DBOS Participates in Sarawak Delegation's Working Visit to Asian Development Bank (ADB) Headquarters organised by Economic Planning Unit Sarawak (EPU)

Venue: Asian Development Bank (ADB) Headquarters, Manila

Development Bank of Sarawak ('DBOS') participated in the official working visit to the Asian Development Bank (ADB) headquarters in Manila, led by Sarawak Premier and Minister for Finance and New Economy, Datuk Patinggi Tan Sri Abang Johari Tun Openg.

Representing DBOS, Chief Executive Officer Datu Laura Lee Ngien Hion joined the Sarawak delegation comprising senior State Government officials and representatives from key strategic entities, including Sarawak Energy Berhad and Petroleum Sarawak Berhad (PETROS).

The three-day programme provided an opportunity for Sarawak and its strategic agencies, including DBOS, to engage directly with ADB on matters relating to economic and social development, innovative financing solutions, technical assistance, and advisory services. The visit also facilitated discussions on fostering partnerships to support Sarawak's long-term development agenda and large-scale infrastructure projects.

As part of the programme, the delegation attended briefing sessions and engagements with ADB management, including a private meeting between the Premier and the ADB President, a meeting with the ADB Board of Directors, and a Fireside Chat session held at the ADB headquarters.

During the Fireside Chat, the Premier highlighted the importance of Sarawak's strategic partnership with ADB in supporting the implementation of transformative projects, particularly in the areas of energy transition, technology, and low-carbon development. He noted that access to ADB's expertise, technology, and competitive financing would help translate innovative ideas into viable and sustainable projects.

The Premier also emphasised that large-scale development initiatives require significant financial resources, technological capabilities, and stakeholder confidence. ln this regard, collaboration with ADB is expected to strengthen project viability and support Sarawak's pursuit of sustainable economic growth.

For DBOS, participation in the working visit reinforced its role as Sarawak's development financial institution and provided valuable exposure to international development financing best practices. The engagement also enabled DBOS to explore potential collaboration opportunities with ADB in supporting Sarawak's strategic development priorities, particularly in infrastructure, renewable energy, digital transformation, and sustainable development initiatives.

ADB is a multilateral development financial institution that supports economic and social development across Asia and the Pacific through financing, technical assistance, and advisory services. DBOS' participation in the working visit underscores its commitment to facilitating sustainable development and advancing Sarawak's economic transformation agenda through strategic partnerships and innovative financing solutions.

Source of News: Borneo Post