Thursday, November 8, 2012

Government Raises Funds For Teras Programme By Another RM500 Million

BUTTERWORTH, Nov 7 (Bernama) -- The government will be adding another RM500 million to the Teras (High-Performing Bumiputera Companies) Funding Programme to enable more companies to be developed via the programme.

Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=707672
Published: November 08, 2012

Minister in the Prime Minister's Department Tan Sri Nor Mohamed Yakcop said the additional funds will be channelled into the programme once the existing RM500 million fund is fully utilised.

He said the additional funding also reflected the good response the programme has been receiving from Bumiputera small and medium sized enterprises.

"The Teras progamme has shown good success and the government has indeed been planning on increasing the funding by another RM500 million to enable many more Bumiputera companies to be established through the programme.

"The government will channel the funds through the Bumiputera Agenda Steering Unit (Teraju) which has been tasked with managing the Teras programmes," he told reporters after launching the Newspaper in Education (NIE-NST) sponsorship programme for schools under the Tasek Gelugor parliament constituency here Wednesday.

-- BERNAMA

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