CIMB Group Holdings Berhad is concentrating more on the private sector, in particular, the electrical and electronics sector.
The Group chief executive officer Datuk Abdul Rahman Ahmad said that property construction has been the Group’s bread and butter.
“But now, we are looking at the E&E sector. Whether they are the multinational corporations (MNCs) themselves or the supplier of the MNCs. Basically, we are focussing on the supply chain,” he said during a courtesy call on Chief Minister Chow Kon Yeow in Komtar today.
CIMB corporate banking Malaysia head Lee Heng Keng said the Group was reaching out to as many people as it could.
“We hope to be the first ‘port of call’ if there are investors who need banking services,” Lee said.
Abdul Rahman thanked the Penang government for its support.
“Penang is one of the best-managed states and its economy is strong,” he said.
The Group representatives also spoke about the challenges faced during the Covid-19 pandemic.
“Some sectors, such as the retail and hotel, were hit hard during the pandemic while others were not,” Abdul Rahman said, adding that Penang was recovering fast.
Chow said the manufacturing sector in Penang was, generally, doing good during the pandemic.
Among the topics of discussion during the 30-minute meeting were Penang’s raw water contingency plan, the extension of the lease for industrial land, and CIMB Group corporate social responsibility projects.
Also present were CIMB Group conglomerates, regional corporates & private equity firms Malaysia head Lau Su Chean, CIMB public sector Group regional head Zainul Hashim, and CIMB Group CEO’s Office director Sarah Abu Safian.
Story by Christopher Tan
Pix by Alissala Thian