Sunday, October 21, 2012

RM18.2 Million Allocation For Bumiputera SME Development In Penang

KEPALA BATAS, Oct 21 (Bernama) -- The Pulau Pinang Bumiputera Development Council has allocated RM18.2 million this year for the development of small-and-medium entrepreneurs, says Chairman Tan Sri Nor Mohamed Yakcop.

Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=703690
Published: October 21, 2012

Of this, RM11.5 million would be used to set up a commercial complex in Kubang Menerong, Seberang Perai, and RM5 million for the implementation of the 2012/13 Support Scheme for Mid-Level Bumiputera Entrepreneurs.

Nor Mohamed, who is also Minister in the Prime Minister's Department, said the latest initiative was aimed at further developing Bumiputera SMEs and to increase their share of contribution to the national economy.

He said SMEs' share to the Gross Domestic Product was still low compared to 80 per cent in South Korea.

Nor Mohamed was speaking to reporters after officiating the 2012/13 Support Scheme for Mid-Level Bumiputera Entrepreneurs and presentation of support grants to 38 companies.

-- BERNAMA

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