With virtual accounts, the Indian FMCG has automated a key aspect of its payments process to distributors. Time saved is equivalent to three hours a day.
Does the inauguration of the 45th president of the United States spell the beginning of the end for American companies outsourcing work to cheaper Asian countries?
The US lender is looking to increase its wallet share among Asia-based multinational corporate clients. Munir Nanji, Asia sales head for treasury and trade solutions at Citi, tells CT how.
Corporates in India are increasingly resorting to pledged shares to secure funding following tighter lending rules and financing difficulties, lawyers warn of troubles in the structure.
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.