Regulation across Asia, and beyond, is having a profound macro-level effect on corporate treasury activities. In parallel, the ongoing drive for efficiency is triggering some significant changes in the location and deployment of treasury and shared service centres. Mark Troutman, Regional Head of Sales of Global Payments and Cash Management for Asia-Pacific, and Yvonne Yiu, Acting Head of Global Payments and Cash Management for Asia-Pacific, at HSBC, discuss some of the most significant trends in the Asia-Pacific region from the perspective of corporate treasurers who are responding to them.
As China’s economy matures, the nation’s industrial base is moving further up the value chain. Helen Wong, Deputy Chairman, President and CEO, HSBC China, and Bruce Alter, Head of Global Trade and Receivables Finance, HSBC China, explore the drivers of this shift and suggest where opportunities for ASEAN-based businesses can be found.
Simon Constantinides, HSBC’s Regional Head of Global Trade and Receivables Finance for Asia Pacific, explains why ASEAN-based companies, as well as those further afield, are well positioned to capitalise on the opportunities made possible by regional trade flows and the unique resources of each member state.
With its strategic location and burgeoning economy, Southeast Asia offers many benefits to businesses looking to set up treasury centres within the region. Kelvin Tan, Head of Commercial Banking, HSBC Singapore explains the benefits and how companies can capitalise on the opportunities the region presents.
The introduction of the AEC in 2015 will usher in an important new economic era and area. With a range of ambitious objectives, the new economic community has the potential to be a significant player in the global economy. But what of the essential plumbing that underpins an economic venture like the AEC - i.e. the payment infrastructure? Vengadasalam Venkatachalam, Head of Product Management South East Asia at HSBC, examines the current payment environment in ASEAN and the changes envisaged, if the infrastructure is to facilitate growth within the AEC and beyond.
ASEAN has seen respectable growth over the last two to three years. However, with the introduction of the ASEAN Economic Community (AEC) due in 2015, hopes are high in some ASEAN countries for appreciable additional growth. Su Sian Lim, ASEAN Economist at HSBC, casts an eye over some of ASEAN’s most interesting economies, their future prospects, and those of the AEC.
Rising fuel prices pose a bigger problem to headline inflation when growth is powering ahead
The new chairman of Proton, one of Malaysia’s two biggest carmakers, has announced plans to focus on world-class rather than cheap cars as its domestic market opens up.
At some point, the region will have to wean itself off its addiction to debt
One measure of economic output, the Industrial Production Index (IPI), pointed to healthy gains in January. According to the Department of Statistics, the IPI increased by 3.6% year on year in January, marking ten consecutive months of gains.
Change in China is having an impact on patterns of trade around the world