Risk & Compliance

Over 150 people have been killed after a fire broke out at seven under renovation apartment blocks in Tai Po; China Taiping Insurance (Hong Kong) is a lead insurer of the construction site; many firms have offered donations to support those affected.

Australia’s corporate supply chains may be legally compliant today, however tightening sanctions on Russian oil could leave payments, lines of credit and cargo exposed. In October, the EU stepped up sanctions against Russia.

Multinationals need to finetune their FX hedging strategies faced with a market with growing volatility, according to speakers at the event.

Bangladesh’s workplace safety, particularly in apparel factories, is again under question, after several major fire incidents in October, including at Dhaka airport, which have injured and killed many workers, and resulted in hundreds of millions of dollars of damage.

Singapore and South Korea have signed a Green and Digital Shipping Corridor agreement aimed at supporting the maritime sector’s move toward lower-emission fuels and digitalised operations.

Apac advisory firm Acclime has been expanding quickly in the region through acquisitions.

CT recently caught up with Manoj Dugar and Yvonne Yiu, HSBC’s Apac regional co-heads, global payments solutions, about how payments are being impacted by tariffs, AI, cost pressures, differing systems, and the desire for speed and interoperability.

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 international audit, accounting and consulting business has made several leadership changes in the Lion City, including a hire from KPMG.

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 US government has shutdown for the first time since December 2018 after the Senate failed to pass a funding bill. Key jobs data hasn't been released and gold has climbed to a new record high.

The storm has left at least 17 dead in Taiwan and 10 dead in the Philippines. As the storm reaches Vietnam, a clear up operation has begun, including in Hong Kong, Guangdong province and Macau.