KEY FOCUS AREAS & RESULTS Focus Areas What We Did in 2022 Results Financing of Infrastructure and Public Facility projects. The government is focusing on development and infrastructure projects under the 12th Malaysia Plan. The COVID-19 pandemic had forced the government to focus less on development projects, placing priority instead on overcoming the health crisis. Some of the development projects announced were Klang Valley Double Track (KVDT) project, Gemas-Johor Bharu electrified doubletracking project, East Coast Rail Line (ECRL) project, Rapid Transit System (RTS) project, West Coast Expressway (WCE) and the Central Spine Road. We will continue to leverage on Contract Financing structure to finance working capital requirement by the private sectors that obtain contract directly from the government and governmentlinked companies. Approved: RM203.9 million (4 projects) Financing of Healthcare projects The budget allocation for 2022 is expected to increase due to the strain in financial resources towards public healthcare system, especially during this long-drawn-out pandemic situation. As the international borders had been reopened sometime in 2022, high possibility of healthcare tourism to make a strong come back with consideration to create a green bubble for medical tourism. Rapid development of the national vaccination program also creates opportunities for authorised pharmaceutical companies to seek financing for the acquisition of vaccines. Our exposure to healthcare segment stands at RM188 million. Therefore, we would like to allocate our capital by providing financing option in for CAPEX requirement as well as offering supply chain financing in the ecosystem that provides support to the healthcare system. This includes hospital, pharmaceutical and medical devices industries. Approved: RM57.8 million (5 projects) Financing of Telecommunication and Information Technology projects Among the highlights of the 12th Malaysia Plan are accelerating the growth of digital transformation agenda which targets the digital economy to contribute 25.5 per cent to the country’s Gross Domestic Product (GDP) by 2025. The government will further bridge the digital divide between the urban and rural areas through the various programmes and projects. The provision of digital infrastructure involves public and private sector investment to improve the existing 4G network. Private sector and local telecommunication companies also invested to accelerate the implementation of 5G nationwide. We would like to increase our existing exposure in Information and Communication Technology (ICT) of RM44 million as at Aug’21 by focusing on CAPEX requirement by telecommunication companies to support the National Digitalisation Agenda. Approved: RM203.9 million (4 projects) Management Discussion & Analysis Bank Islam Malaysia Berhad 91 01 05 03 07 02 06 09 04 08
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