Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

PR Today

Home >> Press Release





Atradius Payment Practise Barometer Assesses Protection of Cash Flow at Top of Businesses’ Agenda

HONG KONG, CHINA - Media OutReach - 24 Oct, 2016 - Around 40% of the suppliers surveyed in the Asia Pacific region anticipate increasing the use of credit management tools to protect cash flow from B2B customers' late payments over the next year. Nearly half of the suppliers surveyed in the region plan on checking their customers' creditworthiness and payment history significantly more often over the same time frame. This reflects concern over the protection of corporate profitability, which ensures the viability of the business as well as its safe growth.
 

Asia Pacific frontrunner position as leader of global growth is forecast to remain unchanged in the coming years. Emerging Asia will outpace other world regions in terms of GDP growth again this year with 5.7% growth forecast. The two Asian giants, India (7.5% growth forecast this year) and China (6.6%), are expected to be in the lead. This despite the slowdown of China, which is driven by a rebalancing of the economy towards services and consumption-led growth. Against this background, businesses  focus on the protection of their receivables' portfolio from customers' late payment
 

As highlighted by the October 2016 Atradius Payment Practices Barometer for Asia Pacific, around 90% of the suppliers respondents in Asia Pacific  reported having experienced late payment of invoices from their B2B customers. Due to this, most of the suppliers interviewed in Asia Pacific (34%) reported that they had to take specific measures to correct cash flow, and that they had to pay their own suppliers late (33%). 25% had to pursue additional financing from banks, factors or others to get the necessary funds to pay their own creditors, and 22% had to request a bank overdraft extension. This may explain why most of the businesses in Asia Pacific (20% of respondents) are of the opinion that cost containment and maintaining adequate cash flow will be the greatest challenges to the profitability of their business this year.
 

Andreas Tesch, Chief Market Officer of Atradius commented "Global growth, which is set to expand 2.4% this year (steady with last year) continues to be held back by low commodity prices, insufficient consumer demand in advanced markets, Chinese economic rebalancing, uncertainty surrounding global monetary policy, and geo-political risks. All this gives rise to concerns about increasing debt and deteriorating credit quality, being very likely to cause an increase in corporate bankruptcies in many emerging markets, especially in those depending on trade with China and/or commodities".

 
Eric den Boogert, Managing Director of Atradius Asia commented "Credit conditions across most emerging markets continue to tighten in response to elevated regional and global economic uncertainty. Although economies in  Asia-Pacific show decent economic growth compared to rest of the world, a record number of companies have seen delayed payments which is also supported by our own claims data".
 

The Atradius Payment Practices Barometer for Asia Pacific gives insights into the key factors for customer payment delay, the challenges to business profitability, and the respondents' opinion on payment practice trends by industry in the next 12 months.
 

The complete report highlighting the survey findings of the 2016 Atradius Payment Practices Barometer for Asia Pacific can be found in the Reports & advice section of the www.atradius.com website.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below




Today's  Stories                          October  27, 2016
• Better fiscal control saves Indonesia's economy
• IFC invests in sustainable tourism in Myanmar Subcribe: Asean Affairs Global Magazine
• Brunei’s CPI down 0.2% in Sept
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Avid internet users fuel Indonesia e-commerce
• Travel package to attract more Middle East tourists
Asean Analysis                  September 30, 2016
• Asean Analysis  September 30, 2016
In Washington, Yasay Defends the Duterte Doctrine
Advertise Your Brand

Asean Stock Watch   October  25 , 2016

• Asean Stock Watch-October 25, 2016
The Biweekly Update
• The Biweekly Update  September 30, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com