Tuesday, December 11, 2012

Teraju, RHB Islamic Collaborate To Provide Financing Under Teras Fund

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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