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Asia

VAT finally imposed on banks, factors and leasing companies...

The Department of Finance and the Bureau of Internal Revenue ended years of suspense and imposed value-added tax on banks as provided under Revenue Regulations (RR) No. 12-2003 last March 10. RA 8424, or the National Internal Revenue Code, which...

#assignment#bank#receivables

Bharat Overseas Bank pares rates on SSI credit

Bharat Overseas Bank Ltd has lowered interest rates on credit to agriculture and small-scale sectors (SSIs). "The revised interest rates…

#bank#interest#interest rates


SMEs are hit by the large bank credit crunch

Yamaya is one of countless small- and medium-sized enterprises (SMEs) in Japan feeling the effects of a widening credit crunch.…

#bank#exports#financial services


Bank of Japan to help SMEs to raise capital...

The Bank of Japan (BoJ) is to kick-start the development of an asset-backed securities market for small businesses to give…

#bank#liquidity#receivables


'SMEs must have the killer instinct' to help achieve...

Speaking at a workshop on 'New Export-Import Policy', the director-general of Foreign Trade, Mr Labanyendu Mansingh, said the list of…


Innovative financing sought for small scale industries sector

The Credit Guarantee Fund Trust for Small Industries (CGTSI), set up by the Government of India and the Small Industries…

#bank#interest rates#management


Lending to SMEs tumbles in three months to May

Kookmin Bank, Korea's largest lender, lowered this year's target growth rates for corporate loans to less than 5 per cent,…

#bank#banks#leasing


Bank Negara safeguards must be in place before banks...

Banking business as defined by the Banking and Financial Institutions Act 1989 (Bafia) includes the business of receiving deposits, paying…


Standard & Poor’s downgrades Kookmin Bank's Outlook Rating over...

Standard & Poor's Ratings Services (S&P) announced yesterday that it had downgraded its outlook on the long-term credit rating for…

#bank#risks#smes


Banks to give composite loan of Rs 50 lakh...

Small-scale units can now get a composite bank loan of up to Rs 50 lakh as against a maximum of…


Deputy PM calls on SMEs to capitalise on ‘cash-flow...

The Government has made credit access sufficiently easy for small- and medium- scale enterprises (SMEs) that they can stop turning…


State bank working for new regulation for SMEs

State Bank of Pakistan (SBP) governor, Dr. Ishrat Husain, said the central bank was working on new prudential regulations that…

#bank#exports#regulation

Asian Development Bank to assign US$150 million to Pakistan...

The Asian Development Bank (ADB) has pledged US$150 million in assistance to Pakistan to restructure and develop its small- and…

#ADB#Asian Development Bank#bank

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