The money will help the 'pay-as-you-go' firm to continue its expansion in Malaysia before it enters other markets in Southeast Asia, including Indonesia.
After a meeting on September 5, banks have made a number of pledges around lending, mortgage approvals and SME seminars over the next two months to help with productivity.
Overnight and 12-month US dollar Libor settings have now permanently ceased. What does the future hold for corporate treasurers after this landmark transition?
In an attempt to guide the country’s largest borrowers away from overdependence on bank loans, the Reserve Bank of India has moved to make bank facilities more costly for them.
HSBC’s strategic push to Asia promises explicit investment in transaction banking platforms and lending rates set to undercut existing lenders*, but the shift will be far less substantial than presumed.
As one of the world’s most important banks for treasurers pivots to Asia, CT speaks to HSBC's head of cash & payments, Kee Joo Wong about the implications for corporates.
Thailand’s petroleum giant tells CT how it centralised cash and liquidity management to cut down its minimal working capital requirement and support more investments.
Baoxin Auto has has claimed frontrunner status in the Shanghai tree trade zone (SFTZ) with foreign currency borrowing from offshore markets through HSBC.