Despite a tentative US, China deal, uncertainty around tariffs has increased demand for trade finance products from Asian corporates, as firms look to reroute supply chains, derisk and improve working capital.
DBS and UOB are providing a $411m loan for a joint project from Singapore data centre developer DayOne and the Indonesia Investment Authority; the aim is to supply 5% of Indonesia’s projected data centre capacity by 2029.
Thai Union's CFO Ludovic Garnier told CT the deal is an investment in its 2030 sustainability goals and the "future of the Thai blue economy", in part through training and investment in smallholder farmers; the ocean economy is worth 30% of Thailand's GDP.
Corporates may be increasingly aware of how more efficient FX trading can impact liquidity management, but apathy remains a major obstacle to the better execution of trades; CT spoke with experts in the space.