THE MAGAZINE FOR FINANCIAL DIRECTORS AND TREASURERS
MARCH 2002 ISSUE Home | Free email newsletter | Site map | Contact us 
 

COVER STORY
SIXT SENSE
Hutchison Whampoa, the Hong Kong conglomerate that may be Asia's most interesting company, has made a make-or-break bet on third-generation mobile phone technology. In an exclusive interview, CFO Frank Sixt explains Hutchison's strategy, and why the company just might win.
read the entire story
 
FEATURE

BEST PRACTICES AWARDS: SO FINE
Presenting the winners of the CFO Asia/PricewaterhouseCoopers Achievements in Best Practices Awards.

Turnaround Management Theirry Moulonguet The finance chief of Nissan placed profitability at the center of decision-making.

Managing External Stakeholders Rajendra Kasliwal Hindalco's CFO raised his communications with investors to an almost frenetic level.

Managing Finance in an SME Babu Shankar The CFO of Fosroc Chemicals tackled multiple jobs when he found its cash position in peril.

Raising Capital Chris Matten OCBC's finance chief cooked up the biggest international debt raising by a Singapore issuer.

Risk Management James Irvine BAT Malaysia's CFO incorporated the management of risk into the day-to-day fabric of his company.

Turnaround Management: Special Commendation Peter Leong Comfort's finance director helped the company make the best of what it had.

Raising Capital: Special Commendation Delfin Gonzalez The CFO of Globe Telecom tapped various sources while balancing capital structure.

 
SPECIAL REPORT: CHINA'S ENTRY INTO WTO

RAISING STAKES
Joining the WTO will permanently change China's economic landscape as foreigners rush to boost investment in the mainland.

Give Them Hope: Tying performance to pay and corporate goals to employee goals helped turn a rag-tag collection of state-owned enterprises into a profit machine that is now China's largest independent auto parts maker.

The Foreign Invasion: We survey finance executives around the world and learn that interest in China continues to soar despite fears that China might not meet all of its WTO commitments.

Cash control: A lot of the uncertainty in cash management is now starting to disappear, thanks to the introduction of a national interbank clearing system.

 
FOREIGN EXCHANGE
FX AND THE HOLY GRAIL
Straight-through processing is the buzzword that is making treasurer's hearts flutter. The streamlining and automation of entire trade cycles will not only reduce a treasurer's workload, but also shrinks the potential for human error. So why have few forex managers abandoned their phones to start trading on-line? Complete systems have yet to be introduced, but the portions that are available now can still save time and money.
 
MONEYWATCH
PUT IT PROPERLY
With the IPO market dead for the time being, some CFOs are using more creative means to raise funds. Three Taiwanese companies have tapped into the convertible bond market, raising US$500 million. Convertible bonds are essentially equity issues with a hybrid of bonds, that are a cheap cost of funding as most recent ones have leaned towards a zero coupon. But CFOs beware; these bonds can burn you if not handled with care.
 
TECHWATCH

THE PERFECT PROFIT
Companies across all industries are taking a broader look at the factors that influence profits. Profit-optimization tools can help, for example, by working demand-related data into pricing or updating prices frequently based on market conditions. Though few have yet to adopt profit optimization, it can add as much as 6 percent to the bottom line within a year.

High-tech storage options are multiplying. Here are some of the best.