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Government to spend US$80m to aid SMEs

The Korean government yesterday unveiled a set of measures aimed at bolstering the competitiveness of small- and midsize enterprises (SMEs) that have been hit hard by weak domestic demand. During a cabinet meeting presided by President Roh Moo-hyun, participants agreed...

#economic recovery#guarantee#liquidity

Commercial finance portal appoints relationship manager

Xbridge, the commercial finance portal, has appointed an e-commerce manager to oversee relationships between mid-market clients, factors, asset finance providers…

#banks#channel#commercial finance


Chasing unpaid invoices – advice on hand from payments...

The Better Payment Practice Group (BPPG) has provided new guidance for businesses struggling to get paid by customers who seem…


Bolero automates Letter of Credit service

Financial supply chain platform Bolero has extended its Web-based trade finance suite to incorporate Letter of Credit Advices. The service…

#bank#Bolero#digital


Interest rate hike will wreck SME growth, finds UK...

Small businesses fear that further hikes in interest rates will prove disastrous for their firms, according to UK factoring and…


Largest independent factor targets low-cost import factoring

Canbank Factors, India’s largest independent factor by market share, is planning to offer import factoring in the country, as a…

#bank#global trade#L/C


Slovak exporters to sell receivables to Italian factor

UniBanka will start taking over the receivables of Slovak exporters to Italian customers. The bank will purchase receivables maturing within…


China’s EXIC steps in with US$29m credit insurance for...

China’s Export-Credit Insurance Corporation (EXIC) will provide US$29m in credit insurance, which will cover the financing of a soda plant…

#3M#insurance#investment


Taiwan financial giant to explore factoring business in China

Taishin, the Taiwanese financial services group, has said it will seek potential opportunities with foreign banks to develop a factoring…

#banks#commercial finance#economy


GE offers US$17m in distribution finance for US corporate

GE Commercial Distribution Finance (GECDF), the supplier finance unit of GE Capital, has agreed to expand the distribution finance facility…


FDA diploma second registration period for 2004 approaches

Developed in association with the Institute of Financial Services (ifs), the FDA Diploma is comprised of two Distance Learning Modules…


Bank of Maharashtra eyes factoring business

The Bank of Maharashtra is set to enter the factoring and forfeiting segment, which is a new concept in India,…

#bank#insurance#international

Atradius in the black for 2003

Credit insurance and management group Atradius has reported a Ђ17.5m (US$21m) profit after tax for 2003, a clear turnaround after…

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