Tag: asean

Asian corporates look to strengthen ties across Asean in face of US tariff uncertainty; one Hong Kong-based CFO said their firm is sourcing more from Vietnam and Bangladesh.

Adnan Zaylan Mohamad Zahid, deputy governor at the Bank Negara Malaysia, told an audience at Money 20/20 Asia that Asean is innovating with cross-border payments, QR codes, Project Nexus, sandboxes and Islamic finance.

At a CT conference in Singapore last week, senior treasurers discussed Southeast Asia’s regional effort to support corporate liquidity optimisation, and the pain points involved in cash pooling in the absence of interbank interoperability.

The appointments reflect the importance of the Asean region to Citi’s commercial banking business.

The moves reinforce Citi’s commitment to growing its TTS business and supporting corporates in the region, a spokesperson for the bank explained.

The tax and advisory firm announced record global revenues of $50 billion for the past year. It views Asia as “a growth engine for the world”, amid pessimistic economic forecasts in other regions.

In the second part of this exclusive interview, GE Asia treasurer, Manu Taneja, shares trends that he is seeing in the payments space and his main focus for the months ahead.

In the first part of this exclusive interview, Manu Taneja, Asia treasury executive for General Electric, shares top considerations for corporates looking to establish a regional treasury centre.

Wai Mei Hong will lead the bank’s strategy in the city-state.

UOB’s latest business sentiment report reveals that half of small and medium-sized enterprises (SMEs) in ASEAN are confident about business growth, while cash management remains a top concern.

The goal is to drive digital transformation among banks through a new solution that optimises trade and supply chain finance processes.

The tech giant has launched ANEXT Bank to help regional SMEs expand overseas. Through partnership with MAS-backed Proxtera, the pair will help Asian corporates secure financing.