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Bank Industri and Teknologi Malaysia Bhd and Malaysia External Trade Development Corp (Matrade) have teamed up to spur Malaysia's exports and competitiveness in the global market.
Bank Industri chairman Datuk Othman Mohd Rijal said both parties will identify areas of cooperation, particularly in financing and export promotions. “Among other things, the bank will cooperate with Matrade in the organisation and development of local and overseas trade promotion and facilitation activities. Both parties will also do trade matching between local companies and foreign importers.”
12/05/2003
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The recent third European Factoring Conference was held in Bucharest, the capital of Romania…
Read the full article by going to Global Analysis – Articles
09/05/2003
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The European Central Bank (ECB) held interest rates steady at its monthly policy meeting on today (8 May 2003) despite suggestions the impact on inflation of the euro's recent strength would give it leeway to ease policy.
The bank's key refinancing rate was left at a three-year low of 2.5 per cent for a second month. Bank officials had played down the possibility of a rate cut at Thursday's meeting and shrugged aside the impact of the stronger euro, despite a growing chorus of complaints by eurozone businesses.
08/05/2003
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The Tenon Forum, the independent think tank, published its Quarterly Report today (8 May 2003). This independent research, carried out by NOP in March 2003, explores key issues facing entrepreneurs in the UK today and is the result of interviews with 1,000 senior executives of small- and medium-sized businesses with between five and 499 employees.
08/05/2003
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Richard Long, a leading expert in drug trafficking enforcement, has been named as the new president of the Insolvency Practitioner Association (IPA). He is one of few sole practitioners to be elected to the post and takes over from Colin Haig of Baker Tilly who steps down tomorrow (9th May 2003).
08/05/2003
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BCR has today added the latest analysis of the Chinese factoring market, from the soon to be published World Factoring Yearbook 2003 to its factorscan.com website. The article is located under China’s Industry Environment and Analysis 01/02 pages.
08/05/2003
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Standard & Poor's Ratings Services has commented on the CreditWatch status of the credit insurance group Gerling NCM Credit and Finance AG (collectively Gerling NCM).
The 'A' long-term counterparty credit and insurer financial strength ratings on Gerling NCM remain on CreditWatch with negative implications. These ratings were originally placed on CreditWatch with developing implications on Dec. 20, 2002; the implications were subsequently revised to negative on Feb. 3, 2003.
08/05/2003
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Progresso, the Chilean financial services company, is waiting for the go-ahead from local authorities to open its bank in January 2004. The new bank, Banco Progresso, will focus on leasing and factoring operations.
Banco Monex is also waiting for the licence to launch operations in the country. It will focus on providing financial products to corporate clients and financing to small- and medium-sized companies.
Source: South American Business Information
08/05/2003
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Businesses considering appointing a debt collection agent to manage overdue accounts can now benefit from a new checklist from the Better Payment Practice Group (BPPG), available on its website www.payontime.co.uk.
08/05/2003
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To read the article by Matt Henderson, recovery and reorganisation partner, click on 7 May 2003: Glasgow's failure rate bodes ill for Scotland .
07/05/2003
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The number of insolvent companies in England and Wales fell by 10% in the first quarter of 2003 compared to the same period a year ago, according to figures released today by the DTI and analysed by PricewaterhouseCoopers. The fall in company failures reflects the increasing trend towards a more consensual restructuring of debt, rather than formal insolvency proceedings. In total 4,159 companies entered insolvency in the first three months of 2003, a 13% drop on the previous quarter.
07/05/2003
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Swiss Re, Deutsche Bank, Sal. Oppenheim and Gerling have today (7 May 2003) signed a contract reorganising the ownership of Gerling NCM.
Gerling will reduce its shareholding from 55.90% to 3.04%. It will receive a cash payment of Ђ120 million from Deutsche Bank and of Ђ60 million and the annulment of certain rights from Swiss Re.
07/05/2003
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Gazelle Corporate Finance, a leading, independent, London-based merger and acquisition adviser has scooped up Deutsche Bank's mid-market debt restructuring advisory team headed by Deutsche managing director Peter Collini.
The move into debt advisory business comes as Gazelle, run by former ex-Deutsche Morgan Grenfell corporate financiers Simon Willes and Paul Cahill, takes a step to grow as an independent corporate finance business providing a range of specialist niche advisory services.
06/05/2003
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Rules published this week by the Basel Committee on Banking Supervision in its third and final consultative paper will replace a set of rules from 1988, so-called Basel I.
06/05/2003
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Read the minutes of the IFD meeting held on 13 March 2003 held at the IFD offices, Sydney including:
Welcome to new member
Amendments to the Personal Property Securities Act
Draft changes to the Tax Office FAQ
by visiting the Australia and New Zealand sections.
Source: IFD
02/05/2003
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