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Tax authority uses tax cuts as incentives for SMEs

Small and medium-sized enterprises (SMEs) will receive more tax deductions if they attract foreign capital or advanced technology. The National Tax Service (NTS) decided yesterday to reduce the tax burden on domestic firms that launch joint ventures with foreign companies....

SMEs find it difficult to raise finance

Many small- and medium-sized enterprises ( SMEs) in Vietnam are currently faced with difficulties in attracting capital, according to a…


IFC grants Banorte US$100 million for SMEs

The International Finance Corporation (IFC) of the World Bank has granted a US$100-million credit line to Grupo Financiero Banorte to…


UK receivables finance subsidiary hit by fraud investigation into...

The first repercussions resulting from this fraud investigation are beginning to emerge. Nick Grainger, managing director of Finance Credit Limited,…


SMEs’ business sentiment hits three-month low

As the winter commercial season nears, business sentiment among small- and medium-sized enterprises (SMEs) continues to drop, as it has…

#exports#management#small business


Macao to support development of SMEs

China's Macao Special Administrative Region (SAR) plans to take a series of measures to support the development of small and…

#banks#economy#smes


BankThai targets 1300 Japanese SMEs operating in Thailand to...

BankThai plans to aggressively expand services to Japanese companies and clients operating in Thailand in 2003, according to Duangphorn Sucharittanuwat,…

#bank#Boost#economy


SME manufacturers bullish on 2003 economy; their financing requirements...

The majority of SME manufacturers’ chief financial officers (CFOs) anticipate revenue growth for their companies according to a recent survey.…

#economy#interest rate#management


Development bank to grow lending for SMEs in 2003;...

Chilean development bank Banco del Desarrollo aims to grow lending 8-10% next year, compared to this year's forecast 3.6% growth,…

#bank#commercial lending#Credit Agricole


Businesses sceptical about Chancellor’s optimism on future growth

Businesses do not share the chancellor's optimism in a swift revival of growth next year, according to several confidence surveys…

#financial services#interest rate#international


Factor gets clearance to buy back its stock

Accord Financial Corp. (TSX - ACD), a leading North American provider of asset-based financial services to businesses, including lending, factoring,…


GE Commercial Finance completes acquisition of structured finance business

GE Commercial Finance announced it has completed its acquisition of the structured finance business of ABB. ABB and GE Commercial…

#acquisition#commercial finance#financial services

Bibby is voted ‘Best Factor and Invoice Discounter of...

Leading business finance firm, Bibby Financial Services has been awarded the “Best Factor and Invoice Discounter of the Year” award…

#awards#business finance#commercial finance

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