Who is following up with customer on AR now?
As part of our revised biz plan, we are getting Tom to focus in growing sales via targeted trading resellers and I see some improved results in July. Just want to keep an eye on the AR to make sure our credit exposure is manageable
Also, with the weakening THB against USD, we need to speed up collection and convert THB to USD quickly before THB weaker further. See attached exchange rate chart for last 12 months. Rate was quite stable around 32.5 but the rate has weaken significantly (about 10% since April 2015, with today rate hitting a high of 35.5)
Patsy, will call you tomorrow. Need your help to watch regional currencies exchange rate closely. With China now also weakening RMB to boast export, we expect regional currencies to remain volatile and weak going forward. Headache!