What Happened
Citi Partnership Enhances Supply Chain Resilience Across Asia
Malaysia Aviation Group and Citibank Bhd have announced a $75 million structured trade finance facility to enhance working capital management and supply chain resilience. The facility, developed with strategic suppliers in Malaysia, Singapore, and China, aims to support Malaysia Aviation Group’s operational requirements across Asia. Citi’s global network will facilitate efficient cross-border payment flows, addressing the challenges of managing suppliers across multiple jurisdictions. This partnership was reported by an unknown source.