The Borneo Post

3 global banks making a comeback

Good news indicative of confidence in state economy, future potential – Premier

- By Irene C reporters@theborneop­ost.com

Now they are coming back to Sarawak because of the potential Sarawak has towards 2030. That is the confidence by financial institutio­ns in our economy and in our economic policies and our efforts to add value to our resources which you can’t find in other places.

— Datuk Patinggi Tan Sri Abang Johari Tun Openg, Premier of Sarawak

KUCHING: Three internatio­nal banks will be making a comeback in Sarawak due to the state’s future potential, says Premier of Sarawak Datuk Patinggi Tan Sri Abang Johari Tun Openg.

He said these banks used to have their offices in Sarawak, but ended up closing shop when the timber industry went down and there was no business.

“Now they are coming back to Sarawak because of the potential Sarawak has towards 2030. That is the confidence by financial institutio­ns in our economy and in our economic policies and our efforts to add value to our resources which you can’t find in other places,” he said at the Sarawak Chamber of Commerce and Industry (SCCI) Platinum Jubilee dinner held here on Friday.

As such, he called upon the SCCI to explore the possibilit­ies although he did not reveal the names of the banks.

Abang Johari added that Sarawak had the strength that other countries did not have, which was in the energy sector including hydrogen power as well as biofuel using microalgae.

“Sarawak needs to upgrade its technology and local human capital to provide courses based on resources Sarawak has,” he said.

At the event, Abang Johari also presented the Master Entreprene­ur and Outstandin­g Entreprene­urship Awards.

The recipients for Master Entreprene­ur Awards were Dato Chris Chung (representi­ng SCCI), Dato Bobby Ting (representi­ng Sarawak Housing and Real Estate Developers’ Associatio­n), Dennis Chin (representi­ng Kuching Chinese General Chamber of Commerce and Industry), Lesley Luyoh Akah (representi­ng Dewan Usahawan Bumiputera Sarawak) and Major (Rtd) Dato Ling Kiong Hua.

The Outstandin­g Entreprene­urship Award went to Dato Sri Tay Chin Kin.

Deputy Premier Datuk Amar Awang Tengah Ali Hasan was also present at the event.

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