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Speakers at the United Nations General Assembly’s Sixth Committee (Legal) unanimously expressed appreciation for the notable breakthroughs of UNCITRAL in many areas. They cited, in particular, the benefits the international community would derive from the Commission's recent adoption of the draft convention on assignment of receivables in international trade and the draft model law on electronic signatures.
10/10/2001
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Robin Lau, head of the Singapore Confederation of Industries (SCI), yesterday urged the government to include in the second off-Budget package expected to be announced on Friday 12 October 2001 the creation of a bank that would specifically cater to the needs of small and medium-sized enterprises.
10/10/2001
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Representatives from 41 countries gather to 'think small first'
Around 400 top government figures from 41 countries across will this week gather for a two day European Small Business Summit at the City Hall in Cardiff, aimed at sharing good ideas on how to boost what is a vital sector of every country's economy.
10/10/2001
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The National Bank of Canada (which is a private bank, rather than the Canada’s central bank) has established a factoring division and is offering factoring from their Montreal head office. The division specialises in export factoring, although it also offers a domestic factoring product to clients.
The new industry players are thought to be targeting medium and large-sized businesses although sources say that they will not limit themselves exclusively to clients of this size.
BCR Publishing
09/10/2001
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Canbank Factors, India’s largest factor by market share, have released their annual accounts for the year ended 31 March 2001. Turnover has increased by 21% from Rs. 732 Crores in the previous year to Rs. 887 Crores in the year ended 31 March 2001. The company introduced an export factoring service in December 2000 and there is optimism that their entry into the realm of international factoring will present “tremendous development opportunities in the future”.
N.B. 1 Crore = 10,000,000 Rupees
09/10/2001
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The three largest commercial banks in Taiwan have temporarily suspended negotiations for letters of credit for Taiwanese companies doing business with nations in the Middle East region due to higher business risks
09/10/2001
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Applications invited for new England-wide Incubator Fund
Budding entrepreneurs looking to take their first steps in the business world are to benefit from a new Ј75m fund launched today by Small Business Service.
The SBS is looking for creative, innovative schemes rather than applying hard and fast rules by which successful applicants will be judged.
The Incubators will provide:
an instructive and supportive environment for entrepreneurs in start-up and early stage businesses;
08/10/2001
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Minister for Small Business Nigel Griffiths has launched a new national TV and print advertising campaign aimed at encouraging owner-managers of the UK's 3.7 million small businesses to contact their local Business Link for advice.
Research shows that the most important lesson successful small business owners can give to those thinking of starting up is to research the market thoroughly and seek professional advice, although, 82% of UK small businesses think they don't need it!
08/10/2001
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Figures released today by the Factors & Discounters Association (FDA)
demonstrate a significant increase in UK businesses using asset-based
finance for export...
The Factors & Discounters Association (FDA) has released its latest figures
showing UK businesses are not only turning to asset based finance for their
UK operations, but are increasingly using it for international export and
expansion.
03/10/2001
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The Royal Bank of Scotland has completed the Ј68 million purchase of Euro Sales Finance. The Bank had already declared the cash offer for the entire issued and to be issued ordinary share capital of Euro Sales Finance unconditional as to acceptances and now the OFT have confirmed that the purchase does not raise any competition issues, the deal has been completed.
03/10/2001
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