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Asia

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 World Bank's Country Director for Turkey, Andrew Vorkink, Economy Minister Ali Babacan, Treasury Chief Ibrahim Canakci, and TSKB Bank President...

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


The future of Thai banking

Finance companies have until mid-year to submit plans on whether they will upgrade to a full-service or retail banking licence…

#bank#financial services#management


Tax service gets tough on fake invoices

The National Tax Service is stepping up efforts to stamp out the trade in fraudulent invoices, which some traders use…

#fake invoices#trade


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…

#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

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