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Treasurers from Nokia, Isuzu Motors and Rio Tinto spoke at a panel at GTR Asia about the challenges of their ‘corporate innovation’ journeys
A recent McKinsey report states slowing Chinese growth coupled with digital headwinds could see the bigger fishes eat the smaller fishes across the world of Asian banking.
The former pariah state hopes to boost its economy by giving foreign banks scope to lend to exporters. Bankers say the development would aid MNCs in the country, but need clarity from the government.
President Obama officially ended sanctions against Myanmar in a move that should catalyse financial system liberation.
E-payments solutions are slowly spreading across Southeast Asia, but a fragmented regulatory framework makes harmonisation of payment systems a distant goal.
Southeast Asia is in need of billions of dollars worth of infrastructure to sustain economic growth. China’s One Belt, One Road initiative may yield the finance needed.
Myanmar has passed new mobile banking regulation that aims to expand mobile banking to rural areas, and, in turn, will help treasurers accurately record where payments are coming from.
The Thai central bank gives CT a updated list of companies that have taken advantage of its move last year to relax RTC rules.
The development of the AEC is exciting, but many areas – particularly services and
finance – will remain heavily protected.
In December 2015, the ASEAN countries will form the ASEAN Economic Community. The economic prognosis is good.