Finance Blog - Everything one needs to know

When Ewa Rachwal visits one of her 150 customers at home, she is greeted more like a long-lost friend than someone who comes to collect a weekly interest payment for a loan.
Ms. Rachwal is one of more than 28,000 self-employed agents for a British company, International Personal Finance, that serves as a lender to people […]

When Ewa Rachwal visits one of her 150 customers at home, she is greeted more like a long-lost friend than someone who comes to collect a weekly interest payment for a loan.
Rachwal is one of more than 28,000 self-employed agents for a British company, International Personal Finance, that serves as a lender to people of […]

Shanghai yesterday received approval from the nation’s top foreign-exchange regulator to allow individuals and non-financial firms to conduct two-way forex transactions on a trial basis.
At the same time, the State Administration of Foreign Exchange also granted the same right to Beijing.
Shanghai, on the cusp of being an international financial hub, will allow non-banking institutions to […]

Credible sources say that the American government has spent one trillion dollars, in different forms of finance offered to banking institutions that were about to or collapsed due to the subprime crisis, over the last months. The amount is incredible and seems to fall slightly short from the total cost of bad assets write offs, […]

Given favourable regulatory conditions, India holds a promising growth opportunity for Islamic finance institutions, whose asset base globally is expected to more than triple to $1 trillion by 2016, a study says.
Islamic banking is already fast gaining prominence among the global financial institutions, especially in the backdrop of the banking sector woes impacting the markets […]

The Agricultural Bank of China (ABC) has received approval from industry regulators to set up township banking units in the northern Inner Mongolia autonomous region and the central Hubei province.
Zhang Yun, the bank’s vice president, said here on Wednesday the new units would start operation soon. In addition, the lender also […]

Malaysia’s inflation in June probably exceeded 6%, higher than earlier estimated, said Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.
“Domestic inflation is expected to remain elevated for the rest of this year and early next year, but should moderate by second half 2009,” she told reporters after her keynote address at the Banking Industry […]

Bank Negara Malaysia Wednesday urged banks to proactively seek out and extend advisory services to small and medium enterprise (SME) customers that may be facing difficulties before their condition worsens.
Its governor Tan Sri Dr Zeti Akhtar Aziz said adequate advice on financial management could pre-empt and avoid problems with respect to the financing facility.
“Over the […]

This is the 4th article in a series of articles on payment systems in Namibia. The present article provides you with other stakeholders in the National Payment System. Happy reading.
THERE are other stakeholders involved in the National Payment System (NPS) in Namibia, worth mentioning. It is important to mention that these participants are not involved […]

Finance Minister, Essimi Menye, has called on banking institutions to alleviate poverty in the rural areas.
He made the call during a seminar on the theme ‘Technology Forum-Access to Finance’ which held in Yaounde on June 2.
Speaking at the seminar, the Minister told micro-finance institutions to take the challenge of ensuring that the underprivileged have access […]