Slowed corporate loan activity reflects slowing domestic demand. September data will be key to reveal the impact of the government’s loan interest subsidies.
The capability to link all systems, including procurement processing and travel management, to a centralised ERP platform can significantly help streamline finance operations, according to Giselle Arellano Geronimo, the firm's local head of finance.
CFO Patrick Chan discussed with CT the key reasons behind the improved half-year results for the Hong Kong-based environmental firm, as well as key strategies around cost control and cash management.
The funds were raised to further support the firm’s cleaner energy supply to remote mining sites across Australia; this is the first debt fundraising from Octa Group.
Surveys show Hong Kong's SMEs facing rising costs, late payments, a tight credit stance from banks, and tariffs, despite an overall economic recovery in the SAR; bad weather has also been an issue this summer.
As regional regulations ramp up, AllianzGI is increasingly focusing on corporate governance of portfolio companies through tools such as the preannouncement of voting and risk-based engagement.