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- BPMB said the financing was evaluated using its Measuring Impact on National Development framework, which checks alignment with the 12th Malaysia Plan and ESG goals.
KUALA LUMPUR (May 14): Bank Pembangunan Malaysia (BPMB) is providing RM33.87 million in financing to Pangolin Resort for the second phase of Lundu Beach Resort in Sarawak, which will include a 72-room hotel, 28 villas, a banquet hall and dining facilities.
In a statement on Wednesday, BPMB said the financing was evaluated using its Measuring Impact on National Development framework, which checks alignment with the 12th Malaysia Plan and ESG goals. The project scored well, especially for creating jobs, promoting sustainable tourism and benefiting the local community.
It’s expected to benefit up to 300 people and create 69 jobs—49 in construction and 20 in operations.
Pangolin Resort director Datuk Sri Thomas Lau said the project aims to highlight Sarawak’s coastline, boost tourism and support the local economy.
BPMB is a development financial institution wholly owned by the Minister of Finance (Incorporated).
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