Vietnam 

Mortgage requirements stand between small companies and bank loans – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Small enterprises complain at a conference in HCM City on Thursday that it is difficult for them to get bank loans because of stiff mortgage conditions. VNA/VNS Photo HCM CITY –Small- and medium-sized enterprises are unable to borrow from banks because they do not have property to mortgage, Trần Việt Anh, deputy chairman of the HCM City Business Association, has said. He was speaking at a conference held to bring together enterprises and banks in HCM City on Thursday, where many small enterprises in the city complained about…

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China’s small business lending push could equal US$418 billion in new loans, S&P Global says

Beijing’s efforts to boost the availability of capital to the country’s smallest businesses could generate as much as 2.8 trillion yuan (US$418 billion) in new loans if the nation’s banks meet the government’s target to increase business lending this year, according to S&P Global.In March, Chinese Premier Li Keqiang called for the country’s biggest state-owned commercial banks to increase their loans to micro and small enterprises (MSE) by more than 30 per cent this year as China’s economic… Source link

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Singapore 

Cheapest condos in Singapore – 13 small apartments under $560,000, Singapore News

“Cheap” and “condo” are two words you hardly ever see together in Singapore, where condominiums are notoriously overhyped and overpriced, especially once you throw some famous architect into the mix. Turns out, though, that condo units don’t always cost at least $1 million… But only if you’re willing to go for a tiny home; think studios or one-bedroom apartments. If you don’t mind the lack of space, these can cost “only” around $500,000. Here are the 13 cheapest condo units I found on sale on 99.co. 13 CHEAPEST CONDOS IN…

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Singapore 

This 1+1 apartment shows how to live large in a small space, Singapore News

Having a huge home has its benefits: You won’t have to struggle with fitting all your belongings into tiny nooks or worry about making design sacrifices to save space. But that’s not to say all of that is unachievable in a small home either. “If there’s something that this experience taught me, it’s that living comfortably with style in a tiny home isn’t impossible,” says Kim, who recently made over her 1+1 apartment at Floraview, which now has enough room for a kitchen, two cosy corners, and even a walk-in…

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Chinese Olympic team kit sponsor Anta sued by small Hong Kong rival for allegedly copying design of its schoolbags

Mainland China’s biggest sportswear company, Anta Sports Products, is being sued for allegedly copying the designs of schoolbags made by a small firm in Hong Kong, according to court papers seen by the Post.Anta, which provided clothing for the Chinese Olympic team in 2016, is facing lawsuits in three different lawsuits in Shanghai, Guangzhou and Shenzhen brought by Grown Up Licenses (Asia), which sells bags under the MoonRock brand. Grown Up is seeking damages totalling 9 million yuan (US$1.34… Source link

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Hong Kong small businesses’ confidence in growth at five-year low, poll finds

Confidence in growth among small businesses in Hong Kong for 2019 is at a five-year low, according to a survey conducted by professional accounting body CPA Australia.The annual poll, conducted between November 16 and December 11 last year, covered 3,607 businesses with less than 20 employees in Hong Kong, China, Taiwan, Malaysia, Vietnam, Indonesia, Philippines, Singapore, Australia and New Zealand.Increasing uncertainty arising from the US-China trade war has rattled small businesses in the… Source link

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Hong Kong developers Henderson Land, K Wah International report small increases in profit, are optimistic about 2019

Hong Kong property developer Henderson Land Development, chaired by tycoon Lee Shau-kee, said on Wednesday profit attributable to its owners inched up by 1 per cent last year, while that of K Wah International, chaired by billionaire Lui Che-woo, rose by 3.6 per cent, in a reflection of Hong Kong’s cooling housing market.Profit attributable to equity shareholders for the year to December 31, 2018 stood at HK$31.16 billion (US$3.96 billion), an increase of 1 per cent, Henderson Land, one of the… Source link

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China’s ‘unprecedented and sufficient’ tax cut still does not do enough for small manufacturers, owners say

After much consideration, Guangdong garment factory owner Steve Liu reluctantly decided to turn down an order from an overseas client for two million pairs of trousers even after China’s decision to cut taxes to help businesses, highlighting the “cruel world” of small and medium-sized manufacturing.The order of cropped pants would have, in the end, resulted in a loss for Liu as the offer of US$4 (26.86 yuan) per pair was below the 29.3 yuan production cost before tax.“Those boasting that these… Source link

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Beijing orders banks to relax bad debt ratio for loans made to small companies

China’s top banking regulator has ordered commercial banks to relax their tolerance over non-performing loans (NPLs) owed by small companies, reflecting the latest move by Beijing to support private companies amid the deepening economic slow down.Commercial banks can loosen the NPL ratio tolerance for “inclusive small companies” by 3 percentage points, according to a guideline published by the China Banking and Insurance Regulatory Commission (CBIRC) on its official website on Wednesday.The… Source link

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Beijing demands 30 per cent increase in banks’ lending to small companies in bid to boost flagging economy

The Chinese government has set a mandatory target for the country’s commercial banks to increase lending to small companies by 30 per cent, as Beijing pushes to bolster opportunities for private firms to stimulate an economy that is slowing amid a trade war with the United States.Beijing will “make solid efforts” to solve the funding difficulties facing many companies, Chinese Premier Li Keqiang said on Tuesday during his 2019 government work report. State-owned large banks must boost their… Source link

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