The High-Performing Bumiputera Companies or TeraS programme, which aims to identify high-performing Bumiputera companies to help them grow beyond the Malaysian market, has seen much progress with 300 companies approved for TeraS status so far.
To further support this, TERAJU as the lead implementing agency, together with SME Bank, introduced the RM500 million TeraS Fund – an Islamic financing facility offering TeraS companies better access to funding at attractive rates. In 2012, 29 applications were approved for financing valued at RM202 million.
Furthermore, 47 per cent of total MRT packages were awarded to Bumiputera companies, valued at RM9.1 billion. This exceeded the initial target set for the allocation of MRT projects to Bumiputera companies.