Seagate’s Government Trade Receivable program is one of our first Malaysia initiatives. We started by supplying construction materials.
Over the years, we have expanded this program and we are now an official supplier to the Malaysian Government where we supply goods for various Ministries and Agencies.
The government identifies local goods for Seagate to buy for the government. This creates a government trade receivable. We have used this supplier experience to help strengthen our housing initiative by reducing the price of construction materials.
All receivables generated through this program are a direct obligation of the Government of Malaysia.