BCR Latest News

Interest-free loans reach hundreds of SMEs

A total of 544 small- and medium-sized enterprises (SMEs) in Macau, applying for a government-funded interest-free loan to weather the…


Survey of bank use by SMEs reveals credit expensive and…

The Warsaw Banking Institute (WIB) and the CBM Indicator brokerage undertook a survey of bank use among small- and medium-sized…


SME Development Fund invites applications to finance SME development projects

The Hong Kong Trade and Industry Department (TID) will start to invite applications for the third round of the SME…


Exim Bank offers two new insurance plans

The Export-Import Bank of Thailand has introduced new medium- and long-term export insurance covering risks for transactions over 180 days.…


Steering towards economic collaboration

Much business was concluded at the inaugural meeting this week of an inter-governmental forum for economic cooperation between Singapore and…


High growth in loans explained

The balance of loans provided by financial institutions in China had hit 15.89 trillion yuan by the end of June…


ExIm Bank plans US$500 million trade credit programme for Iraq

The US. Export-Import Bank said yesterday (28 August) that it expects to approve a US$500 million loan fund to provide…


Sale of Bombardier unit likely cut by $150 million due…

Bombardier Inc. could see up to $150-million shaved off the $1.23-billion price being paid for its recreational products division. The…


Political attacks on president threaten economic confidence and growth

The Philippines' chief economic planner warned yesterday that political attacks against President Gloria Macapagal-Arroyo following last month's failed mutiny could…


NMB-Heller, Grant Thornton team help Webcon UK in unique MBO…

Specialist UK carburettor distributor of the Weber and Solex brands, Webcon has completed a management buy out (MBO) from its…


IFRS 2005 – Are you ready?

ACCA (the Association of Chartered Certified Accountants) has begun a research project to ascertain companies’ readiness for the transition to…


HSBC voted best small business bank again

Members in Practice of the Chartered Institute of Management Accountants (CIMA) have voted HSBC Bank the ‘Best Small Business Bank’.…


Export Finance and Insurance Corporation appoint Managing Director

Trade Minister Mark Vaile yesterday (27 August) announced the appointment of Mr Angus Armour as Managing Director of the Export…


Exporters urged to use export credit insurance to boost competitiveness

Malaysian exporters are urged to be more aggressive in exporting their products by not relying on letters of credit (LCs),…


Special Administrative Region `unlikely to develop into industrial hub'

Secretary for Commerce, Industry and Technology, John Tsang, said yesterday that the government was not likely to provide tax incentives…


Business investment declines but is expected to rise again

Polish companies' aggregate investment levels continued to decline in the first six months of 2003, dropping 2.2% to PLN 21.8…


Banks seek to regain business credit market

The commercial banking sector needs to recover ground lost to the suppliers that have become the primary credit sources for…


Interest-rate on hold as growth picks up

Poland's rate-setting Monetary Policy Council (RPP) opted on Wednesday (27 August) to keep official borrowing costs on hold for a…


Eurochambres voices concerns over Basel II’s negative effects on SMEs

In an open letter to the Financial Times, London, Christoph Leitl, president, Eurochambres, the European Chambers of Commerce, has voiced…


GERLING NCM helps companies deal with regular payment defaulters

GERLING NCM, soon to be renamed as Atradius, has launched a new contract debt collection service designed to help companies…


Canbank Factors Ltd reports best ever in volume and profit…

Canbank Factors Ltd, a subsidiary of Canara Bank, recorded its highest ever turnover (factoring volume) of Rs 1,223 crores for…


Trade figures massively distorted by termination of VAT “carousel” fraud

A breakdown of trade figures from the Central Statistics Office (CSO) indicates that up to 40% - or some Ђ3.5…


GERLING NCM receives APRA licence

Further to the recent Export Finance and Insurance Corporation (EFIC) statement regarding the sale of EFIC's short-term export credit insurance…


Financial laws reform timetable announced

Starting as early as 2006, financial firms, including banks and insurers, will be free to provide the same or similar…


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