Sarawak eyes digital banking


“Accordingly, the Sarawak government is in the midst of putting up the necessary infrastructure and facilities throughout Sarawak, in part to support our digital banking and other digital initiatives, ”

KUCHING: The Sarawak government is seeking a digital banking licence and has submitted “its expression of interest” to Bank Negara, Chief Minister Datuk Patinggi Abang Johari Tun Openg said.

“We are fully aware that an effective digital banking must be resilient, fair and dynamic. It is among the prerequisites for the Sarawak government to collaborate with reputable technology companies and local retail banks approved by the governing bodies.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

PETRONAS Chemicals' 2Q net profit jumps to RM414mil amid strong demand, higher product spreads
Bond selloff slows but stocks wobble
Penang Port accelerating transformation into smart, efficient, low-carbon port - PPC chairman
Unique Fire says softer 1Q net profit due to cost of new investments
Defensive counters in favour as sentiment turns cautious
Ringgit opens higher vs US$ as Fed rate hike expectations ease
Trading ideas: Malakoff, Bus Cap, West River, OCR, Destini, MSC, Lotte, FGV, AMMB, JPG, Master Tec, Kawan, DRB-Hicom, KPJ, Hume, Duopharma
Oil hits three-week high as US-Iran peace hopes fade
Dutch Lady cautiously optimistic on the year ahead
Better dividends, Prasarana jobs fuel HI Mobility

Others Also Read