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29 March 2021
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closeShah Alam, Wednesday, 4 September 2024 – Motosikal Dan Enjin Nasional Sdn. Bhd. (“MODENAS”), a subsidiary of DRB-HICOM Berhad, and IFS Capital (Malaysia) Sdn. Bhd. have entered into a strategic partnership to provide financial flexibility to MODENAS vendors through the latter’s Supply Chain Financing Programme.
Called the SupplyLink Accord, the partnership will see the vendors enjoy the following features of the financing programme:
Roslan Roskan, CEO of MODENAS, said during the signing ceremony, “As Malaysia’s national motorcycle brand, it is part of MODENAS’s mission to provide support to our network of suppliers. Early payment options will ensure that our supply chain operates at peak efficiency. Moreover, helping local small businesses manage their cash flow is essential, and this forward-looking approach by MODENAS will surely contribute to the overall economy and demonstrates our commitment to growth.”
“We are thrilled to partner with MODENAS to introduce this innovative financing solution,” said Ab. Razak Khalil, CEO of IFS Capital. “Our program is designed to create a more agile and responsive supply chain, driving growth and sustainability for all parties involved.”
By enhancing financial flexibility, the Supply Chain Financing Programme strengthens the supply chain, and fosters business resilience. The programme sets a new benchmark in the industry, aligning with the growing trend of financial solutions supporting dynamic business needs across Malaysia and the ASEAN region.
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