From the NST
Helping Bumiputeras face uncertain times
SEREMBAN: The Entrepreneur and Cooperative Development Ministry will present to the cabinet an action plan to help Bumiputera entrepreneurs who face the effects of an economic downturn.
Deputy Minister Datuk Saifuddin Abdullah said the plan would stress on three issues, namely the delivery system, exemption from usual loan terms and training.
"In terms of delivery system, we will ensure that it is fast, while in seeking exemptions from the usual conditions attached to loans, it would be easier rescheduling loan repayments and also giving the chance for second loans.
"As for training, we expect that when the downturn starts, two things are bound to happen – the termination of workers and unemployment among graduates.
“Considering this, the ministry next year will start a placement programme for entrepreneurs which will take them through six months of theory and six months of practical training,” Saifuddin said after closing a seminar here on Tuesday, organised by the Negri Sembilan branch of the Malay Chamber of Commerce Malaysia.
For training, the ministry will seek funds from the Finance Ministry, he said, adding that the ministry had started a programme together with the Halal Development Corporation.
He said the ministry was also planning to study the effectiveness of funds used in establishing Bumiputera entrepreneurs and their levels of success. – Bernama