Kuskop introduces financing schemes to aid Bumiputera contractors
Published on: Thursday, May 15, 2025
Published on: Thu, May 15, 2025 Text Size: Ewon poses for a wefie with attendees. KOTA KINABALU: The Entrepreneur Development and Cooperatives Ministry (Kuskop) is offering the Kontrak-I programme and the Contractors Trust Fund Scheme (SKWAK) to support Bumiputera contractors awarded government tenders. Minister Datuk Ewon Benedick said both initiatives aim to ease cash flow burdens and are part of the government's commitment to empower Bumiputera entrepreneurs.
Advertisement He explained that SKWAK provides interest-free, collateral-free advances of up to 25 per cent of project value to G1–G5 contractors undertaking federal projects from JKR and JPS. Under Tekun Kontrak-I, contractors can also access financing without guarantors or deposits, with RM500 million allocated for 2025 and RM11.4 million already approved for 178 Sabah-based contractors as of March 31. Ewon announced this while officiating the Contractor Capacity Development Seminar attended by 300 participants, organised by the Contractor Service Centre under Kuskop. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
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