More small firms use alternative finance as loan approvals grow

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveHero WarsThis game will keep you up all night!Hero WarsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive Supplement Show Comments ▼ More small firms use alternative finance as loan approvals grow Chris PapadopoullosChris Papadopoullos was City A.M.’s economics reporter until February 2016. He is an economist at OMFIF. whatsapp Wednesday 26 November 2014 8:33 pmcenter_img whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Crazy Rich Asians’ Director Wishes He Made South Asian Roles ‘More Human’The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap SMALL and medium-sized enterprises (SME) are relying more on alternative sources of finance, despite more applications for loans and overdrafts being successful.The figures released today by market research firm BDRC Continental show that the proportion of SMEs using alternative financing such as trade credit – a delay between the receiving goods and paying for them – and personal funds rose to 64 per cent from 37 per cent for 2014 to date.The overall business environment seems to be improving along with the UK’s economic recovery, with 77 per cent of SMEs reporting that they are profitable, up from 69 per cent in the third quarter last year.However, more SMEs are choosing not to borrow from banks despite 71 per cent of all loan and overdraft applications made in the 18 months to September being successful, up from 66 per cent in the 18 months to June. The firms also say they are currently preferring to pay down current debt.“For over a year now, SMEs have been in a more positive mood, but this has not translated into in­creased appetite for external fin­ance,” said Shiona Davies, director at BDRC Continental. Tags: NULL Sharelast_img read more

Brussels Airlines adds stunning Tintin livery to plane and renames it Rackham

first_img Lynsey Barber by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comDiscovery29+ Fascinating U.S. Navy WarshipsDiscoveryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesComedyAbandoned Submarines Floating Around the WorldComedyGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.com Brussels Airlines adds stunning Tintin livery to plane and renames it Rackham whatsapp Monday 16 March 2015 7:21 pm Tags: NULL whatsapp Fans of Tintin, classic comic book art, or anyone who just appreciates a little colour being added to their flight, should book a ticket on this new Brussels Airlines plane.The most famous creation of Belgian artist Hergé is gracing the livery of one of the airline’s A320 planes – now renamed Rackham after the book Red Rackham’s Treasure from which the artwork is taken. The aircraft now displays a stunning image of the beloved character Tintin and his dog Snowy riding in a submarine shaped like a shark alongside some fishy friends from the adventure. It also features further artwork inside the aircraft with Tintin and his friend Captain HaddockThe livery will appear on a single aircraft which flies to a number of destinations in Europe, including Paris, Geneva, Rome and Barcelona. Show Comments ▼ Sharelast_img read more

News / Airlines divided on cross-industry collaboration to boost pharma volumes

first_imgChangi Airport is a member of Pharma.Aero and recently launched local collaboration group [email protected], which aims to further the airport’s pharma handling capabilities by jointly pursuing best practices with airlines, forwarders and ground handlers.Fellow Pharma.Aero-member airports Brussels and Miami also claim collaboration is key to improving service levels.“A few years ago we were losing some ground to pharma shipped by ocean freight,” noted Jimmy Nares, section chief of aviation marketing at Miami-Dade.“That was a wakeup call to many of us who decided we want to improve the process of shipping pharma by air and the only way to do that was to work together.“It’s a requirement for Pharma.Aero members to have CEIV or be working towards it. We’re taking that expertise and knowledge to the next level through collaboration and being actively involved in projects with pharma shippers themselves.”Steven Polmans, head of cargo and logistics at Brussels Airport, added: “The ultimate goal of these cooperations is to ‘grow the cake’ – it’s much easier in the short-term to start competing for business, but if we devote a bit of our time to more strategic activities, even if we don’t get direct payback, then there will be more [business] to fight for in the end.”However, executives from Swiss WorldCargo and Qatar Airways Cargo were unconvinced about Pharma.Aero and similar cooperation initiatives.“I could be provocative and say we’ve been extremely successful without them,” said David Beecham, senior manager cargo products for Qatar Airways Cargo.He said that, after initially “sitting on the fence” to see which pharma initiatives would gain a foothold, Qatar Airways Cargo was now convinced IATA’s CEIV certification had raised handling standards, adding that the carrier would become CEIV-certified later this year.‎Swiss WorldCargo head of business development Andrés Perez said he would be reluctant to join an initiative that included competing airlines.“For us, it’s a different perspective, because with airports which are not competing geographically, it’s fine for them to partner-up to ship goods, for example, from Singapore via Brussels to Miami. But I don’t want to partner with other airlines, because they’re my competitors and can fulfil the same lanes I can.“For me, it’s important to have a competitive advantage, and with CEIV it’s an industry standard, but if Pharma.Aero is something for everybody to join, then I don’t think it’s something for me.”Turkish Cargo special cargo manager Abdullah Bahadir Büyükkaymaz disagreed: “We’re part of the Pharma Gateway community in Amsterdam, which includes our competitor KLM. So we’re doing something together there and we learn from each other,” he noted, adding that Turkish Cargo is considering joining Pharma.Aero. By Sam Whelan in Shanghai 23/05/2018 Air cargo players should accelerate collaboration efforts to grow pharmaceutical volumes, delegates heard at last week’s Air Cargo China event in Shanghai.However, major airlines are divided on the benefits of joining cross-industry collaboration groups such as Pharma.Aero.“Some pharma shippers are still concerned with using air cargo, with 90% of temperature excursions taking place in the airport environment,” explained Jaisey Yip, ‎Changi Airport’s associate general manager for cargo and logistics.“The air freight industry is very fragmented, with many players and stakeholders working in silos, so there’s a lack of collaboration. For pharma shippers to be more comfortable using air freight we need to give them more visibility, and I think collaboration across the whole supply chain is key,” she added.last_img read more

