PETALING JAYA: Suria Capital Holdings Bhd has mapped out plans to reap the economic benefits of the Sabah Development Corridor (SDC) by expanding and developing its Sapangar Bay port into a transhipment hub for the Brunei-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-EAGA). In addition, the expansion of palm oil downstream activities in the state would also lead to an increase in businesses. Suria Capital's subsidiary, Sabah Ports Sdn Bhd (SPSB), operates eight ports in Sabah. Sapangar Bay Container Terminal, which started operations in July last year, is the newest port in its stable. The throughput volume in Sapangar Bay terminal was about 280,000 TEUs (20-foot equivalent unit) during its first six months of operation, of which 90% was local.
(31-1-2008 The Star)
