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Details of a new scheme for promptly resolving legal disputes between bankers and defaulting debtors were announced yesterday by Thailand’s Finance Minister, Tarrin Nimmanahaeminda. There is a backlog of court cases relating to bad debts totalling an estimated figure of...
Since the economic crash of three years ago, Thailand’s banks have been enmeshed in a web of bad debts generated…
Although the rate of economic growth in Malaysia is one of the fastest in the south east Asian region and…
#investment
In July Japanese corporate bankruptcies rose 21% year on year to 1,617. Total debts owed by bankrupt firms tripled to…
On Friday, the governor of the Bank of Japan, Masaru Hayami, persuaded the bank’s policy board to raise rates from…
#bank#economy#interest rates
Hiromu Nonaka, the Secretary General of Japan’s ruling Liberal Democratic Party has made an announcement regarding future changes in the…
The Indian Prime Minister, Atal Behari Vajpayee, has told his party that “all of us should realise that globalisation is…
#international#international factoring#investments
Country Volume (in US$) Percentage of Total Export Factoring Volume Canada 599,324 24.24 Poland 426,312 17.24 USA 345,688 13.98 UK 262,742 10.63 Germany 183,275 7.41 France 139,284 5.63 Netherland 126,076 5.10 South Africa 98,310 3.98 Australia 97,452 3.94 Chile 76,694 3.10 Japan 58,800 2.38 Italy 31,485 1.27 Belgium 25,919 1.05 Austria 938 0.04 Total 2,472,299 100
#poland
A report on 3 August 2000 has revealed that there has been a 2.2% increase in consumer price inflation for…
#inflation
There has been a sharp increase in the money market rates in Sri Lanka during the last month and a…
The government has succeeded in reducing interest rates to between 25-35%, which means that factors are having to operate under…
After the regional financial crisis of 1997 the Malaysian market is finally beginning to turn around. With a recorded growth…
#bank#banks#funding
According to Jeff Liu, Senior Vice President of the Chailease Finance Corporation, several banks are currently urging the Ministry of…