Trade & Supply Chain Finance

The partnership, known as GLIDE, is targeting $5bn of high-quality warehouses across the Gulf Cooperation Council; it's expected that more partners in the GCC will also participate.

The storm has left at least 17 dead in Taiwan and 10 dead in the Philippines. As the storm reaches Vietnam, a clear up operation has begun, including in Hong Kong, Guangdong province and Macau.

The strongest storm of the year is causing widespread disruption to businesses, tourists and residents in Hong Kong, Macau, the Philippines, Taiwan, mainland China and Vietnam. Cathay Pacific is cancelling flights from Hong Kong airport from 6pm, September 23 to 6am, September 25.

Amit Baraskar, vice president & head of treasury at Thomas Cook India Group, shared insights into the company’s renewed focus on mid-office controls, automation, and workshops, with CorporateTreasurer.

Toll Group’s executive chairman Thomas Knudsen told CT about the freight firm's plans to step up investment in Asia, where shifting trade corridors, rising middle-class consumption, and a push toward decarbonisation are rewriting the rules of logistics.

The US Court of Appeals for the Federal Circuit agreed with another court's verdict that most of the tariffs are illegal; however the tariffs, including 50% on many Indian goods, will stay in place until October 14 to allow an appeal to the Supreme Court.

Aavishkaar Capital provides credit to mid-sized MSMEs operating in the supply chain with a social and environmental impact, in India, emerging Asia such as Indonesia and Vietnam, and Africa.

Postal services across Asia Pacific are dealing with the fallout from the removal of so-called US ‘de minimis’ tariff exemption from small packages below the value of $800 sent to the US; also this week, 50% tariffs on many goods being sent from India to the US have started.

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.

Agreements to import more goods from the US rather than from the Middle East or other Asian nations could heighten inflation risks; however Bangladesh's apparel sector should benefit.

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.

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.