TERAJU
BOOSTS BUSINESS OPPORTUNITIES FOR BUMIS
PUTRAJAYA: Business opportunities worth about RM13 billion were
successfully generated for the benefit of Bumiputeras through the various
initiatives launched by the Bumiputera Agenda Steering Unit (Teraju).
Prime Minister Datuk Seri Najib Tun Razak said the initiatives by Teraju which was launched in February, was focused on the Bumiputera economic transformation direction announced by the government previously.
Prime Minister Datuk Seri Najib Tun Razak said the initiatives by Teraju which was launched in February, was focused on the Bumiputera economic transformation direction announced by the government previously.
He said among the initiatives which contributed to the RM13 billion was
the 'carve out' policy to allow Bumiputera companies to be involved in the MRT
project through MRT Co.
"To date, 47 per cent of the total packages
have been offered to Bumiputera companies, that is exceeding the 43 per cent
target set," he added.
He said this at a press conference here after chairing the Third Meeting
of the Bumiputera Agenda Action Council (MTAB) here. Najib said according to
the current projection, the overall value of the packages was about RM9.3
billion, exceeding the target of RM8.5 billion.
He said the government was satisfied with the figure not just from the
large amount distributed, but also from the aspect of the process to determine
the very best from among the Bumiputera companies in a transparent manner
"The process was based on merit, giving no advantage to any
company, and solely looking at ability," he added.
Meanwhile, Najib said the MTAB meeting also approved 20 more companies
which were eligible for the High-Performing Bumiputera Companies (Teras)
programme, another flagship initiative of Teraju, making the total now 150.
"Through this initiative, we have now found the paid up capital to
be about RM1 billion and total revenue of RM7.9 billion. This means, the Teras
companies, have the potential to expand and able to compete for jobs in the
public sector," he added.
The Prime Minister also announced the decision by the meeting to extend
the Business Financing Guarantee Scheme (SJPP) undertaken by Prokhas, for
another year.
The unused RM930 million in funding for Bumiputera
companies will be allocated until Dec 31, 2013.
He said the guarantee scheme in the beginning was only allocated for
small and medium business enterprises (SMEs), but now Teras companies which
were not of the former but bigger, are eligible to participate.
"The members of the Council and I are
confident that the initiatives introduced will provide a wider range of
opportunities for Bumiputera companies to achieve bigger success in the
future," Najib added. - BERNAMA
Read more: Teraju boosts business
opportunities for Bumis - Top News - New Straits Times http://www.nst.com.my/top-news/teraju-boosts-business-opportunities-for-bumis-1.113067#ixzz21mFH87AE
Source : The New Straits Times Date
: 26 July 2012 Today's
Pick (27/07/12/135/828)
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