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Local banks are bracing for more trouble - namely defaults by small-and medium-sized companies (SMEs) - after getting burned by credit card companies. A growing number of SMEs are teetering on the brink of bankruptcy. “About 80 per cent of...
#bank#bankruptcy#banks
The Small Industries Development Bank of India (SIDBI) has decided to set up a ‘Growth Fund’ to provide risk capital/…
#bank#financial institution#risk
The government said it may dump the proposed currency swap deal with the Asian Development Bank if the multilateral agency…
New credit scoring techniques have paved the way for unsecured lending in the small- and medium-sized business (SME) sector, which…
The Export Credit Guarantee Corporation of India (ECGC) and National Insurance Company Ltd have decided to unite to provide marine…
China's central bank said that further measures might be needed to slow credit growth after it tightened monetary policy by…
#bank#Bank of China#banks
The lengthy economic slump has led to growing overdue small- and medium-size companies (SME) loans. According to financial sources, the…
Siam General Factoring Plc's purchase of Global Thai Finance will bring financial expertise to the former and a backdoor listing…
Following the Joint Economic Commission (KEK) meeting in Ankara, Deputy Prime Minister Abdullatif Sener and Slovenian Economy Minister Tea Tapetrin…
#Boost#economy#investments
Shandong Zhucheng Foreign Trade Group Corporation (Zhucheng Foreign Trade), a leading poultry meat exporter, has received compensation of US$760,000 from…
Business start-ups that hire more than 10 employees will enjoy tax exemptions of up to 100 per cent over the…
#economy#interest rates#Jobs
The number of service businesses that defaulted on payments jumped last month. The Bank of Korea said yesterday that 401…
#bank
Malaysian companies, especially small- and medium-sized enterprises (SMEs), have started to take advantage of the zero import tariff on Hong…
#economy#exports#GDP