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Bank Pembangunan Recognises Ramly Food as First IDTF Recipient Kuala
Friday, 20 January 2020

KUALA LUMPUR, 20 January 2020 – Bank Pembangunan Malaysia Berhad (“BPMB”) today held a ceremony to recognise Ramly Food Industries Sdn Bhd (“Ramly Food”) as the first recipient of the Industry Digitalisation Transformation Fund (“IDTF”).

The Ministry of Finance mandated BPMB to manage the IDTF fund to support the Government’s goal of improving productivity and advancing the country’s manufacturing sector by accelerating the adoption of Industry 4.0 related technologies. The strategy is to help position Malaysia to become a strategic partner for smart manufacturing and related services in the Asia Pacific, a primary destination for high-tech industry.

“We are proud to recognise Ramly Food Industries Sdn Bhd as the first recipient of the Industry Digitalisation Transformation Fund which the company utilised to build a new processing factory,” said BPMB Chairman, Datuk Zaiton Mohd Hassan in her speech. Ramly Food’s new processing factory in Klang now accommodates six production lines to cater for bigger production capacity – 30 metric tonnes per hour today, compared to producing 5 metric tonnes per hour when they first started the company.

The Bank’s relationship with Ramly Food began 35 years ago when it became the first financial institution to provide financing to the company. BPMB had also presented Ramly Food with an entrepreneur award of excellence in the same year to recognise their success in the production of their well-known Ramly burger patties. BPMB is honoured to have been with them from the very beginning of their journey and is now able to play a role in the company’s adoption of Industry 4.0 advanced technology.

Ramly Food is a successful Bumiputera company and BPMB will continue to support the Government’s efforts to strengthen the Bumiputera agenda in Malaysia in line with the recently launched Shared Prosperity Vision 2030.

Present to witness the ceremony was the Minister of Economic Affairs, Y.B. Dato’ Seri Mohamed Azmin Ali. Representing BPMB were Chairman, Datuk Zaiton Mohd Hassan, and President/Group Chief Executive Officer Arshad Mohamed Ismail. Ramly Food Industries was represented by Managing Director, Dato’ Dr. Hj. Ramly Mokni.


About Bank Pembangunan

Bank Pembangunan Malaysia Berhad (BPMB) was incorporated on 28 November 1973 with a 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.

Today, BPMB is mandated to provide medium to long-term financing to the strategic sectors of the economy. 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.

Owned by Minister of Finance Incorporated, BPMB has been accorded the highest rating ‘AAA’ by both RAM Rating Services Berhad (RAM) and Malaysia Rating Corporation Berhad (MARC). It is regulated and supervised by Bank Negara Malaysia under the Development Financial Institution Act 2002.

With a combined asset value of about RM24.8 billion the BPMB Group is well-positioned to meet the financing and business development needs of Malaysian businesses in the priority sectors.

For more information, please contact:
Anita Ramly
Vice President, Corporate Communications
Bank Pembangunan Malaysia Berhad
Tel (03) 2611 3346
Mobile (019) 332 4809

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