AirAsia is looking to set up a regional treasury centre for the group in Malaysia, CT has learnt. Improving cash visibility and handling foreign exchange risk are key motivations behind the decision.
Utilising subsidiaries’ cash at the group level has become vital as more Asian corporates move onto the international stage. Bank independence is viewed as the Holy Grail of treasury.
Banks disagree on the foreign exchange implications of the PBOC’s announcement of a wider renminbi trading band, but advise SMEs to switch to invoicing in renminbi.
After 13 years in the wilderness, the Malaysian Association of Corporate Treasurers (MACT) officially re-launched. A key aim will be to lobby on behalf of its members and help educate the treasurers, especially those ...
A survey of India’s top companies reported general satisfaction with their banking relationships, although services in money markets, short-term debt, and liquidity management fared less well, according to East & ...
A survey of China’s top companies reported a marked dissatisfaction with trade finance and liquidity management services, products they also ranked as among the most important, according to East & Partners.