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Asia

Economist advocates cheaper loans to help SMEs

Hernando De Soto, a Peruvian economist, at the invitation of President Gen Peervez Musharraf, delivered a lecture on Monday on ways of providing cheaper finance to Pakistan’s small- and medium-sized enterprises (SMEs). The audience included cabinet members, economists, and civil...

#financial institutions#guarantee#MAN

Trade finance – Export credit

China has two organisations providing official export credit support: the China Eximbank, which was established in 1994 and China Export…

#bank#exporters#exports


HYSEA plans fund to help SMEs market products

The Hyderabad Software Exporters Association (HYSEA) is setting up a fund with support from state governments, non-resident Indians (NRIs) and…

#exporters#smes#software


Stake in Siam City Factoring sold

Siam City Bank has sold a 48.16 per cent stake (8,668,800 shares) held in Siam City Factoring at 0.35 bt…

#3M#bank


ECGC identifies factoring as key business growth area

Export Credit Guarantee Corporation of India Ltd (ECGC), now beefed up with a higher equity base, has identified factoring services…

#bank#exporters#exports


World Bank and Turkey sign export finance loan deal

The World Bank and Turkey have signed a US$303m Export Finance Intermediation Loan (EFIL) Agreement. The agreement was signed by…


Government will give importance to SME sector

The Kerala Government will give equal importance to the development of the small- and medium-sized enterprises (SMEs) as to other…

#investments#smes


AllBank in pact to sell ECGC products

The Export Credit Guarantee Corporation (ECGC), which offers credit insurance protection to exporters has entered into a bancassurance agreement with…

#bank#banks#exporters


New money-laundering attack

The Ministry of Finance and Economy is trying to suppress money laundering by strengthening the powers of the Korea Financial…


Bank of Asia on negative watch

Fitch Ratings, the international ratings agency, has placed Bank of Asia’s long-term and short-term debt on negative watch following news…


New credit insurance schemes for emerging export streams

ECGC Ltd is now in discussions with various trade organisations, software exporters as well as Nasscom (National Association of Software…


Kazakhstan receives US$24.5 bn of FDI

Total foreign direct investment (FDI) in the Kazakh economy in 1993-2003 amounted to US$24.5 billion, Yerlan Arinov, head of the…

#economy#investment#trade

Small Debt Resolution Scheme to help SMEs

Bank Negara Malaysia will start promoting its Small Debt Resolution Scheme (SDRS) to small- and medium-scale enterprises (SMEs) by the…

#bank#banks#conference

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