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Substantial Increase in Corporate Bankruptcy in Japan

In July Japanese corporate bankruptcies rose 21% year on year to 1,617. Total debts owed by bankrupt firms tripled to 4, 260bn Yen (Ј26bn). There is concern that the rate of bankruptcy could be boosted even further by Japan’s recent...

Interest Rates Rise For First Time in Ten Years

On Friday, the governor of the Bank of Japan, Masaru Hayami, persuaded the bank’s policy board to raise rates from…

#bank#economy#interest rates


Politicians Weaken Their Opposition to Interest Rate Rise

Hiromu Nonaka, the Secretary General of Japan’s ruling Liberal Democratic Party has made an announcement regarding future changes in the…


Prime Minister Warns Against Insularity

The Indian Prime Minister, Atal Behari Vajpayee, has told his party that “all of us should realise that globalisation is…

#international#international factoring#investments


LOFAC’s Export Factoring Figures, January – July 2000.

Country Volume (in US$) Percentage of Total Export Factoring Volume Canada 599,324 24.24 Poland 426,312 17.24 USA 345,688 13.98 UK 262,742 10.63 Germany 183,275 7.41 France 139,284 5.63 Netherland 126,076 5.10 South Africa 98,310 3.98 Australia 97,452 3.94 Chile 76,694 3.10 Japan 58,800 2.38 Italy 31,485 1.27 Belgium 25,919 1.05 Austria 938 0.04 Total 2,472,299 100 

#poland


Interest Rate Instability Continues

There has been a sharp increase in the money market rates in Sri Lanka during the last month and a…


Ministry of Finance Considers Bank Pleas.

According to Jeff Liu, Senior Vice President of the Chailease Finance Corporation, several banks are currently urging the Ministry of…


Strategy Alliance of Dah An Commercial Bank and Chailease

Underlining an ongoing trend in Taiwanese banking, Dah An Commercial Bank have entered into a co-operative arrangement with the Chailease…


Chailease Launch E-Commerce Service

From August 2000, clients of the Chailease Finance Corporation, Taiwan’s largest international factor, will be able to access their accounts…

#assignment#e-commerce#international


China Signals Freer Policy on Interest Rates

The Chinese Government is paving the way for a relaxation of currency trading rules as part of sweeping reforms to…


SBI Factors Lobbies for Regulatory Changes

SBI Factors is looking for certain regulatory changes to ensure that factoring takes off in a major way. Business is…

#SBI


Canbank Predicts Strong Turnover Growth

Canbank Factors achieved a turnover of Rs. 1,000 Crores in 1999-2000 and expect growth of 25-30% in the coming financial…

#bank#guarantees#invoice


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