Kuala Lumpur, Malaysia – [August 2024] – Malaysian manufacturers have demonstrated remarkable progress in their payment practices over the past 12 months, signaling enhanced financial management and operational efficiency within the sector. Average payment days have been reduced from 58 to 51, with larger corporations now settling payments within 46 days, marking their best performance in the last two years. SMEs have also shown significant improvement, reducing their payment period to 55 days over the last three months compared to a year ago.
This is a key finding of the “Malaysia State of Credit – Trade Bureau Insight Report May 2024” from Experian Information Services Malaysia (Experian).
Experian Trade Bureau State of Credit Report (May 2024 edition)
Download nowDawn Lai, CEO, Experian Information Services Malaysia commented, “Today, Malaysian companies are navigating a complex landscape of trade payments and cash flow, influenced by both global economic conditions and domestic factors. Trade payments have been relatively stable, but companies are experiencing delays due to global supply chain disruptions, fluctuating demand, and elevated prices for goods & services due to global inflationary pressures. Cash flow management has become a critical focus, with firms leveraging digital solutions to streamline payment processes and enhance liquidity.”