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Perspektif Masa Sdn Bhd, a unit of Acmar International, has secured a RM601mil loan from Sabah Development Bank Bhd (SDB) to finance the development of its RM1.5bil D'Rapport luxury condominiums in Ampang here.
Help is on the way for thousands of oil palm smallholders in the state who are facing financial dire straits because they have difficulty selling their produce amidst plunging crude palm oil prices.
The Sabah Government is having second thoughts over a RM1.3bil controversial coal-fired power plant in Silam in the state's east coast.
Negotiations are under way with a Middle Eastern investor for the en bloc sale of the two remaining blocks of the upmarket D'Rapport Condominium project along Jalan Ampang here, said Acmar International group chairman Datuk Abdul Samad Maharuddin.
CIMB Group, the nation's second largest financial institution, yesterday launched a full-fledged branch here, providing consumer banking, investment banking and Islamic banking services under one roof.
Commerce International Merchant Bankers Bhd (CIMB) plans to open an investment bank branch here in September and four or five more commercial bank branches in Sabah within the next 12 months, said group chief executive officer Datuk Nazir Razak.