Publication date: Nov 2024
Treasury has long had a reputation for being somewhat detached from other functions within the organisation. But surveys show that treasurers are stepping into an increasingly strategic role – and treasury professionals who lack strategic skills may find themselves at a disadvantage where career progression is concerned.
Publication date: Sep 2024
Our latest edition of Treasury Today Asia is full of topics and trends that have been front of mind for us throughout the course of 2024. As our universe of corporates evolves and expands to incorporate other finance functions and follows certain treasury professionals as they continue up the ladder this issue seems to typify this evolving network somewhat.
Publication date: Jul 2024
This latest issue of Treasury Today Asia has much on the theme of making things better, and how to continually search for improvement and adapt to a changing world. The nature of commerce is changing and companies are continually finding new ways to improve ways of doing business. One model that has seen a rapid rise in recent years is the digital marketplace, which many companies are now adopting as a way of connecting with their customers. The feature on this topic looks at what is driving this trend, the benefits and what role treasury can play in supporting a marketplace.
Publication date: Mar 2024
Digitalisation is a megatrend that cannot be ignored; we all live in a data-driven world where our lives are increasingly digital. The reality, however, is the digital carries physical consequences. Our data is in the cloud, but it isn’t stored in some ethereal receptacle in the sky. Instead, massive data centres are having an impact on the environment. This issue looks at how data centres are trying to cut their emissions in the face of exponential growth in the sector.
Publication date: Jan 2024
To many, quantum computing sounds like something so far-off that it still remains in the realm of science fiction. This technology, as well as the potential of artificial intelligence heralds an exciting future for treasury and are both topics that are covered in the January/February 2024 issue of Treasury Today Asia.
Publication date: Nov 2023
While ensuring their companies have stability and continuity, treasurers also need to keep one eye on the future and be prepared to adapt to change that is coming their way. In this issue of Treasury Today Asia we profile a number of different situations where corporate treasury has responded to, and even led, change.
Publication date: Oct 2023
This edition lands in your inbox as we pass the halfway mark judging the 2023 Adam Smith Awards Asia. Reading over 400 entries of treasury endeavour and success is a reminder of the privileged and unique window our awards offer into the issues front of mind in corporate treasury and it won’t be long before we proudly reveal our winners.
Publication date: May 2023
Innovation, transformation and change are affecting how treasuries are run, but in many ways, treasurers still have to make do with existing structures, systems and processes. Where there is change, the old ways can still persist. For example, China’s Belt and Road Initiative (BRI) engagement with Russia has dropped, but this does not mean there is no engagement at all. Rather, it is now being done in a different way. And, despite the sanctions, Western products are still being sold in Russia.
Publication date: Mar 2023
Regulatory change and the evolution of technology are just some of the themes treasurers need to stay on top of, and this issue delves into some of the latest developments in Asia Pacific. Central bank digital currencies (CBDCs) are a hot topic and China has been leading the way. Other countries have followed suit, if only because of FOMO [fear of missing out]. For China, the eCNY gives the state monetary control, especially in context of the growing influence of tech giants and the potential systemic risk they pose to the financial system. And when the state develops new technology, there are often fears about its real intentions. The charges that are laid against the eCNY project are often related to surveillance; CBDC is a digital version of cash with one major difference – it doesn’t have the same anonymity. We explore this and consider whether these fears are overblown.
Publication date: Nov 2022
The year-end is a chance to reflect on what was different – and what was the same – in 2022. The uncertainty was the same, in the last year treasurers have had to adapt to a new pace of change. What was different was the slow emergence from the pandemic and, in some parts of Asia Pacific, a return to normality.
Publication date: Oct 2022
In this installation of Treasury Today Asia we offer calm in the storm with corporate financial insights you can rely on. Our insight and analysis feature looks at the global automobile industry as it pins hopes for growth steadily on China’s shoulders. We address the issue from the perspective of treasury teams working at the largest manufacturers supporting Chinese strategy. New digital buying strategies, ride hailing apps and the electric car market are all discussed.
