<div class=newsTextDataWrapInner><p>(Sept 12): NEXTDC Ltd, an Australian data-centre operator, is seeking a A$2.9 billion (US$1.9 billion or RM8.38 billion) syndicated loan from banks to expand its operations in Asia.</p></div>

<div class=newsTextDataWrapInner><p>Chief executive officer Craig Scroggie confirmed the terms of the loan in an emailed reply to questions from <em>Bloomberg</em>.</p></div>

<div class=newsTextDataWrapInner><p>“The market dynamics are extraordinary, driven by the surging demand for digital infrastructure to support the rapid expansion of cloud and AI technologies across the Asia-Pacific region,” he said in the statement.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The syndicated loan, together with a A$750 million capital raising announced Tuesday, will provide the firm with more than A$3 billion to fund a rollout of nine sites across the region, including Malaysia, Japan, New Zealand and Thailand, Scroggie said.</p></div>

<div class=newsTextDataWrapInner><p>The data-centre industry is seeing a rush of recent deals with Blackstone Inc and Canada Pension Plan Investment Board agreeing last week to buy Australia’s AirTrunk in a deal valuing the firm at A$24 billion. The purchase was one of the largest in the digital infrastructure sector this year.</p></div>

<div class=newsTextDataWrapInner><p>The NEXTDC loan is being led by Commonwealth Bank of Australia, HSBC Holdings plc, National Australia Bank Ltd and Royal Bank of Canada.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Chng Shear Lane</em></p></div>


NEXTDC Ltd, an Australian data-centre operator, is seeking a A$2.9 billion (US$1.9 billion or RM8.38 billion) syndicated loan from banks to expand its operations in Asia.

NEXTDC seeks US$1.9b loan to expand data centres in Asia, including Malaysia

KUALA LUMPUR (Oct 13): The Malaysian Anti-Corruption Commission (MACC) has reportedly seized about RM5 million in foreign currency from an apartment unit that is said to be a prominent politician's safe house.

MACC seized RM5m in raid on politician's safe house, says source

KUALA LUMPUR (Oct 13): The US government has lifted the import ban which had been imposed on rubber gloves manufactured by the Brightway Group over alleged forced labour practices.

US lifts ban on remaining Malaysian glove manufacturer

KUALA LUMPUR (Oct 13): The Royal Malaysian Police is investigating potential militant jihad brainwashing of children rescued from welfare homes linked to GISB Holdings Sdn Bhd (GISB).

GISB: Police probing potential militant jihad brainwashing of rescued children

HANOI (Oct 13): Vietnam and China signed 10 agreements ranging from agriculture cooperation to cross-border QR code payments on Sunday, during Chinese Premier Li Qiang's three-day visit to Hanoi, as the two neighbours seek to boost ties.

Vietnam, China sign 10 deals including agri trade and cross-border QR code payments, as leaders meet

(Oct 13): Former Macau judge Sam Hou Fai, who has warned against the outsize influence of the gambling industry in the city, was elected as its new leader by a 400-member committee.

Macau elects former judge wary of casinos as new leader

BANGKOK (Oct 13): Southeast Asian leaders called on Sunday for swift agreement on a code of conduct for the South China Sea, based on international law, while demanding an immediate halt to fighting in Myanmar and inclusive peace talks to end its civil war.

Asean urges early accord on South China Sea code, end to Myanmar violence

KUALA TERENGGANU (Oct 13): The Terengganu government’s subsidiary, Eastern Pacific Industrial Corporation Bhd (Epic Bhd), has signed a memorandum of understanding (MOU) with Malaysia Rail Link Sdn Bhd (MRL) to integrate its operations with the East Coast Rail Line (ECRL) project network.

Epic, MRL sign MOU to boost East Coast connectivity

KUALA LUMPUR (Oct 13): Businesses should work with the government to help create a Malaysian middle class society in which at least 60% of the people earn enough to qualify them to pay income tax, said Deputy Minister of Investment, Trade and Industry Liew Chin Tong.

Aim to have at least 60% of Malaysians qualifying to pay income tax, says Liew

PETALING JAYA (Oct 13): Malaysia has good relations with other countries and allows their ships to dock here, except those from Israel, said Prime Minister Datuk Seri Anwar Ibrahim.

PM: Malaysia has good ties with other countries, allows ships to dock except from Israel

KUALA LUMPUR (Oct 13): Police arrested three individuals, including two minors, at their respective residences around Kuala Lumpur on Friday, as part of the investigation into the disappearance of four students from a tahfiz centre in Datuk Keramat.

