KOTA KINABALU: The President of Kota Kinabalu Chinese Chamber of Commerce & Industry (KKCCCI), Datuk Michael Lui Yen Sang received a courtesy call from the Malaysian Industrial Development Finance Berhad (MIDF)’s Vice President Yip Weng Seng and Sabah branch’s high-ranking officers at his office at Wisma KKCCCI yesterday.
Both parties agree to establish and develop local commercial and industrial ties by leveraging on each other’s capabilities and strengths.
MIDF Group a wholly-owned subsidiary of MBSB Berhad, is a financial services provider in three core business areas: investment banking, development finance and asset management. According to Yip, who also heads Sabah and Sarawak regions, MIDF provides one of the lowest interest rates in the market. Its green financing scheme is eligible for solar panels, green machinery, and electric vehicle (EV) charging stations. He also mentioned that MIDF is willing to disseminate valuable and beneficial business information to KKCCCI members and business community.
Lui said generally businesses welcome low interest rates, especially our local business owners who are always battered by natural disasters. The customized moratorium facility by MIDF will be a big relief to business owners. Lui also welcomed collaboration on regular joint activities and seminars to allow more businessmen to know more about MIDF and its financing offers.
Yip was accompanied by Sabah branch’s Head Sudirman Mohd Alwi, Relationship Managers Wong Siew Wan and Caroline Fredrick during the visit.