Publication date: Aug 2022
The latest issue of Treasury Today Asia comes in the wake of some large regional events, including the recent and very distressing assassination of former President Abe in Japan. The ripples of this will be felt in the country for some time to come. We explore Japan in this edition’s Regional Focus piece, and the complex and at times challenging relationship that exists between Japan and South Korea when it comes to trade and to collaboration in general.
Publication date: May 2022
As we reach our third issue of 2022 we are also approaching our Adam Smith Awards Asia season, with nominations opening in June. Recent years have seen treasurers across Asia Pacific tested and many of you triumphing with innovative and collaborative solutions to the problems of our time. We would like to invite you to nominate yourselves and your teams for our best practice in corporate finance Adam Smith Awards Asia, the industry benchmark for excellence.
Publication date: Jan 2022
Welcome to the first issue of Treasury Today Asia this year. In this January/February edition we celebrate the new year and welcome in the Year of the Tiger. Optimism may be in short supply following the last two years and in the wake of new travel restrictions across the APAC region. However, there are certainly welcome signs that the worst of the pandemic may be behind us and opportunities for corporates across the region.
Publication date: Nov 2021
This, our November-December issue, comes to you hot off the heels of our 2021 Adam Smith Awards Asia live winners’ announcement. The spirit of this year’s animal, the ox, is seen in the record-breaking number of outstanding submissions, demonstrating immense strength and resilience amidst our challenging times.
Publication date: Sep 2021
In this edition we are happy to be addressing our APAC community at a time when the end of travel limitations may be approaching. More and more of us are now fully vaccinated and Europe and the US are soon to end the majority of restrictions.
Publication date: Jul 2021
As we publish our July/August edition, we are closing the door on the first half of 2021. In this issue we look at a breadth of topics, from a feature on plugging the trade finance gap, which explores the latest in trade finance from across Asia Pacific to the latest in risk and regulation.
Publication date: May 2021
Recent anti-Asian racist attacks in America have renewed focus upon xenophobia towards Asian people in the US and the Western world. We want to make sure that we support our readers who may be feeling anxious about this worrying trend. Calls for racial equity for black people in America have been supported the world over and likewise protections for Asian people facing rising xenophobia and terrifying attacks must be extended everywhere. Although when walking on the streets of Singapore and Hong Kong it is easy to feel inured from such actions, particularly during a pandemic where business travel is at a minimum, we are all so globally exposed and globally connected that this trend must concern us all. We will be addressing this issue throughout the year and in particular will discuss at our upcoming Women in Treasury APAC Forum taking place in June, to which we invite all of our Asian treasury community to attend.
Publication date: Jan 2021
This is the first edition of Treasury Today Asia of the new year and we approach 2021 with the experience and insight that 2020 has brought to us all. 2021 will be a year of rebuilding and coming together with a focus on leadership and community.
Publication date: Nov 2020
As 2020 draws to a close this seems an apt moment to reflect on a most extraordinary year for all of us. The Asia-Pacific region, although the first hit by the pandemic, has been spared the lockdown measures that have occurred in much of Europe, North and South America.
Publication date: Sep 2020
“When the winds of change blow, some people build walls and others build windmills,” so the Chinese proverb goes. As the world continues to change, businesses that adapt to take advantage of the new environment will be the ones that will gain the most.
Publication date: May 2020
Five months into 2020, the world continues to face a crisis no one could have foreseen. Since the last issue of Treasury Today Asia, the epicentre of the COVID-19 pandemic has moved from China to Europe, and then to the United States, with millions of people and businesses affected. While the Wuhan lockdown has been lifted, and several countries in Asia Pacific are beginning to focus on rebooting their economies, considerable challenges lie ahead.
Publication date: Mar 2020
Coined by Nassim Nicholas Taleb in his 2008 book, The Black Swan: The Impact of the Highly Improbable, the term ‘black swan’ is understood to describe an event that is unexpected; that brings major consequences; and that later comes to be rationalised as something that could have been predicted. It has been applied to various events, such as the dotcom crash of 2000, the 2008 global financial crisis, and the 2011 Fukushima nuclear disaster.
Publication date: Nov 2019
India. One of the fastest-growing economies in the world.
