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Asia

Arroyo earmarks US$358m for SME loans

President Gloria Macapagal Arroyo has earmarked the release of P20 billion (US$358 million) this year to small- and medium-scale enterprises (SMEs), considered to be the country's growth engines at the community and grassroots levels. The President's pronouncement was boosted by...

#bank#conference#smes

UOB to leverage on niche in SMEs

United Overseas Bank (M) Bhd (UOB) plans to gain market share and enhance profits by building on its niche in…


Public Bank posts record profit, SME loans up 14%

Public Bank Bhd has posted a record net profit of just over RM1bn for the financial year ended 31 December…

#bank#SME loans#smes


ADB signs US$85 million loan to help SMEs

The Asian Development Bank (ADB) said it had signed a US$85 million export credit agreement with six Indonesian banks, including…


Euler Hermes signs a cooperation agreement with SINOSURE

In order to expand its presence in the Chinese market the Euler Hermes Group has entered into a cooperation agreement…


Banks' long-term credit rating improving

Things are looking up in Turkey. The Fitch Agency, which issues international credit ratings, has upgraded both Turkey's credit rating…

#bank#banks#international


Banks not fully equipped to lend to small-scale sector...

Reserve Bank of India has said that banks are not fully equipped to promote small-scale enterprises and asked them to…

#bank#exports#risk


Foreign banks licenced for yuan transactions, one to start...

Chinese financial authorities granted licences to four foreign banks on Friday, allowing them to carry out transactions in yuan directly…

#bank#banks


DTI looks to revise November exports statistics

The Department of Trade and Industry (DTI) has insisted that Philippine exports grew by at least 18 per cent last…

#exporters#exports#management


Exim Bank of India to tie-up $75m credit lines...

Export and Import Bank of India (EXIM) is to tie-up credit lines worth $75 million with five African and central…


Global Thai, Siam General set to merge

Siam General Factoring Plc is to merge with Global Thai Finance Co through a 100-per-cent share swap in a move…


Economy heading towards recovery

The South Korean economy is showing signs of recovery, including strong exports and positive expectations from large businesses, according to…

#bank#exports#GDP

FAPCCI and SIDBI offer training for new exporters

The Federation of Andhra Pradesh Chamber of Commerce and Industry (FAPCCI) in association with Small Industries Development Bank of India…

#bank#exporters#exports

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