HSBC, Hasko sign agreement

JAKARTA (JP): The Hong Kong and Shanghai Banking Corporation (HSBC) Indonesia early this week signed an agreement with panel wood manufacturer Hasko Group to provide cash management financial services.

The package called "Hexagon" includes account information services and funds transfers, according to senior manager of HSBC Indonesia James Hogan.

Funds transfers cover leasing, supplier payments, trade payments and salary payments, he said.

The services are electronically delivered through the Internet, he added.

The agreement was signed by HSBC Indonesia vice president Guy Hamilton and senior officials of Hasko Group on Tuesday.

The Hasko Group is a panel and structural wood manufacturer that is also involved in the development of forest plantations. (udi)