The government is considering extending the 12-month capital moratorium on non-performing loans (NPLs) of small and medium-scale (SME) businesses to interest payments, acknowledging the difficulties in meeting interest payments by some default SME debtors. The government and the CB were earlier planning to restructure these loans, including the unpaid interest, and to charge interest for the 12-month moratorium period. SMEs, which have ...

China’s Tibet Autonomous Region will set up an economic development area in Shigatse, aiming to create an important platform for the Belt and Road Initiative and cooperation between China and South Asia. The economic development area will be located in the southern part of the city of Shigatse, about 50 kms away from Shigatse Airport. Covering over 34 square kilometers, a total ...

Egypt has signed a US$ 1.1bn deal with the International Islamic Trade Finance Corporation (ITFC) to finance petroleum products and other commodity imports in 2020. The funds are part of a US$3bn agreement between the country’s Ministry of Investment and International Cooperation and the ITFC, signed in January 2018. The local market access to petroleum products is one of the ...

Fourteen years ago, the author of a series of popular personal-finance books predicted that 2016 would bring about the worst market crash in history, damaging the financial dreams of millions of baby boomers just as they started to depend on that money to fund retirement. Broader U.S. stock markets are recovering from the worst 10-day start to a year on ...

The rating agency ICRA plans to extend its rating and research services to small and medium scale enterprises (SMEs). ICRA is of the view that it has enough capabilities and expertise to service the SME sector. ICRA has been traditionally rating large corporate on their credit risk portfolio. ICRA which has some marginal exposure to the SME rating business also ...

The Inter-American Development Bank has approved $100 million facility to support small and medium-sized enterprises (SMEs) in Latin America and the Caribbean. Recently, in a press release, IDB called its SME Financing Facility as the first of its kind, which will provide targeted resources to banks in IDB borrowing member countries to on-lend to SMEs or to guarantee their SME ...

Recently, an article “Corrupt babus make life miserable for SMEs” has rocked all over the globe. The article is a short study on corruption in government circles which is affecting SMEs business in various countries. India’s largest B2B portal tradeindia.com has conducted a survey amongst SMEs on the subject to find out whether rampant corruption in government circles has affected ...

Many small and medium sized businesses don’t always understand the full range of financing options that are available to them, and certainly don’t want to waste precious time shopping around or applying for finance that isn’t right for their needs. For them Experia, the global information services company has recently come up with a free online service for SMEs designed ...

Bacs research shows British businesses are not taking advantage of late payment legislation A staggering 83 per cent of small-to-medium sized enterprises (SMEs) in Britain are not exercising their right to charge interest on late payments owed to them by other organisations – despite the fact that legislation to this effect was introduced almost a decade ago. This figure, revealed ...

With the countries in the African region constituting important trade partners in India’s global trade configuration, as also holding the potential to further enhance economic relations, Export-Import Bank of India (Exim Bank of India) has put in place a comprehensive range of financing, advisory and support service to catalyse two-way flow of trade, investment and technology between India and the ...