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Asia

Insurance giant granted brokerage licence in India

Marsh Inc., the world's leading risk and insurance services firm, announced that it has received an insurance brokerage licence from the Insurance Regulatory Development Authority of India (IRDA). Marsh said it is among the first foreign insurance brokers to receive...

Factoring and leasing company seeks reduction in financing costs...

Factoring and leasing company, Siam Panich (SPL) expects to post revenue growth of 22% in 2003, with net interest spreads…


Myanmar mired in worst financial crisis

Riot police are out in force in Yangon as the country's worst financial crisis continues to spiral out of control…


SSIs still starved of credit

Concerned with the inadequate availability of credit to the small-scale sector, Minister of Small Scale Industries, C P Thakur, said…

#bank#banks#Boost


Industrial Finance Corporation of Thailand plans new lending to...

The Industrial Finance Corporation of Thailand (IFCT) is likely to become a commercial bank next year, focusing on long-term industrial…

#bank#investment#smes


Hong Kong bank urges China to keep yuan stable

The yuan isn't undervalued and China should stick to its policy for a stable yuan, according to Bank of China…


Vietcombank gears up to be regional institution with SMEs...

The banking sector needs to embrace international safety systems within the next five years to ensure steady development of Vietnam's…


Central bank relaxes requirements for banks lending to SMES

The policy-making body of the Bangko Sentral ng Pilipinas is waiving the reporting requirements for banks making certain un-restructured loans…


Merger of credit cooperatives to create third commercial bank

Shanghai is planning to create a third city commercial bank by merging more than 230 rural credit cooperatives according to…


SMEs seek a dedicated bank

The government should pave the way for opening of large fund-based private banks, specifically dedicated to small and medium enterprises…

#bank#banks#liquidity


ADB extends US$85m in export credits to SMEs

The Asian Development Bank (ADB) agreed to extend US$85m in export credits to Indonesian small- and medium-size enterprises (SMEs) on…

#ADB#bank#exporters


Plea to government for increased SME funds under existing...

The government has been asked by the Davao City Chamber of Commerce to increase available funds to the two existing…

SMEs are invited to tap potential of 1.3 billion...

Local entrepreneurs, and small- and medium-sized enterprises (SMEs) are invited to tap the 1.3 billion customers potential of the 57…

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