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Government Linked Contractors (GLCs)
In recent years, the Federal Government has been encouraging the development of smaller contractors via participation in government projects. Of the 40,000 Bumiputera contractors nationwide, 70% are Class F contractors that are often disadvantaged - either because of lack of opportunities to submit tenders against larger companies, or difficulty in obtaining financing. TrueCapital Asia has the expertise and networking platform to help government linked contractors ease their financial burdens, so that their focus is on growing their businesses.