RM1bil initiative to scale-up bumi firms

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RM1bil initiative to scale-up bumi firms
Financing Facility000Bumiputra Companies
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A Colorado man pleaded guilty to murder charges on May 17 for starting a 2020 house fire that killed five members of a Senegalese family out of misplaced revenge for a stolen iPhone that he mistakenly tracked to the house.

CYBERJAYA: Some RM1bil in financing facility will be offered to scale up 1,000 bumiputra companies from low value micro and small enterprises to medium and large firms that can compete globally by 2030, says the Bumiputera Agenda Steering Unit , an agency under the Economy Ministry .

“We want to turn the unbankable into the bankable and the bankable into the investable,” Junaidy said at an event to announce the agency's realignment as part of the unity government's bumiputra economic agenda. Junaidy said Teraju's aim of scaling up bumi enterprises will be achieved through methods such as fostering new market links, sourcing new funding, and potentially engaging in mergers and acquisitions.Elaborating on Teraju's realigned plan, Rafizi said that the agency, which had been set up in 2011 to strengthen the bumiputra economy, will no longer focus on giving out grants to bumiputras to start businesses.

“Because grants are just free money. We want a blended pool of money so that recipients have to pay the money back,” Rafizi added.

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Financing Facility 000 Bumiputra Companies Micro And Small Enterprises Medium Large Firms Bumiputera Agenda Steering Unit Teraju Economy Ministry Chief Executive Officer Junaidy Nawawi Rafizi Ramli

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