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Asia

'Gold Card' facility for exporters in Karnataka

Exporters in Karnataka with good track records can now expect minimum inspections and speedy clearances by the government for their proposals. The Kanara Chamber of Commerce and Industry said that the commissioner of Commercial Taxes has implemented the "Gold Card"...

South Korean SME income expected to double this year

A new equity fund has been set up to tap into growing investor interest in small- and medium-sized South Korean…


Foreign factoring, financial leasing and venture capital firms’ equity...

Signalling a long-term stability in its foreign investment policy, India has offered to bind itself to allowing 100 per cent…

#banks#financial services#reinsurance


Banks braced for impact of bad SME loans

Local banks are bracing for more trouble - namely defaults by small-and medium-sized companies (SMEs) - after getting burned by…

#bank#bankruptcy#banks


SIDBI to set up Growth Fund for SME sector

The Small Industries Development Bank of India (SIDBI) has decided to set up a ‘Growth Fund’ to provide risk capital/…

#bank#financial institution#risk


Price may cause Government to drop currency swap deal...

The government said it may dump the proposed currency swap deal with the Asian Development Bank if the multilateral agency…


Credit scoring and factoring boosts lending to SMEs

New credit scoring techniques have paved the way for unsecured lending in the small- and medium-sized business (SME) sector, which…


ECGC credit risk policies to have NIC marine cover

The Export Credit Guarantee Corporation of India (ECGC) and National Insurance Company Ltd have decided to unite to provide marine…


Chinese central bank hints at further tightening

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


Small firms' default rate rising

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 buys expertise in merger

Siam General Factoring Plc's purchase of Global Thai Finance will bring financial expertise to the former and a backdoor listing…


Slovenia sign deal to boost trade cooperation

Following the Joint Economic Commission (KEK) meeting in Ankara, Deputy Prime Minister Abdullatif Sener and Slovenian Economy Minister Tea Tapetrin…

#Boost#economy#investments

First farm produce export credit insurance case settled

Shandong Zhucheng Foreign Trade Group Corporation (Zhucheng Foreign Trade), a leading poultry meat exporter, has received compensation of US$760,000 from…

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