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Finance companies have until mid-year to submit plans on whether they will upgrade to a full-service or retail banking licence or risk being marginalised as a credit company with a sharply restricted scope of operations. Foreign banks are similarly weighing...
#bank#financial services#management
The National Tax Service is stepping up efforts to stamp out the trade in fraudulent invoices, which some traders use…
#fake invoices#trade
President Gloria Macapagal Arroyo has earmarked the release of P20 billion (US$358 million) this year to small- and medium-scale enterprises…
#bank#conference#smes
United Overseas Bank (M) Bhd (UOB) plans to gain market share and enhance profits by building on its niche in…
Public Bank Bhd has posted a record net profit of just over RM1bn for the financial year ended 31 December…
#bank#SME loans#smes
The Asian Development Bank (ADB) said it had signed a US$85 million export credit agreement with six Indonesian banks, including…
In order to expand its presence in the Chinese market the Euler Hermes Group has entered into a cooperation agreement…
Things are looking up in Turkey. The Fitch Agency, which issues international credit ratings, has upgraded both Turkey's credit rating…
#bank#banks#international
Reserve Bank of India has said that banks are not fully equipped to promote small-scale enterprises and asked them to…
#bank#exports#risk
Chinese financial authorities granted licences to four foreign banks on Friday, allowing them to carry out transactions in yuan directly…
#bank#banks
The Department of Trade and Industry (DTI) has insisted that Philippine exports grew by at least 18 per cent last…
#exporters#exports#management
Export and Import Bank of India (EXIM) is to tie-up credit lines worth $75 million with five African and central…
Siam General Factoring Plc is to merge with Global Thai Finance Co through a 100-per-cent share swap in a move…