Corporate treasurers in Asia are ready to make big spending decisions again, according to Sridhar Kanthadai, Citi's new Asia-Pacific treasury and trade solutions head.
Clients are beginning to make decisions again, he said. During the last three months, in significant contrast to the first six months of last year, there were a significant number of decisions being made in the treasury management space. The pipe has opened up again.
Not that the pipe was ever sealed off completely. When credit markets shut down in late 2008, companies limited the growth in expenditure until it became clear what direction the global economy would take. When the slowdown proved less severe than anticipated, and Asia's...
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