Four years ago, the Indian government made a decision that would change the lives for its 1.3 billion citizens forever. In making digital services available for all, the Indian government has not only improved the country’s online infrastructure, it has increased internet connectivity and widened opportunities for business.
Publication date: Sep 2019
When a business grows and reaches into a different region, setting up a regional treasury centre may be seen as a logical next step. After all, having somewhere closer to the action that can support business growth, cover the local footprint, and have treasury experts on tap, should be appealing. And what about the favourable tax regimes established by key locations; surely a major benefit?
Publication date: Jul 2019
The payments revolution is a truly global affair yet, at the regional level, Asia undoubtedly stands at the forefront of payments innovation. Driven by e-commerce, it is a position that requires close management if it is to deliver on expectations.
Publication date: Mar 2019
Evidence continues to mount that China’s economy is faltering, though it is uncertain as yet how serious its retreat will turn out to be. With hindsight, it was surely unrealistic to expect that after two decades of stunning growth that has propelled it to the second largest economy in the world, China could continue to grow three times faster than advanced nations.
Publication date: Jan 2019
As it stands, the year ahead is shaped to be rather interesting, if not challenging, for treasurers across Asia Pacific, with politics a key theme as elections will take place in India, Indonesia, the Philippines and Australia.
Publication date: Nov 2018
Corporate treasurers are no strangers to managing risks to financial and liquidity management but with fears growing that the global economy is heading for another downturn, they are coming under pressure to monitor an increasingly wide array of threats.
Publication date: Sep 2018
The internet is slowly becoming a crypto-graveyard. This is after cryptocurrency after cryptocurrency, often created as part of an initial coin offering (ICO), lose their value, rendering them worthless. In fact, one website which tracks failing cryptocurrencies claims that there are over 800 cryptocurrencies that trade for less than a cent.
Publication date: Jul 2018
Treasurers have never had so many banks competing for their business. Indeed, a recent Bain & Company report has found that the transaction banking space is more saturated than ever. This comes as bank executives place their bets on the fee-based income gleaned from the business driving a new era of growth for their institutions.
Publication date: May 2018
Alibaba founder, Jack Ma, is renowned for his colourful quotes on all manner of topics. One that stands out is his comment on flying pigs. “First of all, a pig can fly in the wind, but when that wind dies down it’s the pig who’s going to fall to his death, because he’s still a pig,” said Ma in a 2015 interview with Sina Tech.
Publication date: Mar 2018
Countries across the region celebrated the Lunar New Year in February, ushering in the Year of the Earth Dog. According to the Chinese Zodiac, the Earth Dog is kind, efficient and skilled in communication. It holds the notion of fair play and social justice dear and, given the dog’s role as a protector of the home, could be interpreted as time for a shift geographically and politically from predominantly offensive positions to more defensive positions.
Publication date: Jan 2018
Singapore is taking digitisation seriously. This was evident at its recent fintech festival, which saw over 25,000 attendees from all over the world descend on the city-state to take part in a week of festivities designed to push forward the future of financial services.
Publication date: Nov 2017
All eyes were on Beijing in October as the 19th Communist Party Congress took place. Staged in the Great Hall of the People every five years, the congress brought together over 2,000 party members to shape policy, decide on political positioning and set the agenda for the years ahead.
Publication date: Jul 2017
In July 1997, the United Kingdom transferred sovereignty over Hong Kong to the People’s Republic of China after 150 years of British control. The event marked a new era for Hong Kong and the effective end of the British Empire. In his farewell speech, Governor Chris Patten said: “The story of this great city is about the years before this night and the years of success that will surely follow it.”
Publication date: May 2017
The ‘One belt, one road’ initiative has been widely spoken of since it was first unveiled by President Xi Jinping in 2013. As part of the government’s drive to transform its economy from one based on manufacturing to one based on services, the ambitious initiative aims to restore the country’s old land and sea trade routes and to boost economic connectivity between Asia, Europe and Africa.
Publication date: Mar 2017
Thirty years ago, whilst deep in the grip of the Cold War, the United States became the head cheerleader for globalisation, a trend driven largely by capitalist enterprise and free trade. Meanwhile China, on the other hand, was busy staunchly adhering to the communist principles of central control. The country’s economy was still largely closed, with Deng Xiaoping’s ambitious financial reforms and economic overhaul just beginning.