Tahfiz case: Police nab three including two minors

<p>KUALA LUMPUR (Oct 13): The Malaysian Anti-Corruption Commission (MACC) has reportedly seized about RM5 million in foreign currency from an apartment unit that is said to be a prominent politician's safe house.</p>


<p>KUALA LUMPUR (Oct 13): The government will only implement the Goods and Services Tax (GST) if the minimum income threshold is at RM3,000-RM4,000, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


PM: Govt will only implement GST if minimum salary threshold increases to RM3k-RM4k

<p>BENGALURU (Oct 12): More than a hundred Hilton hotel workers in Seattle have walked off the job, calling for higher wages, fair staffing and workloads, and the reversal of Covid-19 era cuts, the Unite Here union said on Saturday.</p>


Hundreds of Hilton hotel workers walk off the job in Seattle

<p>KUALA LUMPUR (Oct 13): Avaland Bhd (KL:AVALAND) is unveiling the 13.4-acre masterplan of its integrated Avenue25 development in Subang Jaya on Oct 12. The project will feature various components, such as residential, commercial, retail and office, as well as a transport hub.</p>


Creating a sustainable integrated development

<p>PUTRAJAYA (Oct 13): Budget 2025 will take into account the views and recommendations of various parties, industries, and citizens across all walks of life, which had been put forth during the various engagement sessions held nationwide.&nbsp;</p>


Budget 2025 takes into account proposals from industries, the people — Treasury sec-gen

<p>KUALA LUMPUR (Oct 13): Businesses should work with the government to help create a Malaysian middle class society&nbsp;in which at least 60% of&nbsp;the people earn enough to qualify them to pay income tax, said Deputy Minister of Investment, Trade and Industry Liew Chin Tong.</p>


<p>(Oct 13): The European Central Bank will probably advance the global push for monetary easing in the coming week, with an interest-rate cut that policymakers had all but ruled out just a month ago.</p>


ECB is set to deepen global easing with rate cut it didn’t expect

<p>WASHINGTON (Oct 12): Russia and China blocked a proposed consensus statement for the East Asia Summit drafted by Southeast Asian countries, mainly over objections to language on the contested South China Sea, a US&nbsp;official told <em>Reuters</em> on Saturday.</p>


US official accuses Russia and China of blocking Asean leaders' statement

<p>BEIJING (Oct 13): China's consumer inflation unexpectedly eased in September, while producer price deflation deepened, heightening pressure on Beijing to roll out more stimulus measures quickly to revive flagging demand and shaky economic activity.</p>


China's deflationary pressures build in September, consumer inflation cools

<p>KUALA TERENGGANU (Oct 13): The Terengganu government’s subsidiary, Eastern Pacific Industrial Corporation Bhd (Epic Bhd), has signed a memorandum of understanding (MOU) with Malaysia Rail Link Sdn Bhd (MRL) to integrate its operations with the East Coast Rail Line (ECRL) project network.</p>


<p>JAKARTA (Oct 13): Apple launched the iPhone 16 globally on Sept 10; however, its official marketing in Indonesia has been delayed due to pending permits from the Ministry of Industry.</p>


Indonesia delays Apple’s iPhone 16 sale after shortfall in promised investment

<p>KUALA LUMPUR (Oct 13): The US government has lifted the import ban which had been imposed on rubber gloves manufactured by the Brightway Group over alleged forced labour practices.</p>


<p>BANDAR SERI BEGAWAN (Oct 13): His Majesty Sultan Ibrahim&nbsp;King of Malaysia&nbsp;arrived in Bandar Seri Begawan on Sunday to begin a three-day state visit to Brunei.</p>


Malaysian King, Queen arrive in Brunei for three-day state visit

<p>PETALING JAYA (Oct 13): Malaysia has good relations with other countries and allows their ships to dock here, except those from Israel, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


<p>HANOI (Oct 13): Vietnam and China agreed on Saturday to boost defence and security cooperation, the Vietnamese government said, despite their years-long maritime dispute in the South China Sea.</p>


Chinese premier in Hanoi agrees to boost ties with Vietnam

<p>SHAH ALAM (Oct 13): The Selangor Islamic Religious Department (JAIS) will not hesitate to shut down any private religious school in the state found to be involved in abuse, sexual harassment, or actions that violate the fundamental principles of Islam.</p>


Private religious schools involved in abuse face strict action — JAIS

<p>KUALA LUMPUR (Oct 13): The Kuala Lumpur and Selangor Chinese Chamber of Commerce and Industry (KLSCCCI) has proposed for Budget 2025 to allocate additional funding to further drive digital integration and boost efficiency among the small and medium enterprises (SMEs).&nbsp;</p>


Budget 2025: Commerce and industry chamber calls for additional funding to boost SMEs

<p>BEIRUT/CAIRO (Oct 12): Israel ordered more evacuations and targeted a new location in northern Lebanon on Saturday, as a third United Nations (UN) peacekeeper was wounded in Israel's escalating conflict with Iran-backed Lebanese group Hezbollah.</p>


Israel orders evacuation of more southern Lebanese towns

<p>LONDON (Oct 13): Britain on Sunday launched a first formal strategy for industry in seven years, as the new Labour government pledged greater stability and certainty for businesses on the eve of a major investment summit in London.</p>


Britain launches industrial plan ahead of investor summit

<p>KUALA LUMPUR (Oct 13): Police arrested three individuals, including two minors, at their respective residences around Kuala Lumpur on Friday, as part of the investigation into the disappearance of four students from a tahfiz centre in Datuk Keramat.</p>
