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Asia

First credit guarantee fund for SMEs approved

Ho Chi Minh City People's Committee has approved the establishment of the first credit guarantee fund to support small- and medium-sized enterprises (SMEs) in Vietnam’s largest city and economic hub. The fund will initially have a registered capital of VND50...

Shanghai banks urged to support SME development

The Shanghai Bureau of the China Banking Regulatory Commission has urged commercial banks and rural credit cooperatives in the city…


Bankers warn capital outflow to bonds market heralds squeeze...

In a meeting with Bank of Korea (BOK) presidents of commercial banks said there is a possibility of active capital…


Government to set up export insurance guarantee fund

The government of India is to set up an Export Insurance Guarantee Fund of Rs 20bn (US$444.3m) to provide risk…


SGF reports factoring income down 29%

Refering to the auditor report of Siam General Factoring Plc. at the end of September 2004 and 2003 the company…


BBL expects total credit to SMEs in 2005 to...

Bangkok Bank Plc (BBL) said its total credit next year is expected to grow by 5-6 per cent from this…


Financial intelligence unit to be set up to track...

India finally has a financial intelligence unit (FIU) for tracking money laundering offences. The Cabinet today gave its nod to…

#anti-money laundering#international#Two


US$7.5bn subsidiary for exporters

State Minister Kursad Tuzmen announced that exporters will be subsidized in 2005 with a US$7.5bn fund from Eximbank. Tuzmen pointed…


RBI panel proposes two-tier system for debt restructuring of...

A Reserve Bank of India (RBI) panel constituted to evolve a debt restructuring system for small-and medium-sized enterprises (SMEs), has…


IFC to extend US$22m loan to Kotak Bank for...

The International Finance Corporation has agreed to extend a loan of US$22m (around Rs 101 crore) to Kotak Mahindra Bank…


EXIM Bank appoints two new executives

Export-Import Bank of Thailand (EXIM Thailand) appointed Mr. Sirichai Sakornratanakul senior executive vice president of EXIM Thailand and Mr. Punnop…


Sinosure raises insurance premium

China's small-and medium-sized enterprises (SMEs) exporters are expected to have lower business risks in 2005, as the nation's sole export…

#exporters#exports#international

Indonesian Government to use some state-firm profits to help...

Coordinating Minister for People's Welfare Alwi Shihab said the government would optimise the use of part of the profits of…

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