MAG and Citi establish US$75 million supply chain financing facility
The arrangement is intended to improve working capital management and give the aviation group's strategic suppliers more flexibility across markets.
Stories about Malaysia from every section of Asean Coverage.
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The arrangement is intended to improve working capital management and give the aviation group's strategic suppliers more flexibility across markets.
Shipments could take three to four days, but Malaysia faces negotiations with countries competing for the same Chinese market.
The accounts will pay interest on ringgit balances, which customers can spend or withdraw using OCBC debit cards in Malaysia.
The food premix producer plans to use proceeds to buy industrial land, add production equipment and fund marketing.
Real semiconductor imports increased 18.7 per cent, while weaker housing approvals held back overall growth.
The proposed mandate covers up to 10 per cent of issued shares, with a shareholder vote scheduled for Nov 25.
The smart card facility has capacity for 40 million cards a year on one shift, with scope to reach about 80 million on two shifts, the company said.
Employment creation reached 19,033 jobs by September 30, exceeding the state’s annual target of 9,000.
The three central banks will work with industry participants on shared approaches to cross-border digital money transactions.
The contractor’s 25 per cent interest in a joint venture gives it approximately RM142 million of a RM568.2 million substation contract.