Nissan picks Singapore for treasury centre

The Japanese carmaker will set up a global payments factory to reduce transaction processing costs and improve liquidity.

Japanese carmaker Nissan is to set up a treasury centre in Singapore to manage treasury transactions in Asia and handle global payments. The centre opens on April 1.

The news coincides with an announcement that Nissan has established an Asean headquarters in Singapore to oversee core business functions for the region including marketing and sales, franchise management, public relations and production order processing.

The treasury centre will initially manage the company's foreign...

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