GOVT ALLOCATES RM100 MLN FOR ECER BUMI COMPANIES UNDER TERAJU FUND

  • 100 protest against Obama visit in front of US embassy
    100 protest against Obama visit in front of US embassy

    About 100 activists today protested outside the US embassy in Kuala Lumpur against the coming visit by President Barack Obama, denouncing him as an enemy of Islam. The demonstration underscored the delicate nature of Obama's trip to Malaysia, which will make him the first sitting US president to visit in nearly half a century, a period marked... …

  • Anger against Johor football club could eventually affect BN, ex-minister says
    Anger against Johor football club could eventually affect BN, ex-minister says

    KUALA LUMPUR, April 18 — Growing anger towards royalty-backed Johor Darul Takzim Football Club (JDT), triggered by claims of preferential treatment by the authorities, could spread towards the... …

  • The Economist hails Karpal as a rarity in politics
    The Economist hails Karpal as a rarity in politics

    The Economist has described Karpal Sigh as a "rarity in the venomous world of Malaysian politics" for commanding respect from both his peers as well as his opponents. In an obituary titled “Burning Bright”, the international politics and business weekly said condolences to Karpal's family have poured in from across the political spectrum,... …

  • Malaysia among world’s most morally conservative countries, poll finds
    Malaysia among world’s most morally conservative countries, poll finds

    KUALA LUMPUR, April 18 — Malaysia is among the world’s most morally conservative countries, with strong opposition to issues involving sex, gambling and consumption of alcohol, according to a... …

  • Convicting Anwar quickly was done in public interest, says Court of Appeal
    Convicting Anwar quickly was done in public interest, says Court of Appeal

    In convicting Datuk Seri Anwar Ibrahim for sodomy last month, the Court of Appeal said it was in the public interest that criminal appeals be dealt with by as swiftly as possible. In the joint judgment by a three-man bench led by Datuk Balia Yusof Wahi, it said delays brought the administration of justice into disrepute. "As is often pointed... …

  • In Malaysia, very few politicians who stand up for their principles
    In Malaysia, very few politicians who stand up for their principles

    Most Malaysian politicians fail the first test of being like Karpal Singh (pic) – standing up for his principles. In the wake of some incendiary statements by Datuk Zulkifli Noordin and the Langkawi MP Datuk Nawawi Ahmad following the death of the veteran opposition stalwart, ordinary Malaysians, several lawmakers and Youth and Sports Minister... …

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

Follow @YahooMalaysia on LINE for daily news updates.

Comments on Yahoo pages are subject to our link to Comments Guidelines. You are responsible for any content that you post. Yahoo is not responsible or liable in any way for comments posted by its users. Yahoo does not in any way endorse or support comments made by its users.

  • Langkawi BN MP pokes fun at Karpal Singh’s remains The Malaysian Insider
    Langkawi BN MP pokes fun at Karpal Singh’s remains

    As the nation mourns the passing of a great politician, BN MP Datuk Nawawi Ahmad insulted the late Karpal Singh by posting a picture of the veteran politician's blood-smeared face as he lay in his Toyota Alphard following a tragic accident this morning. Along with the Facebook picture was a newspaper cutting on Karpal being opposed to the... …

  • Karpal makes last journey home to Penang The Malaysian Insider
    Karpal makes last journey home to Penang

    Amid tears of sorrow, a coffin bearing Karpal Singh's body was loaded onto a van for his final journey back to Penang today. The 73-year-old, popularly known as the "Tiger of Jelutong", died early this morning after the Toyota Alphard he was in collided with a five-tonne Mitsubishi Canter. Karpal's body had been brought to Raja Permaisuri... …

  • Told to ‘shut up’ on Twitter, Zul Noordin lashes back at Khairy The Malay Mail Online
    Told to ‘shut up’ on Twitter, Zul Noordin lashes back at Khairy

    KUALA LUMPUR, April 18 — A feud is breaking out between former Perkasa vice president Datuk Zulkifli Noordin and Umno Youth chief Khairy Jamaluddin on Twitter. Told unequivocally by the minister... …