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  • Global mobile phone connections hit 2.5bn

    According to the latest figures, over the four quarters to the end of September 2006, a total of 484m net additions were added to the worldwide total with 41 per cent of new connections coming from Asia Pacific. Eastern Europe and Latin America together accounted for 30 per cent of the growth, while Africa was responsible for 10 per cent of new connections. ?The cellular industry took 20 years to reach one billion connections, three years to reach two billion connections and is on target t...

    Source
    The Register (link opens in a new window)
  • Rural, thrift banks get guide to SMEs, ?good borrowers?

    IN ITS effort to help provide small and medium enterprises (SMEs), a foreign-funded project has developed a set of directories of SMEs in the Visayas that rural and thrift banks can approach for financial assistance. N ITS effort to help provide small and medium enterprises (SMEs), a foreign-funded project has developed a set of directories of SMEs in the Visayas that rural and thrift banks can approach for financial assistance. The Small and Medium Enterprise Development for Sustaina...

    Source
    Sun.Star (link opens in a new window)
  • Nokia Sells Handset In India At Lowest Global Price

    Finland’s Nokia has started selling a CDMA mobile handset model in India at less than INR2,000 ($43), its lowest ever price point globally for the handset. Reliance Communications, India’s second-largest mobile phone operator by subscribers, will partner Nokia to market the 1255 handset model in India. NEW DELHI -(Dow Jones)- Finland’s Nokia has started selling a CDMA mobile handset model in India at less than INR2,000 ($43), its lowest ever price point globally for the...

    Source
    Cellular News (link opens in a new window)
  • Foreign Aid Fails Poor Countries — Economic Freedom is Key

    Once greater economic freedom is taken into account, poor nations, far from being caught in a poverty trap, grow faster than rich nations. What the research in this edition of Economic Freedom of the World suggests is that economic freedom, rather than foreign aid, does have a powerful positive impact and is a better approach, says co-author of the report, James Gwartney, professor of economics at Florida State University. Economic freedom is unambiguousl...

    Source
    Cato Institute (link opens in a new window)
  • ?The most preferred exit option for SMEs would be through an IPO?

    What is the investment philosophy you follow while investing in SMEs? Our investment objective is to identify high-growth sectors with global competencies, select rapidly growing companies within these sectors having sound management and proven, sustainable and scalable business models. We take up significant minority stakes in these companies so as to have a board seat representation to participate proactively in the value building process of these companies over a period of 3 to 5 y...

    Source
    Financial Express (link opens in a new window)
  • Rural life insurance rules to be tightened

    Comparatively high premiums, inflexible payment terms and incomprehensible policy clauses are the major problems, said Zhou Fuping, a researcher at the CIRC, adding most insurers made little or even no changes to policies in rural areas. To give farmers more choices, insurers are encouraged to offer more affordable policies and easy to understand clauses when entering the rural market, said Gong. We will soon embark on a pilot programme that differentiate...

    Source
    China Daily (link opens in a new window)
  • Bra Straps Bootstrap Fair-Trade Business

    The operation began last summer, when Styles asked her sister-in-law in Cali, Colombia, to help fix a fashion flub - bra straps that show under tank tops and other shoulder-baring shirts. A master of beadwork, the woman took a half-hour to make two, adjustable beaded straps that could be attached to a strapless bra with built-in tabs. The straps are meant to be shown. Styles had been haunted by Colombia’s poverty for years. In Cali, a city of 1.6 milli...

    Source
    KiplingerForecasts.com (link opens in a new window)
  • Unitus Equity Fund L.P. Invests $1,000,000 in Credex

    We’re delighted to be the Unitus Equity Fund’s first investment in Mexico, said Credex Founder and CEO Eduardo Gallardo. Since we started in 2002 Credex has achieved tremendous growth. With the Fund’s investment, we’re in a position to finalize the implementation of our new microfinance methodology and provide financial services to even more of Mexico’s working poor and underserved population. That we can attract international financing such as the Unitus Eq...

    Source
    HispanicBusiness.com (link opens in a new window)
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