Standard Chartered Bank Malaysia Berhad and the Asian Development Bank (ADB) have signed a RM80 million supply chain finance (SCF) agreement that will benefit small and medium-sized enterprises (SMEs) in Malaysia. Backed by its AAA credit rating, ADB's Supply Chain Finance Program (SCFP) complements its successful Trade Finance Program (TFP). The SCFP shares risk with partner banks (such as Standard Chartered) and improves liquidity within supply chains, mostly for SMEs. For more information, visit the TFP-SCFP website: http://www.adb.org/tfp. ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, ADB in December 2016 will mark 50 years of development partnership in the region. It is owned by 67 members - 48 from the region. In 2015, ADB assi...

Malaysia,Philippines : Standard Chartered, ADB Ink Rm80 Million Supply Chain Finance Agreement Deal in Malaysia