CFOs and finance directors broadly praised the state of local corporate funding at the 5th Annual Corporate Treasury and CFO Summit in Manila, but hoped for cross-border and asset-backed lending.
The Reserve Bank of India (RBI) has implemented several measures in an attempt to buoy the sinking rupee. CT fills in the news on the latest moves and provides an overview of the past few months.
Global trade flow volumes have declined in 2012, dwindling to $37.7 billion and registering 217 deals in the year. This is down from $40.5 billion and 593 deals recorded in 2011.
Total global syndicated loan volume was down 16% in 2012. Asia-Pacific loans fared comparatively well and fell only 3%, mainly due to a buoyant Japanese market.
As the minimum public offering (MPO) rule goes into effect on December 31, 25 companies may face tax penalties and eventual delisting from the Philippines Stock Exchange (PSE).