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ETP ANNUAL REPORT 2011
•
Yayasan Peneraju Pendidikan Bumiputera
- A private education trust fund for specialised skills and
training
- Funding sources from corporate, private and individual
donations. Currently 21 companies have pledged more
than RM100 million to kick off this initiative
- 12,000 scholarships will be made available
• Privatisation and or divestment of Government-owned assets
and companies
- The Government will continue to privatise some
Government assets such as education and medical
institutions as well as MOF incorporated companies
Exhibit 13.13
The TERAS programme aims to secure the participation of 1,100
qualified companies in 2012. In driving participation for the TERAS
programme, TERAJU will focus on establishing five one-stop
centres in five corridors to enable better reach and accessibility to
the micro SMEs in the rural areas. These one-stop centres will be
managed by TERAJU.
Further to that, five Development Financial Institutions have
realigned their funds to provide financing packages specifically for
SMEs, according to the 11 sectors and Entry Point Projects within
the ETP. SME Bank was the first to launch this in December 2011.
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•
Facilitation Funds
- The Government has allocated a RM2 billion Facilitation
Fund to be managed by the Public-Private Partnership Unit
(UKAS) and TERAJU to encourage the implementation of
Bumiputera private sector projects
- The Fund aims to bridge the viability gap by increasing
Bumiputera participation in high value projects with
huge spill-over effects and enhancing the economic
competitiveness of the nation
- The Fund is offered in the form of grant on progressive
reimbursable basis and it is limited at 15 per cent of the
project cost or RM30 million (whichever is lower)
The Bumiputra Economic Transformation Roadmap aspires for wealth creation through higher-income
and growth in financial assets
Capturing Quick Wins
Easy to implement and result
in early impact
I High Performing Bumiputra Companies
(TERAS)
IV
II Yayasan Peneraju Pendidikan Bumiputra V
III Privatisation of government-owned
assets and companies
Building on the base
Programme initiatives with
longer lead time to impact
Focus on education and enhance
capabilities
Reform of policy instruments and
rationalisation of the delivery system
Broadening horizon
VI
VII
VIII
IX
High-income
and wealth
creation for
Bumiputra
Reforms and initiatives
Broaden eco-system
More active participation in companies
Promote scale and competition
Promote sustainable impact
SME Corp will set up and manage a central database system
to ensure that the disbursements of funds for SMEs are better
managed. The system will be able to give a bird’s eye view on
disbursement of various grants and loans to SMEs from various
ministries and government agencies to prevent duplication of
disbursement, fraud and better accountability to the respective
recipient SMEs. The centralised database is expected to be
completed by end of 2012.
Moving forward in 2012, the Narrowing Disparity SRI will continue
its momentum through initiatives categorised under Building
on the Base and Broadening the Horizon stage. TERAJU will
see through the execution of TERAS programme accordingly
and the BETP will kick-off its implementation in 2012. Some of
the initiatives include policy reforms and enhancing education
levels which will yield a longer term benefit for the Bumiputera
community in general.