PUTRAJAYA, Dec 10 (Bernama) -- The Bumiputera Agenda Steering Unit
(Teraju) and RHB Islamic Bank Bhd will collaborate to provide financing
of up to RM520 million under the Teras Fund to Bumiputera companies.
Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=715247
Published: December 11, 2012
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/12/11/business/12440815&sec=business
Published: December 11, 2012
Minister in the Prime Minister's Department Tan Sri Nor Mohamed Yakcop
said 250 companies have received funding todate, including 150 companies
under Teraju's initial collaboration with SME Bank.
"Over RM1 billion has been credited into the Teras fund to benefit
companies," he told Bernama after the signing of a memorandum of
understanding between Teraju and RHB Islamic Bank witnessed by Nor
Mohamed, who is also Chairman of Teraju.
Under the RM520 million Teras Fund, RM160 million has been allocated as
working capital and the remaining RM360 million would be used for
commercial asset acquisition.
Meanwhile, Teraju Chief Executive Officer Husni Salleh hoped Bumiputera
small-and-medium enterprises (SMEs) would take advantage of the
commercial asset acquisition fund to acquire their own premises.
-- BERNAMA
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