The conglomerate’s Asia-Pacific business is working with UOB to kill payment times for key SME suppliers in Singapore while maintaining its own working capital cycle.
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.
Robust cash-management arrangements and strong bank relations that Chew put in place really came into their own in 2015, a tough year for all commodity traders.