The National Entrepreneur Development Corp (PUNB) will appoint 50 trainee accountants to help turn around financially-ailing Bumiputera companies.
February 4, 2014 Leave a comment
Trainee accountants to help turn around ailing Bumi companies
Published: 2014/02/04
KUANTAN: The National Entre-preneur Development Corp (PUNB) will appoint 50 trainee accountants to help turn around financially-ailing Bumiputera companies.
Chairman Datuk Seri Mohd Ali Rustam said 30 per cent, or 2,040 of the 6,800 Bumiputera firms have failed to keep up their repayments to PUNB due to business losses.
“PUNB has decided to appoint 50 trainee accountants this month and we hope they will help alleviate the burden of these firms which cannot afford the services of an accountant.
“Money going out, coming in, profits, loss, marketing, etc, must be recorded daily. Sometimes we conduct our businesses well, but lack of proper accounting skills is one of the reasons why Bumiputera companies do not succeed,” he said after meeting Bumiputera entrepreneurs here.
Mohd Ali said the trainees have one year to set the accounts straight for the companies, which can then decide to keep them in their payroll.
In a related development, PUNB has set aside RM270 million to be disbursed to more than 600 Bumiputera entrepreneurs this year.
PUNB has also formed a special entrepreneur committee in each state to help discuss problems and direction for these Bumiputera entrepreneurs.
“So far, Kedah, Johor, Malacca and Pahang have established such committees and I hope, by end of this month, the remaining states will establish similar committees,” Mohd Ali said.Bernama
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