RM1bil initiative to scale-up bumi firms

--fotoBERNAMA (2024) HAK CIPTA TERPELIHARA

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 (Teraju), an agency under the Economy Ministry.

Teraju chief executive officer Junaidy Nawawi said the RM1bil fund will be sourced from both Teraju and mostly from collaborators within the private sector.