KUCHING: Sarawak’s first development financial institution, the Development Bank of Sarawak (DBOS), will begin operations next January with a paid-up capital of RM500mil.
Chief Minister Datuk Patinggi Abang Johari Tun Openg said the setting up of DBOS would help the state venture into strategic projects to expedite development in Sarawak using its own resources. The primary role of DBOS is to balance the state’s reserves and investment without depleting its savings.
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