Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/6/business/20120706135048&sec=business
Published: Monday July 06, 2012
By John Loh
PETALING JAYA: Teraju (Unit Peneraju Agenda Bumiputera) and SME Bank
have launched a RM500mil Islamic loan facility called TeraS Fund
targeted at high performing bumiputera companies under the TeraS
programme.
Minister in the Prime Minister's Department Tan Sri Nor Mohamed Yakcop said on Friday that Teraju would contribute RM5mil as risk capital to the fund, with the balance to come from SME Bank.
In
a separate development, he announced that part of the RM2bil
facilitation fund for infrastructure projects introduced by Teraju and
UKAS (Public Private Partnership Unit of the Prime Minister's
Department) last year would be made more flexible.
The threshold
for companies applying for project finance would be lowered to RM5mil
from RM20mil for a RM600mil portion of the total fund.
He said the country's five economic corridors would be allocated RM100mil each and the final RM100mil for non-corridor areas.
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