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.
AirAsia is looking to set up a regional treasury centre for the group in Malaysia, CT has learnt. Improving cash visibility and handling foreign exchange risk are key motivations behind the decision.
Almost half of companies in Asia witnessed overdue payment times increase in 2012, a 14% jump on the year before according to Coface. Companies in Hong Kong, Singapore and China witnessed more delays than elsewhere ...