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MOL treasury unit gets Singapore boost
It bags Finance & Treasury Centre status which comes with a reduced corporate tax rate
Add BT as a preferred sourcePublished Fri, Jun 10, 2016 · 09:50 PM
Singapore
THE treasury arm of Japan's leading shipping company, Mitsui OSK Lines (MOL), has secured Finance & Treasury Centre (FTC) status in Singapore.
MOL Treasury Management (MTM) managing director Mitsujiro Akasaka said: "With the FTC status, we will be able to consolidate the surplus funds of all our companies in the region under the MTM umbrella. This will make it easier for MTM to meet the funding requirements from our 36 companies in the region."
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