Potential Kota Kinabalu Chinese Chamber of Commerce - Malaysian Industrial Development Finance Berhad collaboration
Published on: Mon, Jul 21, 2025 Text Size: Lui (third left) in a group photo with MIDF VP Yip Weng Seng and others. Kota Kinabalu: The Kota Kinabalu Chinese Chamber of Commerce & Industry (KKCCCI) is open to forging a strategic partnership with Malaysian Industrial Development Finance Berhad (MIDF) to better support local entrepreneurs in the face of economic challenges and climate-related disruptions. KKCCCI President Datuk Michael Lui Yen Sang expressed strong support for the collaboration during a courtesy visit by MIDF Vice President Yip Weng Seng and senior Sabah branch officers at Wisma KKCCCI on Friday.
Advertisement Lui said the Chamber welcomed MIDF's financing offerings, especially its low-interest loans and tailored moratorium facilities, which provide crucial relief for local businesses often impacted by natural disasters. 'Generally, businesses welcome low interest rates, and MIDF's initiatives come as timely support. The moratorium facility is a great sigh of relief for many local business owners,' Lui said. He also expressed interest in working closely with MIDF to organise joint activities and seminars to raise awareness of the agency's financing schemes among KKCCCI members and the wider business community. MIDF, a wholly owned subsidiary of MBSB Berhad, offers services in investment banking, development finance, and asset management. According to Yip, who also oversees MIDF operations in East Malaysia (Sabah and Sarawak), the agency currently provides one of the most competitive interest rates in the market. Yip added that MIDF's green financing schemes are available for solar panel installation, eco-friendly machinery, and electric vehicle (EV) charging stations, aligning with global sustainability goals. Also present during the visit were MIDF Sabah Branch Head Sudirman Mohd Alwi and Relationship Managers Wong Siew Wan and Caroline Fredrick. Both parties agreed to continue discussions on future collaborations that could benefit Sabah's business ecosystem. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Express
12 minutes ago
- Daily Express
Sabah adopts ADR clause to smoothen contract disputes
Published on: Thursday, July 24, 2025 Published on: Thu, Jul 24, 2025 Text Size: Abidin (left) receives a memento from Bicam Chairman Tan Sri David Wong Dak Wah. - Pic by CMD KOTA KINABALU: The State Government is formalising the use of dispute resolution frameworks, including Alternative Dispute Resolution (ADR), in all its contracts and development-related agreements. Chief Minister Datuk Seri Hajiji Noor said the State Attorney-General's Chambers has advised the adoption of the Borneo International Centre for Arbitration and Mediation (Bicam) model clause to help ensure projects proceed smoothly in the event of disagreements. Encouraging mediation as a first step, he said this approach can help government-linked companies and statutory bodies avoid delays while maintaining productive relationships. Hajiji made these remarks in a speech delivered by Assistant Minister to the Chief Minister, Datuk Abidin Madingkir, at the Bicam Global ADR Horizons 2025 conference here on Thursday. Hajiji added that with Sabah's growing role in regional trade and investment, the presence of an international-standard ADR centre like Bicam signals the State's commitment to upholding contract integrity and fostering investor confidence. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
42 minutes ago
- Daily Express
141 participants at Ginger and Coffee Course
Published on: Thursday, July 24, 2025 Published on: Thu, Jul 24, 2025 By: Gerry Lewis Text Size: The programme aimed to equip farmers with updated techniques in planting and processing two of Sabah's high-value crops — ginger and coffee — in line with the Sabah Maju Jaya agenda to develop agriculture as a key economic driver for the rural community. - Bernama pic for illustration only. TAMBUNAN: A total of 141 participants took part in the Ginger and Coffee Crop Technology Package Course organised by the District's Agriculture Department to boost skills and knowledge in modern, competitive farming practices. The programme aimed to equip farmers with updated techniques in planting and processing two of Sabah's high-value crops — ginger and coffee — in line with the Sabah Maju Jaya agenda to develop agriculture as a key economic driver for the rural community. Participants were exposed to hands-on guidance and real-world insights from local industry players. Among them was Barbarh Bungkok of Api Kopi, Kampung Tambiau, Ranau, who shared her experience in coffee cultivation and processing. As well as Hendry Charles from Mangkap Sdn. Bhd., who presented on ginger processing methods. The course was officiated by Senior Assistant Director of Agriculture (Agricultural Extension and Technology Transformation Section) Linda @ Lily Cosmas, representing the Sabah Agriculture Director. Also present were Assistant Director of Agriculture (Crop Industry Development Section) Rusnani Hj. Ahmad, Assistant Director (Principal of PLPB) Lorik Akau and Senior Agriculture Officer (District Management and Planning) Mohd Nazih Fikriandi Kaliwon, representing Nurul Syierah Tasim. The initiative drew praise for the Tambunan Agriculture Office, under the leadership of Afendey Kasin, for their strong commitment to driving agricultural development at the grassroots level. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
3 hours ago
- Daily Express
Ringgit strengthens against US dollar amid fiscal support measures
Published on: Thursday, July 24, 2025 Published on: Thu, Jul 24, 2025 By: Bernama Text Size: At 8.07 am, the local note rose to 4.2140/2320 against the greenback from Wednesday's close of 4.2255/2300. Kuala Lumpur: The ringgit strengthened against the US dollar in early trade on Thursday, supported by improved market sentiment following the latest fiscal support measures. At 8.07 am, the local note rose to 4.2140/2320 against the greenback from Wednesday's close of 4.2255/2300. 'A dash of cash handouts adds lift (to the ringgit): Prime Minister Datuk Seri Anwar Ibrahim announced a RM100 cash handout for all adult Malaysians and a plan to lower fuel prices, aimed at easing cost-of-living pressures and likely to cycle quickly back into the local economy,' SPI Asset Management managing partner Stephen Innes also noted that the ringgit opened a touch firmer, though with a cautious step, as traders weighed the absence of a formal US-Malaysia trade deal against growing signs that one may soon be in the cards. 'Optimism still lingers around the announcement of the US-Japan agreement, and whispers of a pending US-European Union (EU) pact, awaiting a signature Trump reveal, are keeping risk appetite supported,' he added. Meanwhile, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said anticipation of a possible trade deal between the US and the EU has fuelled positive sentiment in the US benchmark equities, while yields on US Treasury bonds were also higher. He noted that there appeared to be a risk-on mode in the financial markets, which has led the US Dollar Index to drop 0.18 per cent to 97.214 points. 'As such, expect the ringgit to remain positive today, with the US dollar/ringgit likely to oscillate between RM4.22 and RM4.23,' said Mohd Afzanizam. At the opening, the ringgit was mostly higher against a basket of major currencies. It advanced against the Japanese yen to 2.8774/8899 from 2.8837/8870 and was slightly higher against the British pound at 5.7201/7445 from 5.7230/7291. However, the ringgit eased slightly against the euro to 4.9590/9802 from 4.9586/9639. The local note was firmer against regional peers. It rose vis-à-vis the Singapore dollar to 3.3007/3153 from 3.3071/3109 and appreciated against the Indonesian rupiah to 258.4/259.6 from 259.1/259.5. The ringgit also inched higher against the Philippine peso to 7.40/7.44 from 7.42/7.44 and increased against the Thai baht to 13.0992/1613 from 13.1370/1567. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
