KUALA LUMPUR, July 18 (Bernama) — CIMB Bank Berhad (“CIMB” or “the Bank”) has signed a Collaboration Agreement (“Collaboration”) with Pharmaniaga Logistics Sdn Bhd, a wholly owned subsidiary of Pharmaniaga Berhad (“Pharmaniaga”) to enhance supply chain financing and ease payment flexibility for small and medium enterprises (“SMEs”) in the healthcare sector. The partnership aims to provide greater financial flexibility to clinics, pharmacies and medical buyers across the sector.
Under the Collaboration, CIMB and Pharmaniaga will offer enhanced payment flexibility to downstream buyers including private clinics and independent pharmacies through CIMB SME BusinessCard (“the Card”). Businesses can enjoy up to 50 days of extended credit when purchasing medical supplies using the Card and get unlimited 0.5% cash rebate on all Pharmaniaga purchases, offering a valuable incentive to improve cash flow and optimise working capital.