BCR Latest News

Finance Credit co-founder indicted

Trond G Kristoffersen, who co-founded the collapsed Finance Credit firm, has been indicted for allegedly swindling Norwegian banks for NOK…


Bank International Indonesia to disburse US$11.8m in loans for SMEs

Bank International Indonesia (BII) will disburse loans totalling Rp100 billion (US$11.8 million) to bolster activities in the real sector and…


Economic growth overtakes that of US

Japan has been growing faster than the US for the first time since 1991, according to revised second-quarter gross domestic…


Record small business SBA lending in Western Washington

A good year at the local SBA office. Small-business funding in Western Washington totalled $286.2m in loans to 1,329 companies…


Tax changes will give businesses a boost

Tax and business-expense changes enacted earlier this year should begin to kick in before the end of the year, generating…


Securitisation act may lose sting

Two crucial provisions in the Securitisation and Reconstruction of Financial Interest and Enforcement of Security Interest Act, enabling banks and…


CNB to require banks to create mandatory minimum reserves

The Czech National Bank's (CNB) decision to require banks to create mandatory minimum reserves as of November 6 will create…


South African Reserve Bank cuts key repo rate by 1…

The South African Reserve Bank's Monetary Policy Committee (MPC) on Wednesday (10 September) announced a 100 basis-point (bps) cut in…


SMEs to benefit from Bimp-Eaga cooperation with EABC

It took quite a while before members of the East Asean Business Council (EABC) realized the huge potential of the…


Lloyds TSB Commercial Finance assists Simbec MBO

Lloyds TSB Commercial Finance in Swansea has helped secure a management buy-out (MBO) at pharmaceutical research company Simbec Research. Senior…


Ingram Micro expects to record charges related to Micro Warehouse…

Ingram Micro Inc. expects to record a third-quarter charge of up to $20 million (approximately $13 million net of tax)…


SMEs urge Karachi Port Trust to review new demurrage charges

The Union of Small & Medium Enterprises (UNISAME) in a meeting Tuesday has urged Karachi Port Trust (KPT) not to…


Finance and Leasing Association expresses concern as Investment in SME’s…

Smaller companies are showing a worrying lack of capital investment, according to the Finance and Leasing Association’s (FLA’s) yearly survey…


European Investment Bank to fund SME loans

The European Investment Bank (EIB) announced yesterday (10 September) that it is providing Ђ40 million for financing capital investment projects…


Imminent Enterprise Act will help boost rescue culture

The Enterprise Act 2003, due to come into force on 15 September, will introduce a number of positive changes that…


Morgan Stanley urges more focus on SMEs

The restructuring of the Malaysian economy and its banks since the 1997/98 Asian financial crisis has been a success, but…


ADB loan to Philexim aimed at SME exporters

The Asian Development Bank plans to make a loan of US$15m to the government's Philippine Export-Import Credit Agency (Philexim) to…


Improved trade deficit prompts growth optimism from leading economists

Britain's trade deficit narrowed sharply in July as the recovering global economy boosted external demand for UK goods, economists said…


World Bank spells out constraints to SME’s growth

Interest in small- and medium-size enterprises (SMEs) by donors, including the World Bank Group, is increasing in Tanzania, the Financial…


Ј10m project will help local SMEs

An exciting Ј10m project aimed at providing free advice to local firms is to be launched at the International Convention…


FDI inflows increase to record US$9.3 bn in 2002

Foreign direct investment (FDI) inflows amounted to a record US$ 9.3bn in the Czech Republic last year, which is the…


“A Development Committee” for SMEs

A round table of small- and medium-sized businesses (SMEs) was the initiative today behind closed doors of the President of…


Small firms given hope of cheaper liability premiums

The pressure on small businesses to meet the soaring costs of compulsory employers liability insurance came a step closer to…


Business confidence up in August

Manufacturers were more optimistic in August compared to previous months: the confidence index, calculated by the ISAE (Economic Research Institute)…


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