BCR Latest News

Germany's SME loan programme chooses China Merchants Bank

China Merchants Bank Co has been selected to be the conduit for a German government loan programme targeting small- and…


Key interest rates cut by 1%

The Reserve Bank said on Thursday (14 August) it was cutting its key repo rate by 100 basis points to…


Federal funds available to small businesses affected by storms

Low-interest federal loans of up to US$1.5 million have been approved for small businesses affected by storms that swept across…


Draft Financial Reporting Bill is good news for SMEs

Small companies (with “(Pty) Ltd” after their names) may in future be allowed to present simplified, more easily prepared accounts,…


Low interest, no collateral loans on offer to SMEs

Some P8 million (US$145,000) from the Network Bank is available to small- and medium-size enterprises (SMEs) at low interest rates…


International Enterprise Singapore launches scheme to help SMEs expand overseas

International Enterprise Singapore (IE Singapore) has launched the iFinance Consulting Programme to help firms expand abroad. It is expected to…


IFC looks to invest an extra $70 million in Vietnam

The International Finance Corporation (IFC), part of the World Bank Group, plans a further investment of US$70 million in Vietnam…


GM finance arm considers suing Bank of New York over…

Executives at GM Acceptance Corporation, the financial arm of General Motors, are considering suing Bank of New York (BoNY) in…


Small firms told to face the factoring facts

Many small firms still view factoring or discounting with “unwarranted” suspicion, says John Twigg, chief executive of small business advisor,…


IFC and Zurich Emerging Markets Solutions establish a risk sharing…

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, and Zurich Emerging Markets Solutions, the…


City Invoice Finance report profits up 59% in 2002, record

City Invoice Finance has reported a pre-tax profit of Ј479,835 for the year to 31 December 2002, an increase of…


Low-interest loans for exporters

Enterprises are to be offered soft loans carrying an interest rate one-third of the commercial rate to export goods prioritised…


Exports expected to hit $21bn

Under 2004’s trade development plan, the year’s exports are expected to net around $21bn, a rise of 8.8% compared with…


More choice for exporters

German credit insurer Gerling NCM will acquire the Australian government’s Export Finance & Insurance Corp’s short-term export credit insurance business…


Goverment plans to spread SME growth throughout country

Economy Secretary Fernando Canales Clariond acknowledged yesterday that, with the exception of the Yucatan peninsula, the country's south-southeast region registered…


Tax clinics to assist SSIs on legal issues

The Central Board of Excise and Customs (CBEC) has issued a directive to "break the communication wall, if any, between…


Hopes rise of better rights for businesses in China

China's top leaders have announced plans for changes to the constitution intended to promote economic development, making public a process…


SME Invoice Finance launches new website for SMEs and their…

Dedicated to meeting the cash flow needs of small- and medium-sized enterprises (SMEs), SME Invoice Finance (SMEIF) has announced the…


Eurofactor UK named Top Import Factor in IFG poll

Members of the International Factors Group (IFG) have voted Eurofactor UK Limited number one Import Factor for customer service. Jan…


Non-reimbursable loans for SMEs in the second phase of the…

The second appeal for recommendations of projects within the non-reimbursable financing plan for small- and medium-size enterprises (SMEs) was launched…


Export trade drops with countries outside EU

Exporters suffered another drop in trade with countries outside the EU in June, according to figures released yesterday by the…


Corporation tax overhaul would damage cashflows says ACCA

Proposals for the long-awaited revamp of the UK's corporation tax system would lead to cashflow problems for businesses, says ACCA…


HM Customs help businesses in the fight against VAT missing…

Customs have today published new guidance to help honest businesses from being caught up in VAT fraud in the computer,…


CBI in plea over export credit

The Confederation of British Industry (CBI) will today urge the government to give UK businesses the same level of help…


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