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Asia

Canara Bank in pact with SIDBI to co finance...

Canara Bank has signed a memorandum of understanding (MoU) with the Small Industries Development Bank of India (SIDBI) for co-financing small-scale industries (SSIs) and the service sector and for undertaking related infrastructure projects. Canara Bank proposes to increase advances to...

West Bengal Industrial Development Corporation to securitise asset portfolio...

Leading Indian and foreign banks, including Citigroup, Deutsche Bank, Syndicate Bank, ICICI Bank, and State Bank of India, have evinced…

#bank#Deutsche Bank#international


Industrial Bank of Korea to lend 1,000bn won to...

The Industrial Bank of Korea unveiled its plan yesterday (26 September) to provide a total of 1,000bn won ($865.8m) in…

#bank#bankruptcy#Clear


Exports grow by 7% in August

Hong Kong's exports grew by seven per cent year-on-year last month but the rate was slightly slower than in July…


Interest rates remain steady to bolster nascent recovery

Taiwan's central bank held its benchmark interest rates steady in a bid to support Taiwan's budding recovery on Thursday (25…


Industrial confidence peaks

Industrial sentiment hit an all-time high in August thanks to rising orders from both domestic and foreign buyers and the…


Economic growth expected to accelerate in 2004

China's economy is expected to grow by 8.3 per cent this year and perhaps another 8.5 per cent in 2004,…

#economy#Hi#investment


Minister urges SME participation in trade missions

The participation of local companies, especially small- and medium-sized enterprises (SMEs), in investment and trade missions overseas is still lacking…


Business climate worsens for small companies

The business climate for local small- and medium-sized companies (SMEs) is growing more and more unfavourable. According to the Small…


Sinosure joins with chemical engineering group in signing their...

China National Chemical Engineering (Group) Corp. (CNCEC) and China Export and Credit Insurance Corporation (SINOSURE) held a signing ceremony in…


Export surge affects rebate plan

China's reform programme to cut tax rebates for exports seems to have temporarily hit an impasse, partially due to a…

#crisis#exporters#exports


EBRD, IFC provide $3m for small business loans

The European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC) will provide Kyrgyzstan Bank $3m for small…

#3M#bank#business finance

Only 15% of SME's get loans from banks

The small- and medium-sized enterprises (SMEs) only took up about 15 per cent of the total funds released to the…

#bank#guarantees#interest rates

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