group Holding chairman Joe Tsai warned of a potential bubble forming in datacenter construction, arguing that the pace of that…
News
Rhenus launches its new central distribution centre for IKEA in India
German logistics provider Rhenus Logistics has opened a new warehouse facility in Haryana, India in collaboration with IKEA, which is…
News
UNRWA: Israel closes three schools, training centre in East Jerusalem
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting…
News
BSM sets up a new Maritime Training Centre in Ghana
Bernhard Schulte Shipmanagement (BSM), a Germany-based provider of ship management services, has announced the opening of its new Maritime…
Politics
South Korea aims to secure 10,000 GPUs for national AI computing centre
SOUTH Korea on Monday (Feb 17) announced plans to secure 10,000 high-performance graphics processing units (GPUs) within this year in a…