Publication date: Nov 2016
Whilst Brexit and the US presidential race have been dominating the headlines for most of the year, Asia has, for the most part, been quietly getting on with business. That isn’t to say that the region hasn’t been facing its own challenges, however.
Publication date: Sep 2016
For corporates in Asia Pacific, bank deposits still remain the number one short-term investment option by some distance. Yet, this is not typical elsewhere in the world. In Europe and the US, for instance, corporate short-term investment portfolios are more balanced between bank deposits and money market funds (MMFs), and then supplemented with a handful of other investment options.
Publication date: May 2016
Our Corporate Treasury Benchmarking Studies have been leading the industry since 2009. Thanks to the 3,500 of you who have taken part, we have built up a very clear picture of the key issues and challenges affecting corporate treasury and, importantly, provided some of the KPI metrics against which you have been able to benchmark yourselves.
Publication date: Mar 2016
As our industry moves towards a more diverse and inclusive future, our Women in Treasury initiative becomes ever more important.
On 14th April at the South Beach in Singapore we will host our third Women in Treasury Asia Forum. Designed to discuss gender equality within corporate treasury, we welcome women and men to attend and to continue to develop this discussion around diversity and inclusion on a broader level within this field.
Publication date: Jan 2016
Monday 8th February 2016 will see the world’s most populous country celebrate Chinese New Year and welcome in the Year of the Monkey. People born under this sign of the zodiac are believed to be: smart, quick-witted, frank, optimistic, ambitious and adventurous.
Publication date: Nov 2015
As our November/December issue hits your desks thoughts are turning to the completion of the ASEAN Economic Community (AEC), the deadline for which is set for 31st December. Since its founding in 1967 the Association of Southeast Asian Nations (ASEAN) has aimed to foster economic growth, social progress and cultural development in the region; to promote regional peace and stability and to provide assistance to each other, amongst other aims.
Publication date: Sep 2015
As we head to Singapore for SIBOS 2015, the front pages of the financial press are still dominated by China’s stock market rout and the impact of the country’s decision, on 11th August, to devalue the renminbi by 2%. The statistics paint a sorry picture: since June 2015, China’s equity markets have dropped by almost 40% and China’s foreign currency reserves shrunk by $93.9bn at the end of August – the largest monthly fall ever recorded.
Publication date: Jul 2015
At the time of writing, investors across the globe are watching the Greek debt crisis unfold. Yet China is experiencing a crisis of its own, with the Shanghai and Shenzen Indices having lost almost a third of their value since the highs set on 12th June this year.
Publication date: May 2015
All eyes are on the Association of Southeast Asian Nations (ASEAN) as the ten-member bloc continues to work towards the creation of a single market. Designed to allow a free flow of goods, services, and investments, the ASEAN Economic Community (AEC) should also allow companies based in ASEAN to secure better access to raw materials, and to leverage a freer flow of capital and labour. In fact, a report released by the International Labour Organisation (ILO) and the Asian Development Bank last year suggested that the AEC could create 14 million new jobs and see the region’s annual growth rise by 7.1% over the next decade.
Publication date: Mar 2015
As the pivotal holiday in the world’s largest economy and most populous country, Chinese New Year has an increasingly large impact on corporates across the globe. Prompting the most significant mass migration of people on the planet, the Spring Festival leaves factories empty and sends ripples through supply chains the world over. It also leaves the financial markets quiet, not least because the majority of indices in the Asia region shut for at least a day to mark the event.
Publication date: Jan 2015
The ascent of mobile is arguably the greatest innovation that the payments industry has seen in recent memory. Nowhere does the mobile revolution hold more promise than in Asia. After all, the region accounts for over half of the world’s mobile devices. There is also a significant move towards m-commerce in APAC, with over 50% of all Asia-based online transactions in 2015 set to be made by mobile, according to Criteo.
