Teraju Dishes Out Over RM50mil To Bumiputra Companies



Corporate fund: (From left) State Secretary Tan Sri Mohamad Morshidi Abdul Ghani, Petra Resources Sdn Bhd executive director Ahmadi Yusoff, Minister in Prime Minister’s Department Senator Datuk Sri Abdul Wahid Omar, Chief Minister Tan Sri Adenan Satem, Husni, Deputy Chief Minister Tan Sri Alfred Jabu Numpang yesterday.

KUCHING: The Federal Government’s Bumiputra Agenda Steering Unit (Teraju), set up in 2011, has disbursed more than half of its RM100mil allocation for Sarawak.

Four state-based companies received facilitation funds totalling more than RM20mil recently, bringing the total amount dished out so far to RM62mil: Amalgamated Plant Engineering Sdn Bhd received RM1.03mil; Bunga Tenaga Sdn Bhd, RM6.6mil; Petra Resources Sdn Bhd, RM6.45mil; and Serba Dinamik Sdn Bhd, RM4.43mil.

The proprietors of the companies received mock cheques from Teraju chef executive Husni Salleh during a ceremony at Chief Minister Tan Sri Adenan Satem’s office here yesterday.

The recipient companies are in the maritime and oil and gas industries, mainly operating in and around Bintulu. All four have been in business for more than 10 years, providing services in mechanical engineering, vessel repair and maintenance, equipment distribution, among others.

The funds would largely be utilised for construction and renovation works, as well as to purchase machinery and equipment, said a Teraju press release.

“Up to June this year, Teraju has endorsed and approved a total of RM62mil in funding for 19 Bumiputra companies in Sarawak, of which 13 are considered ‘high performing Bumiputra (Teras)’ companies,” said Husni in the press release.

The gross development value for the total number of recipient companies is estimated at RM385mil, with approximately 3,500 jobs created.

“The four companies receiving the facilitation funds today are Teras companies, which are targeted to thrive in the next five to 10 years, expand beyond the local market into the global market,” Husni said, adding that the Teras companies were developing in the affordable housing segment, oil and gas support services, halal food manufacturing and retail services.

Since Teraju was created, it has created RM21.2bil worth of business opportunities, enablers and human capital development with RM2.2bil under the Teras Fund Programme, which is a loan programme, and RM2bil under the facilitation fund programme.

Teraju, short for Unit Peneraju Agenda Bumiputra, is a unit in the Prime Minister’s Department. Its role is to lead, coordinate and drive Bumiputra transformation and participation in the economy to reduce the economic gap.