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Asia

Global Trade Finance targets domestic factoring

Global Trade Finance Pvt Ltd (GTF), receivables management and export-financing company promoted by Exim Bank of India, WestLB of Germany and International Finance Corporation of Washington, today said it would explore opportunities in the Rs 7,000-crore domestic factoring business. GTF,...

#bank#exporters#exports

ICICI Bank and five partners invest Rs 800 crore...

ICICI Bank, with five other financial intermediaries, has set up a Rs 800 crore India Advantage Fund for the equity…

#bank#guarantees#management


ECGC announces lower premiums and new products for services...

The Export Credit Guarantee Corporation of India Ltd (ECGC) has reduced premium by between 20 and 40 per cent on…


Euro could outshine dollar for international trade and currency...

With the continued strengthening of the euro against the dollar, several export-driven companies are seriously considering switching to the euro.…

#bank#international#International Trade


Major Exim policy package aims at service sector, US$80bn...

In a watershed Exim policy, government announced a major package for exports of services, special focus on high growth sectors…

#exports#global trade#software


Siam General Factoring announces dividend decision

Siam General Factoring said its board on March 28 approved no dividend for 2002 due to retained loss, a capital…

#Clear


Bank crisis update

A senior leader of Myanmar's ruling military junta has urged those who have borrowed from crippled banks to repay their…


Power firms await Electricity Bill before insuring receivables

Power producers will now be able to insure their receivables against non-payment of payments due as the insurance sector is…


SMEs benefit from new monetary measures

Bank Negara governor, Tan Sri Dr Zeti Akhtar Aziz, announced monetary measures aimed at addressing the current economic challenges during…


Bank of India plans rating tool for SSIs

Bank of India (BoI) plans to introduce an exclusive Small Scale Industries (SSI) credit rating system which will take into…

#bank#interest rates#management


Taskforce calls on UK government to reimburse ECGC of...

The Taskforce on Project Exports, set up by Prime Minister’s Office in June 2002, has recommended in its report that…


Factors and commercial finance drives CAHB group profit of...

Commerce Asset-Holding Bhd recorded a higher pre-tax profit of RM747.6m for the year ended Dec 31, 2002, compared with RM515.6m…

#bank#CIMB#commercial finance

Bank's revolving credit scheme for SSIs

Canara Bank has launched a new scheme for small-scale industries (SSIs) banking with it. The bank will sanction a stand-by…

#bank#interest#working capital

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