Treasury

The awards celebrate and recognise excellence in treasury innovation, solutions, teamwork and risk management in Apac and the Middle East.

The licence allows the global payment firm to directly partner with local firms.

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.

The two firms are targeting cross-border payments and in-country collections in Indonesia, India, Thailand and Vietnam.

XTransfer clients can now receive payments in Brazilian Real.

Corporate treasurers and chief financial officers are increasingly using the service, although it is still more popular in Europe.

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.

The move is part of the group's strategy to oversee corporate treasury, retail business and international expansion; its chain Urban Revivo has also opened a store in TST.

A combination of alternative shipping routes, higher prices, less trade and reduced investments, are all expected, according to a trade survey; there is more uncertainty ahead as the end of the 90-day pause edges closer.

The manufacturer is in the oil and gas market and operates in six markets, including in the Middle East; the firm raised $33m and plans to use the money for R&D, marketing and working capital.

As the apparel and textile markets suffer from a gas shortage, which is used to dye fabric, the country is looking to ramp up domestic gas production.

Exports grew 15% in Q1, however there is expected to be a slowdown moving forward as tariffs bite, the baht remains strong and tourism faces headwinds.