Publication date: Nov 2014
Throughout 2014, there have been a number of major economic, infrastructural and political developments in countries across the Asia-Pacific region. These changes have both challenged treasurers and created opportunities for innovation and efficiency.
Publication date: Sep 2014
In August the Chinese State Administration of Foreign Exchange (SAFE) relaxed the rules surrounding the use of options in the onshore market. The new rules allow domestic corporates to purchase renminbi-based swaps and options – increasing the range of risk management tools at their disposal.
Publication date: Jul 2014
Recognising the best in corporate treasury is a difficult undertaking, yet quality and integrity are vital to the success of the profession.
Over the last six years, Treasury Today’s Adam Smith Awards have gained global recognition as the ultimate industry benchmark for corporate best practice, celebrating exemplary practice and showcasing innovative industry solutions.
Publication date: May 2014
The job of the treasurer is never just about numbers. It’s a multi-faceted role that, today more than ever, demands an increasing level of emotional intelligence. Not only must treasurers use their persuasive abilities to help secure budget for technology investment, but they are expected to interface with the C-suite on a regular basis and embrace the culture of the corporation in which they operate, whilst also selecting and retaining the best possible treasury team.
Publication date: Mar 2014
Whilst the treasury profession remains largely male-dominated, there are remarkable women enjoying remarkable careers in the treasury sphere, not least in the Asia Pacific region. At Treasury Today, we believe that it is important to recognise female innovators in the corporate treasury profession, which is why we founded the Women in Treasury (WiT) initiative. It aims to bring female treasury practitioners together to share their experiences, challenges, successes and failures, as an inspiration for all operating in this field.
Publication date: Jan 2014
Our job is to research, analyse and report on what is going on in corporate treasury and finance in Asia and elsewhere in the world. This issue reflects that and is a mix of basic, yet crucial, treasury and cash management content coupled with some specific pieces as well as news of our new initiatives in the region.
Publication date: Nov 2013
India is the main focus of this edition of Treasury Today Asia. 2013 has not been kind to the tenth largest economy by nominal GDP and member of the exclusive BRIC circle. The Federal Reserve’s hint at unwinding quantitative easing (QE) early in the year caused the Indian rupee to fluctuate wildly; it hit an all-time low against the US dollar in August. This issue contains a special report on the causes and consequences of the rupee volatility, including an interview with the treasury team at Larsen & Toubro, a technology, engineering, construction and manufacturing company based in Mumbai.
Publication date: Sep 2013
Sibos is the annual banking conference organised by SWIFT, the bank owned provider of secure financial messaging services. Sibos has become the ‘must-attend’ conference for bankers, technology suppliers and consultants who are involved in all aspects of the transactional banking business. The conference is held in different parts of the world each year and there are 6,000+ attendees most years. What do they all do? Well, there are some serious debates at Sibos and informative conference sessions but it is also a big party as banking friends get together and the booze flows from the stands.
Publication date: Jul 2013
In this issue, we explore the global approach to supply chain finance (SCF). Different markets approach the issues surrounding settlement differently, with India and China noted as leading regions with the greatest SCF market potential. The rapid growth that many Asian companies are experiencing is driving a need to establish the financial infrastructure to support it.
Publication date: May 2013
Singapore is our Country Focus in this month’s edition. Singapore has experienced a meteoric rise following its independence from Malaysia in the mid-1960s. The following five decades can be characterised by a steady growth and influx of foreign talent and investment as Singapore has swelled to become one of the world’s most developed countries. As the government pushes for a curb in foreign workforce growth and an increase in productivity, we bring you the latest insight on Singapore’s future and what that means for treasurers in the region.
Publication date: Mar 2013
We are excited to announce the launch of the Asia Pacific Regional Award for Best Practice within our Adam Smith Awards in June. Please have a look at the Awards and submit your nominations for this, along with any other categories you feel you quality for. We look forward to receiving your entries.
Publication date: Jan 2013
Treasury Today Asia is the new, bi-monthly magazine by the publishers of Treasury Today in response to the many requests we have received to broaden the coverage of Treasury Today in China to include the rest of Asia. The new magazine reflects the trends, challenges and opportunities for treasury/finance professionals in the Asia Pacific region.
