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INTRODUCTION
Change and credit insurance seem to have become inextricably linked. To some extent, of course, change has always been part of this industry but the pattern, depth and speed of change over the last 2 or 3 years has been unprecedented.
30/01/2003
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30/01/2003
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Bolton and Manchester are the UK's biggest business graveyards with more than twice the national average of companies going bust, new figures from the Association of Business Recovery Professionals (R3) show.
Worst hit is Bolton, where one in 25 businesses shut their doors during 2001. That compares with the UK average of just one in 50. Manchester was not far behind with one in every 28 firms going under.
30/01/2003
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Honduran insurance company Seguros Capital’s government appointed director, Marco Antonio Aviles, said they will start selling its credit insurance, life and property portfolios, valued at 80mn lempiras (US$4.7mn), during the second week of February.
To date five groups have asked the country's banking regulator for permission to buy the portfolios, Aviles said. “By law the buyer must be a local company.”
30/01/2003
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Kaulkin Ginsberg, the leading source of advice, information and expertise for the accounts receivable/customer relationship management industry, announced today the formation of a new division, Kaulkin Partners, which will distribute new products and services to the accounts receivable management (ARM) market.
30/01/2003
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A new drive to champion entrepreneurs and inspire youngsters to consider a career in business was launched today by Small Business Minister Nigel Griffiths.
Mr Griffiths launched the new Shell livewire on-line mentoring scheme, which will provide prospective young entrepreneurs with round-the-clock expert advice from peers who are award-winning business owners.
29/01/2003
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Vietnam's trade representative in Thailand urged small- and medium-size enterprises (SMEs) to look into the Thai market for new sales opportunities arising from local consumers and the country's flock of tourists.
Thailand represents a potentially profitable export market for SMEs selling porcelain, pottery or lacquerware. “Other Vietnamese crafts are also well placed for price competition with Thai goods”, Commercial Counsellor Cao Nang Gian said, “but retailers first need to gain an understanding of the market.”
29/01/2003
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Microsoft, through its branch MS Capital and other credit institutions, will offer financing to small- and medium-sized enterprises (SMEs) and individuals to acquire computer equipment, reported Felipe Sбnchez, general director of Microsoft Mexico.
29/01/2003
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Accord Financial Corp. (TSX - ACD), a leading North American provider of asset-based financial services to businesses, including lending, factoring, credit investigation and guarantees, today announced that its Board of Directors has declared a quarterly dividend of $0.035 per share, payable March 3, 2003, to shareholders of record at the close of business on February 17, 2003.
Source: Canada Newswire
29/01/2003
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Buoyed by the opportunity for higher credit deployment in the small and medium enterprise-dominated textile sector, the National Small Industries Corporation (NSIC) may try out a higher funding under the Indo-Italian line of credit focussing the textile SME-exporters, especially the potential export clusters such as Tirupur or Karur.
29/01/2003
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Leading business and financial adviser Grant Thornton today announced the appointment to partner of Samantha Keen in its Recovery and Reorganisation practice.
Samantha, who is based in Grant Thornton's Solent Office, joined Grant Thornton in 2000 as a senior manager after having qualified as an insolvency practitioner with a 'Big 4' firm and following a secondment to NatWest, south-east region, which lasted 14 months. There she concentrated on pre-lending reviews into complex and marginal new business propositions.
28/01/2003
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Malaysian Industrial Development Finance Bhd (MIDF) plans to launch a new financing facility using sharia-based principles by the second quarter of this year.
Its group chief executive Mohd Sallehuddin Othman said MIDF will allocate RM50 million for the new service under its development financing operations.
"We believe that there will be good demand for Islamic-based financing, especially among the small and medium industries, which are the core market segment for our development financing activities," Mohd Sallehuddin said yesterday.
28/01/2003
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Adrian Taylor joins Abbey National Business to head its Cash Flow Finance at a time when the bank is attempting to boost its position in the factoring and invoice discounting market and targeting small businesses.
Taylor, who will lead a team of 70, will be responsible for increasing customers and revenue. "The number of small businesses using invoice discounting for funding has grown by 26 per cent over the past year," says Gary Hockey-Morley, director of Abbey National Business.
28/01/2003
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The Small and Medium Business Development Foundation (Philsmed) is seeking funding from the United States Agency for International Development (USAid) to implement a matchmaking program with the US Chamber of Commerce.
The program is expected to help establish long-term business relationships between Filipino and American businessmen.
Philsmed president Mina Gabor said the USAid funding was crucial in implementing the matchmaking program in the Philippines that would require close to P50 million in annual funding for the next three years.
28/01/2003
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The Institute of Export and GERLING NCM, one of the world's leading credit insurance and receivables management companies, today announced a partnership to deliver a worldwide debt recovery service for Institute members. The package offers members competitive rates for debts placed and recovered in worldwide export markets.
28/01/2003
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