Melbourne Cup Day and Culture Day in Japan

If you work in Australia outside the State of Victoria, you are probably taking a ‘sickie’ today. The Melbourne Cup horse race, always held on the first Tuesday of November

Chung Yeung

The festival has many names: Autumn Remembrance, Festival of High Places, and Double-Ninth. Just like the Ching Ming Festival, which happens every spring

Hangul Day

Every 9 October is Hangul Day, a national holiday in South Korea to celebrate the invention of Hangul and its adoption as the official alphabet of the Korean language by Korean

Business Re-boot Considerations

The COVID crisis has been an enormous strain on many businesses and many are looking at plans to ‘reboot’. Here are some thoughts from Trinity Bridge Asia on the five key aspects that you should consider when preparing such a plan.

Partner Identification Process

Many of Trinity Bridges’ clients are looking to identify the right Asian partner and negotiate a distribution deal that will ensure growth and success in Asia.

Gandhi Jayanti

Gandhi Jayanti is a national holiday in India. Jayanti means jubilee, and this holiday falls on the anniversary of Mahatma Gandhi’s birthday in 1869, to celebrate his contribution to world peace.

CFOs and the impact of COVID-19

We deconstructed the opening panel on the changing leadership role of the CFO into 5 questions. What has been the biggest impact of coronavirus virus on your business?

Galungan Day

Galungan Day in 2020 falls on 16 September and is a Balinese holiday celebrating the victory of dharma over adharma. It marks the time when the ancestral spirits visit the Earth and is related to Diwali,

CFO ConneX Inaugural Event

Virtual event: 10 September

We deconstructed the opening panel on the changing leadership role of the CFO into 5 questions.

  • What has been the biggest impact of coronavirus virus on your business?
  • Do you see this as a temporary or permanent impact?
  • How has this affected your role as a CFO leading the business?
  • How has the need to manage risk more closely changed your relationship with other stakeholders?
  • How has the finance function coped during this time?

The three panelists were CFOs from the pharma, tech and manufacturing sectors, so it was no surprise that the coronavirus has had very different impact on these businesses.

In pharma, there has been a greater urgency to develop products to combat infectious diseases. In tech, the income from services has remained steady with a boost in demand for outsourcing. However, in manufacturing the challenges in managing a physical supply chain, and the squeeze in demand and liquidity from customers, has been very challenging.

The panelists agreed that the trading impacts were likely to be temporary, although hard to predict the duration of the hiatus. What was perhaps surprising was the common ground on some aspects of more permanent change.

  • All the businesses were already on a path towards digitisation of their finance functions but agreed that the coronavirus has been a catalyst in driving that process faster, even if this is not always naturally within the team’s comfort zone.
  • All the businesses agreed that the extent of business travel will not return to the levels seen before the coronavirus, leading to permanent savings, but probably longer working days on video conferencing.
  • The need for updated risk radar, more frequent forecasting and a more comprehensive business continuity plan means that CFOs are going to have a more deeply engaged relationship with the broader set of stakeholders

National Heroes Day in the Philippines

In the Philippines, the National Heroes Committee was established in 1993 under President Fidel Ramos, and the last Monday in August is designated as National Heroes’ Day, a public holiday.