AmBank grants RM498.6mil financing to ProTT

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KUALA LUMPUR: AmBank Group has provided a financing facility of RM498.6 million to Projek Tetap Teguh Sdn Bhd (ProTT) for the development of its automated storage and retrieval system (ASRS) warehouse in Valdor, Penang.

China's central bank might cut interest rates from current level of 1.

The project is expected to be completed by the first half of 2026 (1H 2026).

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: ProTT Banking /Business/Business News PTT Synergy AmBank

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-03 @ 15:35:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 238 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24844765

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 43 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 35 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #22

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