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Asia

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 ended 30 September 2001. The group’s higher year-on-year operating profit was achieved on the back of higher earnings and a...

Collateral Rule to be Relaxed

For years, commercial banks have been urged to improve their credit analysis and risk management to turn away from traditional…


Stock Exchange Board Approve Listing of AEON Thana Thinsap

The Stock Exchange of Thailand (SET) president, Kittirat Na Ranong, said the SET board has approved the listing of AEON…


BFC appoints PWC as advisor

Publicly listed PT Bakrie Finance Corporation (BFC), a subsidiary of the Bakrie & Brothers Group, and its creditors have agreed…

#i#leasing


Director of PT Era Giat Prima Cleared of Charges...

Central Bank Governor Sjahril Sabirin is facing a possible four year imprisonment for allegedly being involved in corruption linked to…


Raft of New Bills, Including Factoring Legislation, is Deemed...

Delays in the Council of State's legal interpretations of pending economic bills, including a draft of the Public Enterprise Corporation…

#bank#factoring legislation#management


Canbank Factors’ MD Attributes Good Performance to Portfolio Management

Canbank Factors expects to be on target for turnover and profits this fiscal year despite the slowdown. The projected turnover…


Exim Director Claims War Could Benefit Indian Factoring Industry

A Finance Ministry official has commented that even though the attack on Afghansistan has not done the economy any good,…

#bank#Exim Bank#exporters


GTF Targets Export Factoring Business Worth $200m

Global Trade Finance Private Limited (GTF) is looking at doing export factoring of $200 million and forfaiting business of $20…

#bank#exporters#global trade


Japan Pushes for Radical Approach to End Bad Debt...

Japan's parliament is preparing legislation this week that will empower the Resolution and Collection Corporation (RCC) to purchase a larger…


Head of Confedaration of Industries Calls for an SME...

Robin Lau, head of the Singapore Confederation of Industries (SCI), yesterday urged the government to include in the second off-Budget…

#bank#SME bank#smes


Canbank Factors Record Steady Growth in spite of Economic...

Canbank Factors, India’s largest factor by market share, have released their annual accounts for the year ended 31 March 2001.…

#assignment#assignment of receivables#financial services

Banks Suspend Trading Credit Services with Middle East Partners

The three largest commercial banks in Taiwan have temporarily suspended negotiations for letters of credit for Taiwanese companies doing business…

#bank#Bank of China#banks

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