MSME

BRI Signals Strength: Launches Buyback Amidst Stock Price Corrections

Retrieved on: 
Monday, May 6, 2024

Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) announced the commencement of a share buyback process for BBRI shares.

Key Points: 
  • Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) announced the commencement of a share buyback process for BBRI shares.
  • This strategic move comes in response to significant adjustments in BBRI's share price following the release of the Q1 2024 Financial Report.
  • BRI's President Director, Sunarso, emphasized that the buyback is intended to signal the company's stronger position compared to market perceptions.
  • In terms of BRI's performance, amidst the dynamic global economic and geopolitical challenges, BRI has managed to achieve positive profit growth.

DHGATE Group's Entrepreneur Empowerment Initiatives Commended by World Internet Conference in Cross-Border E-Commerce Report

Retrieved on: 
Thursday, May 2, 2024

BEIJING, May 2, 2024 /PRNewswire/ -- DHGATE Group, the global leading B2B cross-border e-commerce marketplace, was showcased by the World Internet Conference (WIC) as an important case study in the organization's newly released "World Internet Conference - Collection of Cross-Border E-Commerce Practice Cases" report.

Key Points: 
  • The World Internet Conference's newly released 2024 report highlights how DHGATE Group empowers Micro, Small & Medium Enterprises (MSMEs) and female e-commerce entrepreneurs through training initiatives and digital upskilling.
  • BEIJING, May 2, 2024 /PRNewswire/ -- DHGATE Group , the global leading B2B cross-border e-commerce marketplace, was showcased by the World Internet Conference (WIC) as an important case study in the organization's newly released "World Internet Conference - Collection of Cross-Border E-Commerce Practice Cases" report.
  • The report was officially presented by the WIC at the Digital Silk Road Development Forum on April 16th, 2024, in Xi'an, China.
  • "I strongly believe that being successful is not just about material gain — it's also about internal empowerment, which is the most important kind."

Ant International to Establish New Digital Business Centre in Malaysia, Creating More Than 500 Job Opportunities

Retrieved on: 
Thursday, April 18, 2024

Ant International will create more than 500 new job opportunities in the first year, with more hirings in the next four years till 2028.

Key Points: 
  • Ant International will create more than 500 new job opportunities in the first year, with more hirings in the next four years till 2028.
  • View the full release here: https://www.businesswire.com/news/home/20240418486310/en/
    Left to right: Nina Xiao, HR Director of Ant International, Douglas Feagin, President of Ant International, Nik Naharudin Bin Mohd Nasir, Director, Digital Talent & Entrepreneurship, Digital Industry Acceleration Division, Malaysia Digital Economy Corporation (MDEC), Nik Hishamuddin bin Nik Mohd Yusoff, Head (Tertiary), Digital Talent & Entrepreneurship Department, Digital Industry Acceleration Division, Malaysia Digital Economy Corporation (MDEC).
  • Ant International’s new Digital Business Centre will move into The Exchange 106, at the heart of the Tun Razak Exchange financial and business hub, by 2025, according to Douglas Feagin, President of Ant International.
  • This will create more jobs, and investment opportunities and thus, position Malaysia as the digital hub of ASEAN.

Digital Lending Market size to record USD 19.14 billion growth from 2023-2027, Rise in adoption of cloud-based digital lending servicing software offerings is one of the key market trends, Technavio

Retrieved on: 
Friday, April 19, 2024

The digital lending market is experiencing rapid growth due to cloud-based loan servicing.

Key Points: 
  • The digital lending market is experiencing rapid growth due to cloud-based loan servicing.
  • In the rapidly evolving digital lending market, financial security is a top priority.
  • In the Digital Lending Market, financial institutions leverage technology to process loan applications, assess creditworthiness, and disburse loans digitally.
  • Digital Lending Market  is fragmented ; the companies are competing with competitors and are trying to get greater market share.

Veefin partners with Computech Limited to Digitally Transform BFSI Industry through Supply Chain Finance & Digital Lending in Africa

Retrieved on: 
Tuesday, April 16, 2024

Veefin, a global leader in Digital Lending & Supply Chain Finance, has partnered with Computech Limited, a major systems integrator in East Africa, to provide digital lending and supply chain financing solutions for financial institutions in the country.

Key Points: 
  • Veefin, a global leader in Digital Lending & Supply Chain Finance, has partnered with Computech Limited, a major systems integrator in East Africa, to provide digital lending and supply chain financing solutions for financial institutions in the country.
  • This partnership with Computech Limited will allow Veefin to provide its revolutionary, compact, and accessible solutions to prominent financial institutions in Africa.
  • In addition, the company intends to streamline and automate supply chain finance for financial institutions in the East African regions.
  • Veefin is reimagining Supply Chain Finance and Digital Lending through innovative, agile, and scalable technology.

Veefin partners with Computech Limited to Digitally Transform BFSI Industry through Supply Chain Finance & Digital Lending in Africa

Retrieved on: 
Tuesday, April 16, 2024

Veefin, a global leader in Digital Lending & Supply Chain Finance, has partnered with Computech Limited, a major systems integrator in East Africa, to provide digital lending and supply chain financing solutions for financial institutions in the country.

