When a country’s economic prospects turn murky, companies find it difficult to pay their obligations. How can CFOs protect their company from the gathering storm? To read the full story, download the free PDF file.
CFO optimism once again remains at a record low point since this survey was started in September 2009. However, confidence in company performance, while also weak, has not plunged as much as sentiment on the economy, and has in fact improved from the previous quarter.
As economic woes stalk the United States and Europe even as emerging markets in Asia, South America and Africa are going from strength to strength, Asia's companies are cutting back on sales to the West while focusing more on emerging markets.
CFO Innovation's report summarises the roundtable discussion, sponsored by AT&T, of a select group of Asia-based CFOs, finance directors, controllers and other senior finance executives who shared their experiences and thoughts about using cloud services, outsourcing, and telepresence as part of the CFO’s cost management arsenal.
The study finds that CFO optimism is at its lowest since this survey was started in Q4 2009, but confidence in company performance, while weaker, has not fallen as much as sentiment on the economy.
PricewaterhouseCoopers forecasts that the funds raised through IPOs will remain at a high level this year, reaching 400 billion RMB (US$61 billion) in 2011, despite a slight decrease in the number and funds raised through IPOs in the Shanghai and Shenzhen stock exchanges in the first half of 2011.