Kota Kinabalu – Credit Guarantee Corporation Malaysia Berhad (CGC) has contributed up to RM40 million last year for the development of 140 small and medium business owners (PKS) in the state.
The chairman, Datuk Agil Natt, said that the distribution of loans for the PKS members who are mainly involved in commerce, construction, and agriculture is being handled by the two CGC branches located in Kota Kinabalu and Sandakan.
“This year, CGC aimed to allocate RM61 million for PKS business owners in Sabah which is 52.5 percent increase compared to the previous year,” he said in his meeting with the Chief Minister, Datuk Seri Musa Aman at the Chief Minister Official Residence at Sri Gaya, Likas, here today.
Regarding his visit, Agil said it is to brief the Chief Minister on CGC and its role in developing PKS industries to be more competitive and dynamic for the next 42 years.
He is convinced that CGC is able to be one of the biggest contributor for generating continuous growth of PKS industries in Sabah for a long period of time.
Meanwhile, in the same meeting Musa also shares his aspiration and vision of the state government towards PKS development in Sabah.
Financial institution such as CGC plays a significant role in the continuous growth and expansion of PKS industries in the country especially Sabah in general, he said. – SayangSabah