The Japanese company plans to reduce its reliance on bank loans by borrowing from subsidiaries with ample cash in a bid to raise $1.8bln of its $2.7bln funding needs.
Singapore’s tax authority rolls out new rules on transfer pricing reporting. Multinationals will have to invest in people and resources to ensure they are compliant.
German lighting producer Osram has been given the “green light” by the PBoC to expand its China pooling structure nationwide. It is working with Deutsche Bank on the upgrade.
With volatile currency swings and unpredictable stabilisation measures, treasurers in Asia-Pacific are increasingly turning to intercompany loans and hedging.