KUALA LUMPUR, November 7 – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), a leading Asset Management & Infrastructure Solutions company in the region, recently organized Vendor Day 2023. This event aimed to express appreciation for and strengthen the relationships with vendors who have significantly contributed to the growth and excellence of the Company. The event was graced by YB Datuk Ewon Benedick, Minister of Entrepreneur and Cooperatives Development (MECD).
Vendor Day 2023 is more than just an appreciation platform; it is part of UEM Edgenta’s ongoing efforts to create an integrated and conducive vendor ecosystem. This event ensures that vendors continue to benefit from empowerment initiatives through various programs organized by MECD. During her speech, Hillary Chua, Chief Financial Officer of UEM Edgenta, highlighted several initiatives aimed at enhancing vendor performance. This includes the Supplier Financing Programme (SFP), launched in collaboration with HSBC Amanah Malaysia Berhad, offering financing facilities based on Islamic/Sharia principles.
The SFP aims to support Micro, Small and Medium Enterprise (MSME) suppliers in Malaysia by providing low-interest rates and easy financing without collateral, strengthening the bumiputra vendor development program. Hillary also mentioned the Strategic Vendor Management (“SVM”) framework, which evaluates vendor performance and benefits both organizations. To align with the government’s Shared Prosperity Vision 2030, UEM Edgenta introduced the Vendor Development Programme (“VDP”), a three-year initiative fostering sustainable business growth and resilience in a challenging business environment.
Syahrunizam Samsudin, Managing Director and CEO of UEM Edgenta, expressed commitment to strengthen the vendor network in line with their vision of ‘Edgenta of the Future 2025.’ He emphasized that more than 1,700 registered vendors contribute to the company’s future through collaboration. YB Datuk Ewon Benedick, Minister of Entrepreneur and Cooperative Development, praised the role of private strategic partnerships like UEM Edgenta in realizing the Vendor Development Programme (VDP).
He highlighted the benefits received by entrepreneurs through the VDP, including Vendor Capacity and Capability Development Program, Vendor Innovation and Commercialization Grant, and International Market Access Programme. During the ceremony, YB Datuk Ewon Benedick presented the Vendor Development Programme Award to seven (7) entrepreneurs and the Outstanding Performance Special Award to six (6) entrepreneurs. Additionally, five (5) entrepreneurs received the Health, Safety, Security & Environment (HSSE) Special Award presented by Hillary Chua.
Vendor Day 2023 included various programs for UEM Edgenta’s registered vendors, such as informative sessions on “Strategic Vendor Management Framework,” Supply Chain Financing Programme briefings, discussions on Environmental, Social & Governance (“ESG”) initiatives, and Risk, Integrity & Compliance. Business Matching Sessions involving UEM Edgenta’s core business units, including Infrastructure Services, Healthcare Solutions, Property & Facility Solutions, along with OPUS Consultants (M) Bhd, were also held.
Vendor Day 2023 showcases the strong collaboration between UEM Edgenta and the government to implement economic and infrastructure reforms in line with the MADANI Malaysia concept, aiming to establish Malaysia as an economic leader in the Southeast Asian region. Also present at the event were YBhg. Dato’ Sri Suriani binti Dato’ Ahmad, Secretary General of MECD, and YBhg. Datuk Haji Zamri Salleh, Deputy Secretary General (Entrepreneurial Development) of MECD.
