Chief Minister Datuk Seri Musa Aman presented mock cheques to the recipients at the Sabah Bumiputera Human Capital and Entrepreneurship Development Initiatives Ceremony at Le Meridien Hotel here. (pix by IZHARI ARIFFIN)

KOTA KINABALU: Bumiputera Agenda Steering Unit (Teraju) has allocated about RM13.3 million to assist local companies and entrepreneurs in bringing economic progress in Sabah.

A total of RM12.845 million facilitation funds were distributed to seven local companies, while RM417,550 Bumiputera Entrepreneur Development Fund (BEDF) were distributed to 11 local entrepreneurs today.

Chief Minister Datuk Seri Musa Aman presented mock cheques to the recipients at the Sabah Bumiputera Human Capital and Entrepreneurship Development Initiatives Ceremony at Le Meridien Hotel here.

In his speech, Musa said RM1.59 billion allocation had been approved under Teraju's Facilitation Fund since the financial aid was established in 2012.

He said the funds had benefitted 482 projects with private investment value of RM13.29 billion nationwide, which covers various sectors of Bumiputera entrepreneurship and business development.

“In the context of Sabah, it has provided 3,700 job opportunities for the locals. Under the BEDF, RM15 million has been allocated to each regional economic corridor authority and channelled to micro and small entrepreneurs to enhance Bumiputera participation in entrepreneurship.

"In making this effort a success, Teraju works with state government and Sabah Economic Development and Investment Authority (Sedia) to provide to BEDF that has since assisted 94 entrepreneurs in Sabah," he said.

Musa, who is also chairman of Sabah Bumiputera Entreprenuers Council, announced that the Anjung Selera Tanjung Lipat would get a new facelift in a the move to enhance businesses of local entrepreneurs.

The redevelopment is a joint project between Teraju and Sedcovest Holdings Sdn Bhd, which is a subsidiary company of Sabah Economic Development Corporation (Sedco), and Kota Kinabalu City Hall as land owners.

“The redevelopment work will commence this month and it is expected to complete in December next year. The Anjung Selera with an area of 51,000 square feet will provide business opportunities to 64 Bumiputera entrepreneurs and over 200 jobs to the locals.

“The new Anjung Selera will become a landmark of Bumiputera entrepreneur premises by providing a comprehensive business centre and thus become a catalyst for socioeconomic development and local tourism industry,” said Musa.

The redevelopment is a joint project between Teraju under Sabah Bumiputera Human Capital and Entrepreneurship Development Initiatives and Sedco.

At the event Musa also presented letters of offer from the Bumiputera Education Steering Foundation to 14 Sabahans to further their tertiary education so as to bring about added progress to the state.

Prior to the event, Musa chaired a closed-door meeting with the Sabah Bumiputera Economic Council to discuss details on the Bumiputera economic development agenda in Sabah.

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