Ter­aju al­lo­cates RM45m to help Sabah Bu­mi­put­era en­trepreneurs

New Straits Times - - Business - Olivia Mi­wil

Bu­mi­put­era Agenda Steer­ing Unit (Ter­aju) has set aside a RM45 mil­lion grant this year for Bu­mi­put­era en­trepreneurs in Sabah to ex­pand their busi­nesses.

Ter­aju se­nior direc­tor (en­trepreneur­ship and busi­ness devel­op­ment) Me­gat Mohd Ya­tim Me­gat Hamid said a com­pany with a pro­ject worth at least RM500,000 could ap­ply for the fund.

“Ter­aju will pro­vide as­sis­tance up to 15 per cent of the to­tal cost, to be re­im­bursed upon com­ple­tion of the pro­ject,” he said dur­ing a me­dia visit to Ko­ta­mas Oil Sdn Bhd at the Kota Kin­a­balu In­dus­trial Park in Sepang­gar, near here, yes­ter­day.

Ko­ta­mas had re­ceived a RM1.16 mil­lion fund­ing from Ter­aju last Oc­to­ber.

The com­pany bought 18 lor­ries af­ter Petro­liam Na­sional Bhd ex­tended its con­tract to trans­port pe­tro­leum prod­ucts in Sabah un­til 2019.

Ya­tim said un­der the fa­cil­i­ta­tion fund, Ter­aju had re­im­bursed a to­tal of RM139 mil­lion to more than 50 com­pa­nies in Sabah in the past five years.

Those projects, worth RM1.04 bil­lion, in­cluded con­struc­tion, oil and gas, agri­cul­tural, busi­ness and ser­vices, re­tail and whole­sale, tourism, food and man­u­fac­tur­ing, au­to­mo­tive and health­care.

Ter­aju was ini­ti­ated by Prime Min­is­ter Datuk Seri Na­jib Razak in 2011 to lead, co­or­di­nate and drive the Bu­mi­put­era econ­omy through new and ex­ist­ing ini­tia­tives.

For the past five years, the unit had chan­nelled RM168.8 mil­lion un­der five ini­tia­tives to as­sist Bu­mi­put­era in Sabah.

The five ini­tia­tives are the fa­cil­i­ta­tion fund, high-per­form­ing Bu­mi­put­era com­pa­nies, en­tre­pre­neur Bu­mi­put­era startup scheme, Sabah Bu­mi­put­era en­tre­pre­neur devel­op­ment fund and Bu­mi­put­era en­tre­pre­neur devel­op­ment fund for non-gov­ern­men­tal or­gan­i­sa­tions.

He said RM9.91 mil­lion loans had been ap­proved as work­ing cap­i­tals for 45 high-per­form­ing com­pa­nies in Sabah.

“Seven en­trepreneurs from here, Tawau, Ranau and Pe­nam­pang also re­ceived RM150,000 each to de­velop their prod­ucts such as hand­i­craft, food prod­ucts and tech­nol­ogy,” added Ya­tim.

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