Companies across Asia have identified cash preservation as the top priority for 2009 as trade volumes plummet and liquidity vanishes. A recent survey of 300 Asia-Pacific companies by HSBC in Hong Kong revealed that 85% placed cash management above sales growth and manufacturing efficiency as priorities for 2009.
“The long term success of any business depends on efficient management of working capital,” says John Laurens, head of global payments and cash management at HSBC in Hong Kong.
