MARC affirms its rating on BDB’s RM100m ICP programme for 4th consecutive year

MALAYSIA Rating Corp Bhd (MARC) has affirmed its MARC-2IS rating on Bina Darulaman Bhd’s (BDB) RM100 million Islamic Commercial Papers (ICP) programme for the fourth year in running.

BCB president and group CEO Faris Najhan Hashim said the MARC report effectively validated BDB’s management strategy and execution to create a sustainable business model for the company and generate long-term value to shareholders.

“As a result of its ongoing restructuring strategy towards long-term sustainable business profitability, BDB has realigned its core businesses into two core divisions, namely, its Property Development division and its Engineering, Construction and Quarry division.

“This approach to consolidate resources and focus on the group’s core competencies has paid off and has proved to be crucial to the group’s improved financial performance and competitiveness in 2020 and 2021,” he said in a statement following the rating affirmation.

He added that the setting of strategic policy and direction by BDB’s board of directors and the execution and delivery of those policies by the group’s senior management team have been harmonised to ensure the delivery of key company goals and key performance indicators in a challenging business environment.

“The group’s continued re-balancing and optimisation of its core business operations was geared towards ensuring the continuity and resilience of the group as a viable operating entity.

“In order to achieve these outcomes, the board and management of BDB were committed to adopting a robust and independent decision-making process with regards to project investment, one that is based on data, insights and industry experience of the management team,” he said.

He added that the success of the ongoing national vaccination programme, economic re-starting and business activity coupled with robust demand for affordable housing in Kedah would boost BDB’s new growth in its advance towards improved business conditions in the coming time.

The rating agency MARC stated in its latest review issued in Aug 2021 that it incorporated BDB’s competitive strength to undertake public infrastructure and construction contracts in Kedah, as well as its available landbank for property development and adequate cash balances.

It noted that the property developer had continued its turnaround amidst a challenging business environment in the past year despite the pandemic.

THE MALAYSIAN RESERVE | 30 AUGUST 2021

https://themalaysianreserve.com/2021/08/30/marc-affirms-its-rating-on-bdbs-rm100m-icp-programme-for-4th-consecutive-year/

Share:

More Posts

Oriental Daily: 浮罗交怡迎安老产业里程碑  将建多元灵性退休社区

(亚罗士打16日讯)浮罗交怡即将迎来历史性突破,即成为全球首个以伊斯兰理念为灵感打造的国际退休生活社区所在地,因一项命名为“Aman Seterra Sanctuary”的旗舰计划,由吉打建筑(BDB)全资子公司Aman Lagenda有限公司,与Seterra控股有限公司策略联手开发,旨在争取日益成形的“银发经济”。 吉打建筑集团执行董事拿督拉惹沙烈恩指出,项目选址在风景宜人且地势优越的瓜拉登摩永(Kuala Temoyong),将开发一座全方位及一站式的乐龄社区,面积达5.03公顷,锁定本地与国际退休族群,成为东南亚首个结合灵性照护与绿色生活理念的可持续退休社区。 “马来西亚自2024年迈入高龄社会,Aman Seterra正是对此趋势的前瞻性回应。我们不仅建设住宅,更是在创造一种具包容性、文化深度与生活品质兼备的退休生活方式。” 此高端社区将设有失智症照护中心、复健设施、健身房、瑜伽与祈祷室、社区厨房、图书馆与卡拉OK房等空间。住户可选择公寓、套房或联排别墅等多元住宅选项,配合不同需求设计无障碍空间。 最大亮点是该村落将伊斯兰价值观深植服务核心,包括提供灵性辅导、伦理照护及祈祷设施,同时也对所有宗教背景者开放,实践真正的多元与尊重。 “我们将绿色建筑理念与伊斯兰精神相结合,为长者提供身心灵平衡的居所。这不只是房产投资,更是健康与心灵的永续承诺。” 拉惹沙烈恩指出,Aman Seterra不仅为浮罗交怡带来国际瞩目,也将为本地创造数百就业机会,涵盖医疗、护理、酒店与物业管理领域,进一步巩固吉打作为马来西亚“银发经济”战略重镇的地位。 这项目预计吸引来自日本、澳洲、新加坡、英国与欧洲等退休族群与投资者,进一步将马来西亚推向区域安老产业前沿。 他透露,将于本月24日代表出席2025年大阪世界博览会马来西亚馆专场活动,并以“投资与开发马来西亚首个退休与可负担安老村”为题,向全球介绍此项目的愿景与潜能。 “浮罗交怡将不再只是旅游天堂,更是全球退休族群的新希望与归属。”

Read More »

Bina Darulaman Berhad © All Rights Reserved 2022