KUALA LUMPUR: AmBank Group has granted a RM450 million financing facility to Tanjung Pinang Development Sdn Bhd (TPD), a 100% subsidiary of Eastern & ...
KUALA LUMPUR: AmBank Group has granted a RM450 million financing facility to Tanjung Pinang Development Sdn Bhd , a 100% subsidiary of Eastern & Oriental Bhd . The facility is to finance sustainable development projects of Andaman Island, Penang.
Andaman Island has sustainable practices and principles built into its very core. Every building on this urban island has been designed to meet Green Building Certification standards. E&O is working closely with its architects and builders to minimise the use of new raw materials; building materials have also been carefully selected to lower Andaman Island’s carbon footprint and improve the lifecycle of materials used.
“We are honoured to continue our support towards building sustainable development projects with E&O and TPD and hope to continue to expand opportunities in the coming years and working together with clients who share a common goal with us in building a greener economy.