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ICICI To Launch New Factoring Software Product

The Mangalore-based ICICI group, which consolidated its in-house IT department to launch ICICI Infotech in 1999, is preparing to develop a new factoring software product. ICICI Infotech has expanded from India to the United States, Singapore and Sri Lanka. What...

New Law to Make Factoring a More Attractive Alternative...

As the country slowly winds its way out of the protracted recession, small-and medium-sized enterprises (SMEs), the backbone of the…


Thailand's Small Industry Finance Corporation Revamps Loan System

The Small Industry Finance Corporation (SIFC) is stepping up its efforts to lend 30bn baht this year, despite slipping below…

#credit risk#crisis#interest rate


Bank Indonesia Chief Convicted Following Scandal Involving Era Giat...

After 14 months of prolonged trials, the Governor of Bank Indonesia, Sjahril Sabirin, was finally sentenced to three years in…

#bank#banks#crisis


“Quick Factoring” to Give Boost to Tourism Industry

A new fund tailored to put the zest back into tourism has been established with two billion baht. The Replenish…

#bank#Boost#risk


Global Trade Finance Pte Ltd Gets P1+ Rating from...

Global Trade Finance Private Limited (GTF) has obtained ‘P1+’ rating from CRISIL for Rs. 500 million Commercial Paper Programme. GTF…


Verdict due on Central Bank’s Governor Over Allegations of...

The Central Jakarta District Court is scheduled to present its verdict on Bank Indonesia Governor Sjahril Sabirin on March 6.…

#bank#crisis#Paid


GTF Becomes India's First Ever Forfaiting Institution

Global Trade Finance, India's premier export finance service provider, has become the first Non-Banking Finance Company (NBFC) to obtain the…


Ruling to Ease Debt Disputes in China

Debt disputes are expected to become less of a "headache" for both domestic and foreign creditors in Beijing, as the…

#debt collection#insolvency#Paid


Small Industry Finance Group in Thailand Launches “Quick Factoring”

Quick business-loan approvals are being offered by the Small Industry Finance Corporation, which promises to make a decision within 72…

#bank#SME bank#smes


Siam General Factoring Records Significant Improvements on 2000 Performance

Siam General Factoring reported a net profit of 9.4m bt for Q3, which compares with a net loss of 25m…


Shares in Thai Finance Firm Oversubscribed Almost Five-Fold on...

New shares of Aeon Thana Sinsap (Thailand) PLC, a Thai finance firm offering purchase loans, credit cards, personal loans and…

#ABN AMRO#corporate finance#Two

Factoring Operation Contributes to CAHB Group’s Profits

Commerce Asset-Holding Bhd Group (CAHB) has registered a 10.3% increase in its operating profit to RM1.17bil for the nine-month period…

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