by DayakDaily Team
KUCHING, April 30: United Overseas Bank (UOB) Malaysia is looking to facilitate more foreign direct investments (FDI) into Sarawak as Asian multinational corporates mainly from Korea, Japan, and Singapore seek opportunities in Sarawak’s high-value sectors.
According to a statement issued by UOB today, these companies are actively seeking to leverage the State’s cost-effective manufacturing capabilities and renewable energy infrastructure while also showing interest in investing across various sectors including renewable energy, digital technology, ecotourism, and agrotechnology.
This statement was made following UOB Malaysia’s chief executive officer (CEO) Ng Wei Wei’s visit to Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg, as a continuation of the bank’s concerted efforts to engage with the State government in bolstering Sarawak’s endeavours in achieving its aspirations delineated in the Post-Covid 19 Development Strategy (PCDS) 2030.
“Over the last three years, UOB Malaysia has provided close to RM6 billion of financing to support companies based in Sarawak. Of the total provided, more than half was extended to small and midsize enterprises (SME).
“With UOB Malaysia’s solid history in supporting the SME community, we will continue helping SMEs in Sarawak to future proof their businesses through the adoption of green practices, thus boosting their competitiveness in the global supply chain,” said Ng during her courtesy visit today.
In partnership with PricewaterhouseCoopers Malaysia, UOB Malaysia has launched the UOB Sustainability Compass last year to streamline sustainability for SMEs, offering a user-friendly questionnaire that generates customised reports with clear, actionable plans. —DayakDaily
