CT's 2025 review: Key stories from the last 12 months

2025 was a year of uncertainty and fluctuation to navigate for CFOs and treasurers across Asia Pacifc (Apac). From an ever-changing macro environment to fast-evolving technologies, finance professionals are faced with more options, also more risks, in managing their balance sheets. 

Looking back at the year, the CorporateTreasurer editorial team has selected some important stories that reflect trends within Apac treasury community. Here they are: 

Diversification: Yinson Production turned to public markets to issue its FPSO bonds, supporting operations of the oil and gas floating facilities. Behind the offering was the finance team's push to diversify away from relying 100% on bank loans. 

Read more: Interview: Yinson Production's diversification away from bank financing 

FX management: FX exposures are posing more risks than ever, especially for multinationals operating across Asia's emerging markets. From top to bottom, treasurers need to regain visibility of their FX position, finetune their hedging strategies, and be aware of tech tools available in the market. 

Read more: CTWeek Singapore 2025: FX risk management needs flexible, tech-based strategies

Corporate governance: Local markets, such as South Korea, have been carrying out various reforms to boost quality and liquidity of listed companies. New ragulations on shareholding or tax structures have implications on treasury operations on a broader, larger scale. 

Read more: Korea's governance reform signals long-term shift for treasury teams 

Fundraising: Indian Jewelry giant Titan Company debuted corporate bonds in the domestic market in 2023. The move has since inspired the team in pursue acquisition financing in a more creative way, given restrictions from local regulations. 

Read more: Interview: Titan Company explores funding options for M&A 

Sustainability-linked loans: Sustainability discussions have been fading from the spotlight since the return of US presidnet Donald Trump, yet deals are still being achieved, as shown in the sustainability-linked loan space. Some companies are refinancing existing debt into the green structure. 

Read more: Apac's sustainability loan market under pressure, but deals continue 

Tokenisation: The blockchain-based technology is slowly gaining traction within payment, cash management, trade finance and the FX space, promising efficiency, transparency, low cost and security. Some innovative corporates have been testing the water with their banking partners. 

Read more: Tokenised deposits will continue to diversify in 2025