Treasury

Ripple said it will support blockchain-based fund management and money movement capabilities through GTreasury, combining traditional treasury practices with digital asset solutions.

The $110m facility for the Singapore PE firm is aimed at providing finance to firms who can provide sustainable performance targets, in addition to agriculture, healthcare, education and financial services.

Humayun Habib, former Apac director of finance at Cargill, spoke about his experience on the production lines, which later helped him succeed in finance transformation. Habib has moved to a new role at Malaysia’s Premium Vegetable Oils.

The desire for greater visibility of funds is accelerating the evolution of cash pooling structures across the region. India and China are promoting themselves as locations for such activity. CT spoke with several bankers and treasurers to discover strategies.

China's State Power Group is aiming to use the revolving loan to increase clean energy supply capacity to countries and regions across the Belt and Road initiative.

In a volatile economic climate, corporates require a compelling proposition to persuade senior treasury professionals to move on from often comfortable and well-remunerated positions. Experts talked to CT about recruitment drivers in the region.

The markets in Asia added are: Japan, India, Pakistan, the Philippines, Bangladesh, Thailand, Vietnam and Nepal; the UAE in the Middle East has also been added.

34 banks from 16 markets will support a phased development of the blockchain-based network.

The US Federal Reserve has decided to cut interest rates by 0.25% in a meeting this week after the US created only 22,000 jobs in August, well below trend.

The SAR's chief executive John Lee wants Hong Kong as a base for mainland Chinese firms looking to go global as his government ramps up investment in AI, the Northern Metropolis and rolls out help for firms looking to do business with Saudi Arabia.

The funding for Green Investments Partnership was raised via FAST-P from a range of global investors; it will be invested in renewable energy, EV infrastructure, transport, water and waste management, for Southeast Asia’s energy transition; some of the projects are perceived as more risky.

Amit Baraskar, vice president & head of treasury at Thomas Cook India Group, shared insights into the company’s renewed focus on mid-office controls, automation, and workshops, with CorporateTreasurer.