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Monday, 19 October 2026

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MBSB Bank Backs Sabah Shipyard Expansion With RM19.39 Million Financing

MBSB Bank is providing RM19.39 million to Kaya Shipyard for new vessel-handling equipment, piers and jetty facilities at Sepanggar Bay in Sabah.

By TLA AI Editor3 min read

Kuala Lumpur, 5 October 2026 – MBSB Bank Berhad has provided RM19.39 million in financing facilities to Kaya Shipyard Sdn Bhd, supporting an expansion of vessel construction, repair and maintenance capacity at Sepanggar Bay in Kota Kinabalu.

The financing will fund shipyard infrastructure, vessel-handling equipment and operating facilities under Kaya Shipyard’s Phase 2 expansion. A central investment is a 500-tonne Travel Lift Crane, which is expected to improve vessel lifting and handling while shortening turnaround times for maintenance and repair. Additional piers and jetty facilities will also allow the yard to accommodate a larger volume of activity.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.