Strategic Intelligence for CFOs, Finance Directors, Controllers and Treasurers in Asia |
2012, Feb 05
2012, Feb 05 
According to a recent McKinsey Quarterly survey, 79 percent of all companies have cut costs in response to the global economic crisis — but only 53 percent of executives think that doing so has helped their companies weather it.
Hong Kong corporate-governance advocate David Webb has obtained a document pointing to the heart of the recently settled Akai-Grande lawsuit.
It is clear that today’s working environment is one of the most challenging for company treasurers and chief financial officers. A range of factors have combined to create uncertainties that were perhaps unforeseen.
When Ong Wee Gee became Vice-President, Finance, Asia Pacific, at data centre specialist Equinix five years ago, he found a well-functioning but limited finance function. “It was a lot more brick-and-mortar, a lot more bean-counting,” he recalls.
In the wake of the financial crisis, three-quarters of the world’s CEOs say more emphasis should be placed on measuring the value of non-financial assets such as intellectual capital and
China continues to dominate the global auto sector as manufacturers there look to expand their overseas operations via joint ventures and alliances, according to KPMG’s thirteenth annual Global Automotive Executive Survey.
Asian Development Bank (ADB) President Haruhiko Kuroda has called for more private sector involvement in the building of green infrastructure in Asia Pacific.
Bernd Euler has assumed the position of Chief Financial Officer Siemens North East Asia and Senior Executive Vice President and Chief Financial Officer of Siemens Ltd., China, succeeding Jeff Connolly who will take the position of Chief Executive Officer of Siemens Australia.
Carlson, a global hospitality and travel company, has appointed Vasso Zographou as executive vice president and chief financial officer for Carlson Hotels, Asia Pacific.
Rapid growth markets (RGMs) are expected to grow collectively by 5.3% this year, in contrast to the mild recession expected in the Eurozone in H1 2012 and modest growth in the US, according to Ernst & Young’s quarterly
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