Tekun to shut down its failed projects


PETALING JAYA: Tekun, a financial services agency for micro and small entrepreneurs, will shut down its failed projects after recording RM209.28mil in losses in 2015.

The 2016 Auditor-General’s Report said Tekun had also written off bad debts amounting to RM410.61mil in this same period.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

KKB by-election: LiveBlog
Chinese tourists delighted to get into the Nyonya kebaya
The human touch still required, says MCMC man
PM: Avoid past mistakes to uplift Malaysia Airlines
Ahmad Zahid and Muhyiddin agree to end dispute involving defamation suit
‘Report of second casino a lie’
PM calls Gilley a ‘mediocre scholar’
Battle of competing narratives
Credible speakers still welcome in Malaysia
SEZ agreement on track despite S’pore leadership transition

Others Also Read