KUALA LUMPUR (April 6): UOB Malaysia and Pengurusan Aset Air Bhd (PAAB) on Monday launched the UOB-PAAB Vendor Financing Programme to improve financing access for suppliers and vendors across PAAB’s supply chain ecosystem. “Under the programme, vendors who are mostly small and medium enterprises (SMEs) are better positioned to secure financing, supporting their appointment to new projects. “This will lead to faster execution, stronger supply chain resilience and a healthier ecosystem that can better support the long-term development of Malaysia’s water infrastructure,” he said. PAAB is a wholly owned company of the Minister of Finance (Incorporated), established in 2006 under the Water Services Industry Act 2006. “This initiative aligns with PAAB’s commitment to providing sustainable, efficient and high-quality water infrastructure for the communities we serve,” she said.

Source: The Edge Markets April 06, 2026 03:29 UTC