Tekun channels RM43.7 million to 2,213 Sabah entrepreneurs
Published on: Fri, Jul 04, 2025 Text Size: Ewon said the amount involved eight financing schemes for micro-entrepreneurs and contractors, with the Kontrak-i Financing Scheme receiving the highest allocation this year. Kota Kinabalu: The National Entrepreneurial Group Economic Fund (Tekun Nasional) has channelled RM43.71 million to 2,213 entrepreneurs in Sabah through various financing schemes in the first five months of this year. Entrepreneur and Cooperatives Development Minister Datuk Ewon Benedick said the amount involved eight financing schemes for micro-entrepreneurs and contractors, with the Kontrak-i Financing Scheme receiving the highest allocation this year.
Advertisement For this year alone, an allocation of RM71.28 million had been set aside for the Kontrak-i Financing Scheme, the top-funded financing scheme, he said in a statement, Thursday. Ewon said other financing schemes include Tekun Niaga, the Craft Entrepreneur Financing Scheme, the Tekun Online Financing Scheme, the Technical and Vocational Education and Training (TVET) Entrepreneur Financing Scheme, the Teman Tekun Scheme, the Usahawan Tamu Financing Scheme (SPUT) and the Indian Community Entrepreneur Development Scheme. He said RM2.05 million was channelled to 408 entrepreneurs under SPUT from January to May, while RM228,000 was disbursed to 17 craft entrepreneurs under the Craft Entrepreneur Financing Scheme. Ewon added that RM1.07 million was channelled to 36 applicants under the TVET Financing Scheme, which recorded an encouraging response. 'Under the SPUT scheme introduced in 2023, Tekun has disbursed RM13.76 million to 3,050 entrepreneurs in Sabah and Sarawak as of May this year,' he said. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Express
19 minutes ago
- Daily Express
Budget may be tabled before Sabah election: Masidi
Published on: Sunday, July 20, 2025 Published on: Sun, Jul 20, 2025 By: Jonathan Nicholas Text Size: KOTA KINABALU: State Finance Minister Datuk Seri Masidi Manjun ( pic ) said another State Legislative Assembly sitting may be held before the next Sabah election to ensure the 2026 State Budget is tabled. He said the budget is crucial to maintain government operations, including civil servant salaries and ongoing programmes. Advertisement Masidi noted that the budget could be presented in November as usual or in December, depending on the timing of the assembly's dissolution. On fiscal talks with the federal government, he said both sides have shared their expectations and will continue discussions to reach a fair outcome. Masidi also welcomed Sabah's recent recognition as Malaysia's Most Outstanding State 2024, describing it as a reflection of the government's efforts toward long-term development. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
19 minutes ago
- Daily Express
Over 4,000 students to benefit from Sabah scholarship boost
Published on: Sunday, July 20, 2025 Published on: Sun, Jul 20, 2025 Text Size: Arifin and others with some of the aid recipients. - Pic by CMD KOTA KINABALU: The State Government has allocated a record RM136 million this year under the Sabah State Government Scholarship (BKNS) to strengthen access to higher education. Chief Minister Datuk Seri Hajiji Noor said this marked a significant increase from RM50 million in 2020, reflecting the government's commitment to supporting Sabahans regardless of socio-economic background. Advertisement Hajiji, in a speech delivered by State Science, Technology and Innovation Minister Datuk Mohd Arifin Mohd Arif at the Sentosa aid presentation ceremony at UMS on Sunday, said 4,170 students will benefit from the BKNS this year in line with the Sabah Maju Jaya (SMJ) policy. He added that RM77.5 million has been allocated for 13 education aid initiatives in 2024, including Budi, Baik, Semesta and GRS-Subfly, while Yayasan Sabah and Muis also contributed significantly through separate programmes. At the same event, over 600 students from UMS and Kolej Mahsa Sabah received a one-off RM300 cash aid under the Sentosa initiative, aimed at easing basic expenses for nearly 20,000 Bumiputera students in local institutions. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
18 hours ago
- Daily Express
Sabah lays foundation for long-term economic growth
Published on: Saturday, July 19, 2025 Published on: Sat, Jul 19, 2025 Text Size: Masidi receives the award from Azman, while others look on. – Pic by CMD Kota Kinabalu: The State Government has laid a solid foundation for long-term economic development, said Chief Minister Datuk Seri Hajiji Noor at the IBR Asean Awards here on Saturday. He highlighted that Sabah's rich resources – ranging from minerals and petroleum to seafood and renewable energy – offer wide-ranging opportunities for sustainable progress. Advertisement His speech was delivered by State Finance Minister Datuk Seri Masidi Manjun. Hajiji said Sabah's collaboration with Petronas has yielded significant equity gains in oil and gas projects, including the recent 25 per cent stake in the USD3.1 billion PFLNG 3 project in Sipitang. Since September 2020, Sabah has secured RM17.41 billion in approved manufacturing investments, with 52 companies already operating and creating over 3,600 jobs. New investment proposals between 2022 and 2024 total RM42.3 billion, projected to generate nearly 33,000 additional jobs for Sabahans. To meet investor demand, new industrial parks have been approved in Kota Belud, Beaufort, and Kudat, along with improved connectivity such as the new Kota Kinabalu–Taipei–Fukuoka route. The State is also positioning itself as a regional leader in the Blue Economy and green energy, including Otec power plants and hydropower projects to support future energy and water needs. Meanwhile, Sabah was named Malaysia's Most Outstanding State for 2024 at the awards show. Masidi accepted the award on behalf of the Chief Minister from the award's chief judge, Datuk Seri Azman Ujang. The recognition was based on assessments by a panel of professionals from various fields, supported by comprehensive data reviewed by expert advisers. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
