MALAYSIAN exporters are urged to be more aggressive in exporting their products by not relying on letters of credit (LCs), in line with the current trend in developed countries of exporting on non-LC terms.
According to Bank Industri & Teknologi Malaysia Bhd group managing director Md Noor Yusoff, exporters in other countries now offer to export their products without LC terms but they do take insurance.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!