PETALING JAYA: Hong Leong Islamic Bank Bhd (HLISB) has pledged RM350 million for the Bumiputera Agenda Steering Unit (TERAJU) via its high-performing Bumiputera companies programme. Teraju Bumiputera Corp, representing TERAJU has entered into an agreement with HLISB, bringing the total funds for Bumiputera companies to RM2.89 billion. Jasani said this programme would provide funding access to Bumiputera SMEs while complementing the bank to grow its SME business. Meanwhile, TERAJU chief executive officer Datuk Husni Salleh said HLISB's participation would assist Bumiputera participants to expand locally and overseas. Husni said TERAJU expects 400 companies to benefit from the creation of RM1.5 billion for the financing and working capital.

Source: New Strait Times September 12, 2017 08:26 UTC