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More achievements than expected under Hajiji | Daily Express Online - Sabah's Leading News Portal

2021 is over. Much already done to reset Sabah’s economy, lots more to do to put Sabah back to long term stable economic growth after decades in limbo in 2022 ....

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Upscale Luyang project set to transform area | Daily Express Online - Sabah's Leading News Portal

KTI Sdn Bhd and Housing and Town Development Board (LPPB) has embarked on a high-profile mixed-development project in the affluent suburb of Luyang aimed at converting a derelict land into an upscale residential, commercial and lifestyle hub.
The Logg, funded by Sabah Development Bank (SDB), will see all three industry players being Sabah-based, signifying the state financial institution’s capability to support Sabah’s property and construction industry without dependence on external funding to help spur the local economy.
A signing ceremony between KTI and Sabah Development Bank was held on Dec 8 here to signify financial support by the bank to help realise the project’s completion in the next four years.
A two-day sales preview event held in conjunction with the event saw an encouraging 30 per cent sales pick-up of the condominium units as interest in the project continues to grow.
SDB’s funding also comes at an opportun ....

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Focus on Sabah, SDB told | Daily Express Online - Sabah's Leading News Portal

Chief Minister Datuk Seri Hajiji Haji Noor wants Sabah Development Bank Berhad (SDB) to turn around its business and assist the State Government in developing Sabah ....

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Subject Sabah Development Bank's actions to full audit! | Daily Express Online

Published on: Sunday, July 25, 2021
By: Datuk John Lo
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TAN Sri Harris, during his CM tenure, had a big vision for Sabah. Among the many development vehicles that he had formed, the most important were Sabah Bank and Sabah Development Bank.
How he managed to get approvals for these two financial institutions from the Federal Government was miraculous as no other state up to day have succeeded to get even 1 financial institution in the name of their states!
His objective for these two financial institutions, together with Sabah Credit Corporation and Borneo Housing was to finance and accelerate Sabah’s economic development. Sabah Bank, sadly is now history, having been absorbed into Singapore’s Alliance Bank. ....

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Transforming Sabah's bleeding GLCs | Daily Express Online - Sabah's Leading News Portal

Published on: Sunday, May 16, 2021
By: Datuk John Lo
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THANKS for the many calls, messages and suggestions on my article on Sabah’s GLCs 11 April 2021. Many expressed grave concerns on the dire circumstances of some GLCs and their overall negative impacts on Sabah’s economy.
Some gave very useful suggestions and recommendations. Common desire, as it should be, is that current GLC situation must not, should not be allowed to continue.
There must be a thorough review and transformation. To encourage further discourse on the GLCs, here are some of my further comments.
Causes of Most GLCs’ Failure.
ADVERTISEMENT ....

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