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Hong Kong chief executive accepts recommendations on SME funding

Tung Chee Hwa, chief executive of the Hong Kong Special Administrative Region (SAR), has announced his decision to accept all the recommendations of the Small and Medium Enterprises Committee (SMEC) on means to further enhance the effectiveness of the current...

Canbank Factors: Factor of safety

Bearing in mind the current decline in the interest rate levels, the fixed deposit programme of Canbank Factors, a subsidiary…


Factoring and invoice discounting grow significantly as bank overdrafts...

Third quarter figures released today by the FDA shows invoice discounting growing in popularity in comparison to traditional overdraft lending…

#bank#invoice#management


Fortis Bank and EBRD in SME initiative

Fortis Bank, in co-operation with the European Bank for Reconstruction and Development (EBRD), will launch a programme aimed at helping…


Bancolombia on track to fulfil lending target to SMEs

Colombian bank Bancolombia (NYSE: CIB) loaned more than 15.3bn pesos (US$5.4mn) to some 5,000 small- and medium-sized enterprises (SMEs) in…


GETPAID Corp. appoint VP marketing

The GETPAID(R) Corporation, the leading provider of receivable management software and services, today announced the promotion of Barry Tudor to…

#management#receivables#training


Government loan support for SMEs

The Small Business Guarantee and Finance Corp. (SB Corp.), the lending arm of the Department of Trade and Industry for…

#bank#exporters#guarantees


A view of asset-based lending as only Leonard Machlis...

One of the events of this year that we should remember is the retirement of Leonard Machlis after 38 years…


Major factor to offer credit protection services on the...

GE Commercial Services to provide a credit protection facility for trade transactions GE Commercial Services, a unit of GE Commercial…

#commercial finance#international#International Trade


New Chairman of the board at Gras Savoye Langlois...

Christian Rocheteau has been appointed chairman of the board of directors of Gras Savoye Langlois SA, the factoring and credit-insurance…


UK entrepreneurs faring well in global economic downturn

UK entrepreneurs are faring well in the face of global recession, according to a new survey co-funded by the DTI…

#management#recession#small businesses


Coface joins forces with Uruguayan bank

Urguayan bank Banco Acac has joined forces with French insurer Coface to provide export financing with credit insurance, local daily…

Slide in exports triggers record trade deficit

The Federal Reserve decided to keep short-term interest rates unchanged yesterday, in something of an anticlimax to recent dramatic developments…

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