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BIIA News

TRADE FINANCE IN CRISIS – CREDIT REMAINS TIGHT

While the causes of the global credit crisis have been pinpointed and stimulus actions taken by countries all over the world, credit, lending and especially trade finance have remained tight. Banks and insurers are still leery of financing business transactions, both domestically and internationally, and those that have the taste for it often require onerous fees to stem their potential ... Read More »

MARKET INTELLIGENCE DEEMED AN IMPORTANT TOOL FOR 2010-2011

61% of North American companies intend to increase investments in market intelligence in 2010-2011 according to the 2009 Global Market Intelligence Study by Global Intelligence Alliance. Many North American companies have spent the last two years focused on tighter cost management and improving their competitive advantage.  The recession has been a huge wake-up call on the important role of Market ... Read More »

BIIA ISSUES WHITE PAPER ON COMMERCIAL CREDIT REPORTING STANDARDS

The White Paper accentuates the differences between commercial credit reporting and consumer credit reporting and why these services deserve different legal frameworks. Commercial credit reporting standards have been developed over decades in response to technological developments and market requirements to assess commercial trade credit, bank loans and trade finance. Continuous improvements in information quality as well as the development of ... Read More »

IMPORTANCE OF CREDIT MANAGEMENT IS INCREASING AS CREDIT CRUNCH PUTS THE EMPHASIS ON LIQUIDITY RATHER THAN GROWTH

The credit crunch brought about fundamental changes in how companies manage their businesses.   The emphasis today is on liquidity aspects of managing the business and less on top line growth writes Jan Schneider-Maessen, from the German Credit Management Association (VfCM).  More and more companies are undertaking a value judgment by comparing the potential the risk of non-payment (client insolvency) versus ... Read More »

RECENT INDUSTRY GROWTH COMPARISONS

Major industry players are still reporting declining revenues for the quarter ending June 30th 2009.  There are some notable exceptions:  Alibaba and Bisnode, which still report double digit growth.  Most information companies report distressed markets, credit conditions have not improved and customers are reducing their information consumption.  Major players expect little improvement for the remainder of 2009.  Source:  Company Reports ... Read More »

US GDP: IT WILL TAKE TIME TO DIG OUT OF THE (GDP) HOLE

What information companies in Asia should tell their cross border clients with an interest in exporting to the USA: The shape of things to come.  This recession is the worst since World War II.  The advance estimate of US GDP for the second quarter of 2009 fell at an annual rate of 1% from the first quarter.  The first quarter’s ... Read More »

The Importance of Industry Analysis With Financial Analysis

Why Use Industry Analysis When Using Financial Analysis? Financial ratios are one excellent way to analyze your financial position. However, they mean nothing in isolation, as the performance of a company is a function of the performance of the industry. Anyone who has subscribed to Standard & Poor’s Credit Ratings prior to the GFC can attest to this. To bring ... Read More »

BIIA IN ACTION: NEWS FROM THE ACCIS ANNUAL MEETING

BIIA Management attended the recent annual meeting of ACCIS (Association of Consumer Credit Information Services) in Budapest.   BIIA thanks the executive committee of ACCIS, for their kind invitation and congratulates Neil Munroe (Equifax) for being elected President of ACCIS.  In his opening speech Neil Munroe stressed several important issues facing the industry.  Lending and consumer spending are still subdued and ... Read More »

IMD ANNOUNCES COMPETIVENESS RANKINGS FOR 2009

Of the 57 economies ranked by IMD, the US still ranks No. 1 in 2009. Hong Kong has switched places with Singapore to gain the 2nd place and is swiftly “closing the gap”. In a free-fall economy, competitiveness is also about how countries can resist adversity and show resilience to weather the storm.  What is their ability to withstand “one-off ... Read More »

ASIA-PACIFIC ADVERTISING TO FALL 1.1%

The latest research from Media Partners Asia (MPA), publisher of Asia Media Journal, shows advertising in Asia-Pacific falling by 1.1% in net terms in 2009, representing the first decline the region will have experienced since the 1998 financial crisis. MPA anticipates recovery in 2010, projecting 5.3% growth next year.  “The gap between perception and reality is closing fast, with ad demand deteriorating in ... Read More »

Jack Welch: THE DUMBEST IDEA OF THE WORLD

“The dumbest idea of the world”: The most noteworthy Mea Culpa of this month came from Jack Welch, the former Chairman of General Electric.  He stated in an interview to the Financial Times that the concept of shareholder value and focusing on consistent quarter results were “the dumbest idea of the world”.  “Shareholder value is a result not a strategy”.   ... Read More »

AUDIT HINTS AT GRAFT AND FUDGING ACCOUNTS

About 500 of the more than 34,000 officials whose accounts were audited last year were suspected to be corrupt and referred to prosecution agencies for further investigation.  Auditor-General Liu Jiayi said yesterday that the numbers were roughly the same as in the last two years. About 80,000 auditors audited the accounts of more than 120,000 projects and units across the ... Read More »