Andrew Tjaardstra

This idea behind the framework is to improve liquidity management and operational speed through six key policy areas.

The bank is expecting the economy to slow in the second half of the year as the impact of US tariffs kick in; SMEs and housing loans are of particular concern.

Shanghai-based Lenny Chu started the role on August 11.

Experienced finance professional Sagar Patil has taken on the role at the DHL-owned Indian transportation and distribution firm.

In a pilot, Shanghai Commercial Bank issued a pre-authorisation on a co-loading freight forwarder’s commercial card so the main freight forwarder was paid within three days, and the co-loader has 56 days to pay; the bank uses the airport's cargo data platform for verification.

The global firm has added account issuance, domestic money transfers and e-money issuance to its Major Payment Institution licence.

Suat Ching Ang, CFO and SVP treasury of subsidiary Resorts World Sentosa, replaces Shi Ruh Lee as CFO, who has been appointed Genting Singapore's president and COO.

US president Donald Trump has threatened to increase 25% tariffs on Indian goods, which could hit the pharmaceutical sector hard; the RBI is expected to keep rates steady. There has been some good news for Asian countries in the last few weeks, but much is still in flux.

The facility has been designed to help mid-sized Korean shipping firms through time charter agreements; it is being supported by Crédit Agricole, Barclays and OCBC.

Firms with parent companies overseas in 2024 grew 10% in the city while almost 500,000 have applied to come under talent schemes; in addition, tourism has increased 12% to 24 million in the first six months of this year as the government releases a new business report.

Winners of the CorporateTreasurer Awards 2025 will be announced at the dinner on 30 October, celebrating excellence in treasury functions across Asia Pacific and the Middle East.

The aim of the Austrian manufacturing group subsidiary is to help develop the country's data strategy through creating an integrated circuit substrate facility at Kulim Hi-Tech Park.