Thursday, 16 Apr 2020 06:32 PM MYT
KUALA LUMPUR, April 16 – Standard Chartered has announced it will commit US$1 billion of financing for companies that provide goods and services to help the fight against Covid-19 and those planning the switch into making products that are in high demand to fight the global pandemic. “We intend to provide, at preferential rates, at least USD1 billion of financing to those companies in the form of loans, import/export finance or the working capital facilities that they use for day-to-day business operations to help them tool up, and help existing manufacturers get their products to market,” Simon said in a statement.
The products include ventilators, face masks, protective equipment, sanitisers and other consumables.