Introduction

BORNEO DEVELOPMENT CORPORATION LTD. ('BDC')

  • BDC was originally incorporated by the British Government on 28 August 1958 in Kuching Sarawak, as a wholly-owned subsidiary of the Commonwealth Development Corporation ('CDC'), which was establish primarily to promote the growth of industry and commerce with the aim of diversifying the economies of Sarawak and Sabah.

  • On 01 July 1961, BDC opened its Regional Office in Kota Kinabalu, Sabah.

  • In 1962, CDC divested 50% of its shares in BDC to the Sarawak and Sabah Governments, with each holding a 50% share in the Company.

 

BORNEO DEVELOPMENT CORPORATION SDN BHD.

  • On 15 April 1966, BDC changed its name to Borneo Development Corporation Sdn Bhd, in accordance with Section 23(5) of the Companies Act 1965.

  • In 1975 the remaining shares  of CDC were bought over by the Sarawak and Sabah Governments, making BDC a private company jointly owned by the two States Government on an equal basis.

  • In 1992, BDC was restructured and recognised as two independent entities, Borneo Development Corporation (Sarawak) Sdn Bhd. and Borneo Development Corporation (Sabah) Sdn Bhd.

 

BORNEO DEVELOPMENT CORPORATION (SABAH) SDN BHD.

  • BDC Sabah was incorporated on 15 May 1992, and wholly-owned by the Sabah State Government.

  • BDC Sabah officially commenced its operation on 01 July 1992, with its headquarters located at Wisma Merdeka Kota Kinabalu.