HSBC, Hasko sign agreement

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)