Sarawak mulls setting up commercial bank
GEDONG: The Sarawak government plans to set up its own commercial bank. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said by having its own commercial bank, Sarawak would be able to better help small and medium entrepreneurs in this state. “When our economy is growing, it will trigger greater participation of the private […]
Tatau residents to benefit from economic spillover
TATAU: The people in the district of Tatau will benefit from the economic spillover through the implementation of development projects in Bintulu. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said Bintulu will be facing a second wave of development as the Gabungan Parti Sarawak (GPS) government plans to develop the downstream oil and […]
Wong wants to know status of State Reserves
SIBU: Datuk Seri Wong Soon Koh urges Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg to disclose the current amount of the State Reserves. The Parti Sarawak Bersatu (PSB) president said that the Finance Minister and Gabungan Parti Sarawak (GPS) chairman must also inform Sarawakians of how much money the state is presently owing […]
Wong quizzes govt on sales tax and DBOS
STATE opposition leader Datuk Seri Wong Soon Koh (PSB-Bawang Assan) wants to know whether Petroliam Nasional Berhad (Petronas) has paid in full the sales tax accruing from the oil and gas business in 2021. He said Sarawak’s budget touted an estimated revenue of RM10.036 billion for 2022 and an expected expenditure of RM10.646 billion. “The […]
DBOS, like any other development financial institution
KUCHING: The Development Bank of Sarawak (DBOS) abides by Bank Negara Malaysia’s guidelines and best practices in its operations, said the state-owned development bank. In a statement in response to Parti Sarawak Bersatu (PSB) president Datuk Seri Wong Soon Koh’s recent remarks on the bank, DBOS said they are a development financial institution and mandated […]
DBOS ready to finance strategic projects
KUCHING: The prime purpose and function of Development Bank of Sarawak Berhad (DBOS) is to finance strategic infrastructure projects. In the broader sense, the new financial body which was mooted by Chief Minister Datuk Patinggi Abang Johari Tun Openg plays a part in the development of the state. In an interview with New Sarawak Tribune, […]
Speeding up growth
The Development Bank of Sarawak Bhd (DBOS), which is now into its third year of commercial operation, is an alternative financing model created by the Sarawak government. The state-owned bank’s mission is to play a pivotal role in providing financing of public infrastructure and strategic projects to accelerate Sarawak’s economic growth. DBOS aims to transform […]
Poor in money matters?
See me: Tiong KUCHING: Pujut assemblyman Dr Ting Tiong Choon’s remarks about a loan taken to fund the state’s coastal road and other major infrastructure projects showed his lack of understanding of the financial aspects of such crucial facilities. Progressive Democratic Party (PDP) president Datuk Seri Tiong King Sing responded to Ting’s remarks in a […]
