Senior executives from the receivables finance industry in Asia met recently at the Oriental Hotel in Bangkok to analyse the challenges facing factoring in the region. ‘At just over €80 billion a year turnover, Asia accounts for under 10 per cent of the total factoring turnover in the world’, said Michael Bickers, managing director of BCR Publishing Ltd. ‘In terms of future growth, the potential is enormous. Everyone looks to China as the ‘sleeping giant’, and rightly so, but other countries in the region have the economies and business infrastructure conducive to producing startling growth too.’ Presentation topics included the short and medium-term prospects for factoring in Asia, the factoring industry in Thailand, efficient financing alternatives for factors, asset-based lending in Asia and the impact of the latest technology on factoring operations.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.