UOB Malaysia And PAAB Launch Vendor Financing Programme To Strengthen Water Infrastructure Supply Chain

KUALA LUMPUR, Malaysia, April 6 (Bernama) -- UOB Malaysia and Pengurusan Aset Air Berhad (PAAB), a wholly owned company of the Minister of Finance (Incorporated), today launched the UOB-PAAB Vendor Financing Programme (the Programme), aimed at improving financing access for suppliers and vendors across PAAB’s supply chain ecosystem. In line with the launch of the Programme, the Bank is providing financing for PAAB’s vendors participating in the Supplier-Financing Irrevocable Payment Undertaking (SF-IPU) facility.

Under the Programme, vendors who are mostly SMEs, are better positioned to secure financing, supporting their appointment to new projects. It also offers a simplified post‑shipment financing facility. Anchored on PAAB’s project payment undertaking, the Programme offers competitive, non‑recourse funding to help vendors better manage their cash flow, reduce financial constrain and maintain operational continuity.