The days of paying in US dollars between corporate treasuries in four ASEAN countries could soon be numbered following an agreement between Thailand, Indonesia, Malaysia and the Philippines
In an effort to reduce reliance on US dollars, Southeast Asian neighbours launch new framework to facilitate corporate access to all three currencies in their local market
Bank Indonesia governor pledges to reduce reserve burden for Islamic banks and those holding foreign currency deposits, in move to reduce the impact of US rate hikes.
Big tax cuts and a Trump spending splurge are set to keep the dollar strong, FX experts say, while the shock election result is unlikely to derail a December rate hike.
E-payments solutions are slowly spreading across Southeast Asia, but a fragmented regulatory framework makes harmonisation of payment systems a distant goal.
The Hong Kong-based retailer’s treasurer tells CT why he is partnering with his core cash management bank for improved data management and cost savings.
The US lender is looking to increase its wallet share among Asia-based multinational corporate clients. Munir Nanji, Asia sales head for treasury and trade solutions at Citi, tells CT how.
*Chongqing and Singapore to seal deals worth $1.6 bln under third X-border initiative
*Indonesia eyes CCP establishment for derivatives by 2018
*China eases FTZ investment rules
