GOVT ALLOCATES RM100 MLN FOR ECER BUMI COMPANIES UNDER TERAJU FUND

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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

sector.

"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.

--BERNAMA

NZR SD

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