Sarawak’s strategic investment in Affin Bank a ‘double win’

KUALA LUMPUR: The Sarawak government’s plan to increase its stake in Affin Bank Bhd to around 30% from the current 4.8% could be a “double win”, realising high or reasonable returns from its investment.

Reorienting the bank’s lending focus could also accelerate economic development, especially if the projects are bankable, Professor Dr Yeah Kim Leng, the deputy president of the Malaysian Economic Association, told Bernama.