KUANTAN, June 19 (Bernama) -- The government has allocated RM100 million for
the development of Bumiputera companies in the East Corridor Economic Region
(ECER) to ensure their active participation in driving the country''s economy.
Minister in the Prime Minister''s Department, Tan Sri Nor Mohamed Yakcop,
said the financial assistance will be chanelled through the Facilitation Fund
under the Bumiputera Agenda Steering Unit or Teraju.
This will make ECER the fourth economic region to receive funding from the
fund which has a total allocation of RM2 billion, he said.
"The RM100 million fund has been allocated to help Bumiputera entrepreneurs
in ECER get fundings for this year and next.
"It is my hope that entrepreneurs in the ECER region will use the funds in
the best possible way to expand and bring up their businesses," he told
reporters after launching Jejak 2012, a programme initiated by Teraju for
entrepreneurs, here today.
Also present at the event was Pahang State Secretary, Datuk Seri Muhammad
Safian Ismail and Chief Executive of Teraju, Husni Salleh.
The Jejak 2012 meanwhile is an effort by Teraju to provide assistance to
Bumiputera entrepreneurs throughout the country starting with the Northern
Corridor Economic Region and followed by the Sarawak Corridor of Renewable
Energy, Sabah Development Corridor and Iskandar Malaysia.
At the event, Teraju also launched its one-stop centre namely Teraju@ECER
to ensure the effectiveness of its role as the facilitator of the Bumiputera
economic transformation agenda in the region.
The one-stop centre will coordinate the programmes of all agencies related
to the development of entrepreneurs and with that, local entrepreneurs will be
able to get the assistance and support needed all from within a single location.
Nor Mohamed said that todate, seven projects nationwide worth RM692 million
have been approved for funding, involving a total of RM82 million.
These projects cover the agriculture sector, wholesale and retail,
communications infrastructures and content, as well as the oil, gas and energy
"We are currently inviting Bumiputera companies in ECER to apply for funding
and we will identify the companies qualified for the financing."
Nor Mohamed said the financing will be given in the two months time and that
a return of up to RM700 million had been projected from the funds given to ECER.