The cabinet has decided to allow banks to provide additional project financing of 450 bn twd to old-economy companies, the Commercial Times reported.
Standard & Poor's Ratings services said today that it had affirmed its 'BBB-' long-term counterparty credit rating and 'A-3' short-term credit rating on Bank SinoPac of Taiwan, one of the top three banks in Taiwan involved in factoring.
Improving investment and trade relations between Taiwan and mainland China are increasing demand for factoring services by domestic exporters to the mainland, according to new research.
Taiwan’s small and medium-sized enterprises (SMEs) have experienced a continuous annual decline in both export value and export ratio in recent years, according to a report from the Ministry of Economic Affairs.
Premier Yu Shyi-kun said that he will do his utmost to help small- and medium-sized enterprises (SMEs) to upgrade their production and management in order to survive ever-increasing competition in the global market.
Taiwan's economy is bouncing back, HSBC's Economics and Investment Strategy Unit said in its latest report.