KUALA LUMPUR, May 12 (Bernama) -- Bank Pembangunan Malaysia Berhad (BPMB or the Bank) received an award from the Association of Development Financing Institutions in Asia Pacific (ADFIAP) for its outstanding work in environmental development and infrastructure development at a ceremony held in Apia, Samoa on Monday, 2nd May 2016.
 
The ADFIAP awards, established since 1997, is recognised for honouring individuals and institutions who have contributed significantly to the development of their respective countries.
 
ADFIAP named BPMB as the winner for ADFIAP Outstanding Development Project 2016 for two projects, namely (i) Perdana Putra High Performance Green Building and (ii) Private Finance Initiatives (PFI) in Education Sector.
 
The Perdana Putra Project in Putrajaya is a large-scale upgrading of the Prime Minister’s Department Complex into a certified green building. The project started in October 2011 and completed in May 2014. It was accorded a platinum rating in the Green Building Index (GBI), Malaysia’s industry recognised green rating tool for buildings to promote sustainability in the urban environment. Perdana Putra is now a benchmark to encourage more businesses in Malaysia to achieve greater heights in energy efficiency. The successful retrofitting project is also considered the largest retrofitting project for government buildings in Asia.
 
BPMB was involved in financing the construction of new campuses for Universiti Teknologi Mara (UiTM), under PFI. PFI projects initiated by the Government allows private sector participation in the public higher education sector particularly in the provision of long term asset-based services under the 9^th Malaysian Plan in 2006. Other than UiTM, BPMB has also participated in the financing of PFI projects for other public universities/colleges. BPMB has provided financing of more than RM2.3 billion in PFI projects related to the education sector.
 
Encik Mohammed Rafidz Ahmed Rasiddi, President and Group Managing Director of BPMB said "As a development bank, BPMB plays a crucial role of providing debt financing to projects in strategic sectors of the ‎Malaysian economy. We are delighted and very proud that ADFIAP has recognised and chosen to award BPMB for its involvement in two very important landmark projects in the field of environmental development and infrastructure development. We view this award as an affirmation by ADFIAP of BPMB's role in financing projects that yield substantial economic, social and environmental benefits"
 
More information about BPMB, can be found on their site at www.bpmb.com.my
 
About BPMB
 
Bank Pembangunan Malaysia Berhad (BPMB) was incorporated on 28 November 1973 and began operation on 8 June 1974.  BPMB landed its first significant role in the development of the Malaysian economy by assisting entrepreneurs involved in small and medium-sized industries through the provision of various financing facilities, training and advisory services, particularly to the Bumiputera entrepreneurs.
 
BPMB achieved another milestone in December 1998 by providing financing to infrastructure projects, particularly Government-backed projects.  In early 2002, BPMB further enhanced its role as a development finance institution by offering corporate advisory and underwriting services to companies that were involved in the development of infrastructure projects.
 
Today, BPMB is mandated to provide medium to long term financing to the infrastructure, maritime, technology and oil & gas sectors.  Through its wholly-owned subsidiary Pembangunan Leasing Corporation Sdn. Bhd (PLC), BPMB also provides financing to small and medium-sized businesses including those involved in manufacturing, construction, supply, transportation,  agriculture, hospitality and information technology.  BPMB’s venture capital arm, Global Maritime Ventures Berhad (GMV) is the country’s principal equity venture capital provider in the maritime industry mandated to play a strategic role in the development of the national maritime business sector.
 
With a combined asset value of about RM30 billion, the BPMB group is well positioned to meet the financing and business development needs of Malaysian businesses in the priority sectors
 
SOURCE : Bank Pembangunan Malaysia Berhad (BPMB)
 
FOR MORE INFORMATION, PLEASE CONTACT:
Name : Abdul Hanif Abu Bakar
Email: abdulhanif@bpmb.com.my
 
Name : Lisda Abdul Moin
Email: lisda@bpmb.com.my
 
Tel: 03-2611 3132/3228
Fax: 03-2698 7976
 
Group Corporate Communication
Bank Pembangunan Malaysia Berhad
Menara Bank Pembangunan, Bandar Wawasan
1016 Jalan Sultan Ismail
Peti Surat 10788
50724 Kuala Lumpur
 
--BERNAMA