Key Points: 
  • Veefin, a global leader in Digital Lending & Supply Chain Finance, has partnered with Computech Limited, a major systems integrator in East Africa, to provide digital lending and supply chain financing solutions for financial institutions in the country.
  • This partnership with Computech Limited will allow Veefin to provide its revolutionary, compact, and accessible solutions to prominent financial institutions in Africa.
  • In addition, the company intends to streamline and automate supply chain finance for financial institutions in the East African regions.
  • Veefin is reimagining Supply Chain Finance and Digital Lending through innovative, agile, and scalable technology.

EQS-News: ProCredit Management Board presents updated business strategy for a broadened ProCredit footprint on its second Capital Markets Day

Retrieved on: 
Wednesday, April 10, 2024

On the back of a very successful year 2023, the Management Board presented the updated business strategy of the group, which foresees significantly increasing ProCredit’s footprint in its existing markets in South Eastern and Eastern Europe over the next years.

Key Points: 
  • On the back of a very successful year 2023, the Management Board presented the updated business strategy of the group, which foresees significantly increasing ProCredit’s footprint in its existing markets in South Eastern and Eastern Europe over the next years.
  • “We want to firmly position ourselves as the leading bank for MSMEs in our region and build a strong reputation as an attractive bank for private individuals.
  • The Management Board also highlighted a change in direction with regard to its approach to the retail sector.
  • The presentation materials, as well as a recording of the Capital Markets Day 2024 event, are available in the Investor Relations section of the ProCredit Holding website at https://www.procredit-holding.com/investor-relations/capital-markets-day/
    Andrea Kaufmann, Group Communications, ProCredit Holding, Tel.

EQS-News: ProCredit group reaches key milestones in its comprehensive sustainability strategy in 2023 and defines further targets

Retrieved on: 
Wednesday, April 10, 2024

With the inauguration of our own “ProEnergy” solar park to the electricity grid in Kosovo in July 2023, the ProCredit group took an important step towards achieving climate neutrality.

Key Points: 
  • With the inauguration of our own “ProEnergy” solar park to the electricity grid in Kosovo in July 2023, the ProCredit group took an important step towards achieving climate neutrality.
  • A number of other initiatives contributed to the reduction of ProCredit’s ecological footprint in 2023 and thus reinforced the group’s sustainability strategy.
  • Furthermore, the ProCredit group was able to maintain its 100% recycling rate for paper waste and electronic waste in 2023.
  • The Impact Report Package 2023 of the ProCredit group as well as the Annual Report 2023 are available as of today on the ProCredit Holding website in the Investor Relations section at:

13 APAC Mobile Wallet and Digital Bank Leaders Sign up for New MSME Initiative to Accelerate Inclusion and Sustainability Efforts

Retrieved on: 
Tuesday, March 26, 2024

International Finance Corporation (IFC), a member of the World Bank Group, will collaborate with Ant International to develop and promote a set of Digital Sustainability Impact Management Toolkits in the next two years.

Key Points: 
  • International Finance Corporation (IFC), a member of the World Bank Group, will collaborate with Ant International to develop and promote a set of Digital Sustainability Impact Management Toolkits in the next two years.
  • Corporates and businesses today face increasing reporting requirements from regulators, financial institutions, and supply chain partners to disclose and track their sustainability performances.
  • “We always talk about financial and digital inclusion, but sustainability inclusion for MSMEs is becoming one of the most pressing challenges,” said Leiming Chen, Chief Sustainability Officer, Ant International.
  • With this, GCash has become their bridge to digital by providing essential tools – transforming the way they do business.

The Inner Mountain Foundation Joins DHgate to Empower Female Entrepreneurs at ASD Market Week

Retrieved on: 
Wednesday, March 13, 2024

LAS VEGAS, March 12, 2024 /PRNewswire/ -- The Inner Mountain Foundation , the newly-launched global women's empowerment organization, is excited to join this year's ASD Market Week in Las Vegas to introduce its US chapter to ASD visitors alongside its corporate partner, leading global B2B ecommerce marketplace DHgate .

Key Points: 
  • LAS VEGAS, March 12, 2024 /PRNewswire/ -- The Inner Mountain Foundation , the newly-launched global women's empowerment organization, is excited to join this year's ASD Market Week in Las Vegas to introduce its US chapter to ASD visitors alongside its corporate partner, leading global B2B ecommerce marketplace DHgate .
  • As the largest annual B2B wholesale trade show in the US, ASD Market Week (March 10th to 13th, 2024) is a regular fixture on the DHgate agenda.
  • "We are very excited to expand The Inner Mountain Foundation's presence to the US and look forward to introducing the many female entrepreneurs present at ASD Market Week to the resources and support network that the Foundation has amassed," said Diane Wang, Founder of The Inner Mountain Foundation and Founder, Chairperson and CEO of DHGATE Group.
  • The Foundation's party bus tour at ASD Market Week is the first in a series of offline events in the LA chapter.