A new international accounting rule focused on asset impairment will force companies to review how they report expected losses on receivables and debt security investments.
Multiple corporates have come forward to tout special fund raisings through the Tianjin-Singapore RMB cross-border initiatives on July 9, but space is limited.
Singapore Airlines has introduced a programme through RBS to allow customers to pay in any of six currencies and to know the price in each currency that they will be billed in.
Technoform raised a Rmb10 million loan from ICBC in a Chinese-Singaporean pilot initiative that bypasses foreign debt quotas. At least four other companies are following suit.
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.
Hong Kong’s tax bureau appears to be taking a new strong stance on companies who use its shores for cheap trade financing. A recent ruling indicates that companies can be taxed even its key operations are based ...