BCR Latest News

FDI inflow to CEE region drops by a third

Foreign direct investment (FDI) inflows into Central and Eastern Europe (CEE) dropped by one third from a record US$31bn in…


Government keeps tabs on SMEs’ financial woes

Minister of Finance and Economy Lee Hun-jai has ordered senior ministry officials to step up efforts to keep liquidity problems…


Specialist Article – China Report

This special report examines the difficulties facing treasurers in multi-national corporates in China. Their main challenge is the absence of…


Jewellery executives plead guilty to factored fraud charges

Three jewellery industry executives pleaded guilty yesterday to charges that they were part of a $20 million rip-off of a…


Nafin back in black

Mexico's largest development bank Nacional Financiero (Nafin) reported first half net income of 113m pesos (US$9.9m), compared to losses of…


SBA launches online SME database

The Barbados Small Business Association (SBA) is launching an online business information system (BIS) to keep track of the sector's…


Factoring improves steelworks’ liquidity

After three quarters, Huta Ferrum steelworks is to present satisfactory results, says Jan Waszczak, the company's president. However, the company…


Coface UK launches new receivables finance factoring service

Coface UK, a leading provider of credit solutions for business, has added to its range of credit management products with…


BNP Paribas and Sinosure link up for export credit facility

Huawei Technology Co., Ltd., a large communication equipment supplier in China, announced in Beijing that it had obtained US$28 million…


Factoring fraudster faces 35 years in jail

The former head of the federal Superfund environmental cleanup program was found guilty on Monday of concocting a scheme to…


Deadline for FDA certificate registration approaches

The FDA Certificate course is an excellent way to help key staff build their knowledge and understanding of the industry…


High Court told of disgraced Versailles director’s property portfolio as…

Carl Cushnie, the businessman jailed for defrauding Versailles' investors, used the proceeds of his fraud to buy an Ј8.6m mansion…


Institute for Factors and Discounters elects new chairman

The Institute for Factors and Discounters (IFD) has elected Mr Greg Charlwood as chairman for 2004/05. Mr Charlwood is managing…


Companies use increasingly efficient financial tools.

More and more Lithuanian firms use insurance of goods and currency fluctuation risks as a safeguard against possible losses while…


Slovak EXIM Bank lowers base rate

EXIM Bank governor Ladislav Vaskovic has announced that the Slovak EXIM Bank has reduced its base rate for refinancing loans,…


Government extends export risk coverage to help Swiss exporters

The government has approved measures to compensate Swiss exporters who get their fingers burned abroad. Under these plans, exporters would…


UBA sets aside N1bn for SME loans

Malam Aliyu Dikko, managing director of the United Bank for Africa (UBA), announced that the bank has set aside N1bn…


US allocates US$ 40m to Ukraine to support small business

The US Overseas Private Investment Corporation allocated US$40m to Ukraine to support small- and medium-sized businesses (SMEs) and mortgage crediting…


Chilean factoring bank opens representative office in Mexico

Chilean private bank Bci opened a representative office in Mexico on Monday, the bank said in a statement. The new…


Over RM6.6b in financial aid available to SMIs

International Trade and Industry Minister Datuk Seri Rafidah Aziz said more than RM6.6 billion (US$1.7bn) worth of financial assistance is…


Businesses bypass traditional loans

Just a few weeks ago, economics minister Wolfgang Clement said the main impediment to economic growth was the restrictive lending…


Hammonds expands into Hong Kong

Hammonds has expanded the capabilities in Asia with the appointment of partner Anthony Chan to its Hong Kong office, where…


Fixed charges over book debts

On 26 May 2004, the Court of Appeal revived the confusion of recent years by overturning the first instance decision…


New loans available for Japanese companies operating in Thailand

Under the agreement, Resona will screen the financial conditions of Japanese companies wanting to borrow money to finance their investments…


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