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Prime Minister backs SME initiative and praises entrepreneurs

The Prime Minister, Shaikh Khalifa bin Salman Al Khalifa, yesterday praised the initiative and pioneering spirit of entrepreneurs who are working out of the Bahrain Business Incubator Centre (BBIC) and said Bahrain valued the contribution of small and medium enterprise...

#bank#economy#leadership

Asian Development Bank proposes privatisation of SME Bank

The Asian Development Bank (ADB) proposes assistance for restructuring and ultimate privatisation of SME Bank for it to play an…

#ADB#bank#business finance


Development Bank of the Philippines opens P5 billion factoring...

The state-owned Development Bank of the Philippines (DBP) has set aside an initial P5 billion for its factoring facility as…

#bank#funding#receivables


Small Enterprise Development Corporation disburses $949m loans under SME...

The Small Enterprise Development Corporation (Sedco) has, since 2002, distributed loans amounting to $949 million to over 1,557 borrowers under…

#GDP#smes#unemployment


Grim figures from Irish Small and Medium Enterprises organisation...

The latest business confidence survey from the Irish Small and Medium Enterprises organisation, ISME, was published this morning. The results…

#economy#exports#small business


Bankruptcies fall but danger ahead

Bankruptcies in Japan fell about 5 per cent in the last business year, according to independent research firm Teikoku Databank,…

#bankruptcy#banks#economic recovery


Briar Capital opens for inventory and accounts receivables financing

Two familiar faces in the Houston financial services industry have formed Briar Capital LP., which focuses on small- and medium-sized…

#bank#financial services#receivables financing


ICICI Bank and five partners invest Rs 800 crore...

ICICI Bank, with five other financial intermediaries, has set up a Rs 800 crore India Advantage Fund for the equity…

#bank#guarantees#management


New 3-way trade management and finance venture to open...

Dynamic I-T, Inc. today announced the creation of an innovative trade management and finance venture to open up US markets…

#guarantees#international#management


Ecostat report on latest business confidence survey

With continued global economic uncertainty, large Hungarian firms' optimism concerning the coming six-month period was scaled back in March, while…

#economy#exports#inflation


Tax rise 'to force a third of small companies...

National insurance rises due to take effect this week will force a third of smaller companies to cut jobs, according…

#conference#insurance#Jobs


Gulf Bank expects to regain profitability in 2003 as...

Miami based Gulf Bank has been under a cease and desist order from the Federal Reserve and the Florida Department…

#bank#interest rates#international

Ten thousand SMEs fail annually due to late payment...

Small firms are still being caught out because they offer longer credit periods to customers than they receive from their…

#interest#late payment#management

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