CT’s annual Asia trade finance survey reveals how banks are playing a more cautious game when it comes to providing trade finance services. Countries and industry sectors were a major focus point, the results reveal.
Robust cash-management arrangements and strong bank relations that Chew put in place really came into their own in 2015, a tough year for all commodity traders.
In what could be seen as a move against Hong Kong’s recent push to attract Chinese and MNCs to its shore, Singapore delivered a surprise cut to its concessionary tax rate for treasury centres located in the Lion City.