‘Songs For Charity’ concert set to be held in aid of the Cuisle Centre

first_imgHome Lifestyle Entertainment ‘Songs For Charity’ concert set to be held in aid of the… LifestyleEntertainment Electric Picnic DB Promotions presents ‘Songs For Charity’ concert in aid of of the Cuisle Centre, Portlaoise.The Charity concert will take place on Friday, March 13 at 7.30pm in the Dunamaise Arts Centre with all proceeds (Including raffle and bucket collection) will go directly to the Cuisle Centre, Portlaoise.The Cuisle centre was founded in 2004. It is a registered charity offering professional support to people diagnosed with cancer and to their families. Previous articleLeinster final for Heywood following brilliant Ballymahon winNext articleStar studded judging panel announced for Laois school’s Lip Sync fundraiser LaoisToday Reporter Facebook Twitter SEE ALSO – Laois man caught up in Coronavirus outbreak in South Korea Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Twitter ‘Songs For Charity’ concert set to be held in aid of the Cuisle Centre TAGSThe Cuisle Centre By LaoisToday Reporter – 26th February 2020 Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Pinterest Facebook RELATED ARTICLESMORE FROM AUTHOR WhatsApp WhatsApp Electric Picnic Pinterest This fundraiser concert is a perfect start to the weekend with Music for all the family promises to be a Musically Entertaining Night.Joe S Music and friends will provide the Musical Entertainment on the night.There will be Musical performances from Peco Music, Tobi A, Steven Kelly Music, Jamie Murphy Music Mark Walsh, Midlands ISL Learners Choir, Dickie Donnelly Music, Laois African Support Group – IRL Gospel Choir, Ghost Of The Pine and DuoTickets price: €15 – Ticket Link; https://dunamaise.ticketsolve.com/shows/873610715Come along to enjoy this fantastic Musically Entertaining evening while raising vital funds for the Cuisle Centre. News Electric Picnic organisers release statement following confirmation of new festival datelast_img read more

U.S. economy plunges 31.4% in Q2

first_imgThe new report, the government’s last look at the second quarter, showed a decline that was more than three times larger than the previous record-holder, a fall of 10% in the first quarter of 1958 when Dwight Eisenhower was president.Economists believe the economy will expand at an annual rate of 30% in the current quarter as businesses have re-opened and millions of people have gone back to work. That would shatter the old record for a quarterly GDP increase, a 16.7% surge in the first quarter of 1950 when Harry Truman was president.The government will not release its July-September GDP report until Oct. 29, just five days before the presidential election.While President Donald Trump is counting on an economic rebound to convince voters to give him a second term, economists said any such bounce back this year is a longshot.Economists are forecasting that growth will slow significantly in the final three months of this year to a rate of around 4% and could actually topple back into a recession if Congress fails to pass another stimulus measure or if there is a resurgence of COVID-19. There are upticks in infections occurring right now in some regions of the country, including New York.“There are a lot of potential pitfalls out there,” said Gus Faucher, chief economist at PNC Financial Services. “We are still dealing with a number of significant reductions because of the pandemic.”He said in addition to the possibility that Congress will not pass further stimulus support because of the sharp split between Democrats and Republicans over how much more is needed, there are other threats in the form of uncertainty over the upcoming election.“All this political uncertainty has the potential to weigh on economic growth,” Faucher said.The Trump administration says solid growth in coming quarters will restore all of the output lost by the pandemic.So far this year, the economy fell at a 5% rate in the first quarter, signalling an end to a nearly 11-year-long economic expansion, the longest in U.S. history. That drop was followed by the second quarter decline of 31.4%, which was initially estimated two months ago as a drop of 32.9%, and then revised to 31.7% last month.The slight upward revision in this report reflected less of a plunge in consumer spending than had been estimated. It was still a record fall at a rate of 33.2%, but last month projections were for a decline of 34.1%. This improvement was offset somewhat by downward revisions to exports and to business investment. Alberta’s economic outlook on the rise: ATB Financial Another jump in prices tightens the squeeze on U.S. consumers The U.S. economy plunged at a record rate in the spring but is poised to swing to a record increase in the quarter that is just ending.The Commerce Department reported Wednesday that the gross domestic product, the economy’s total output of goods and services, fell at a rate of 31.4% in the April-June quarter, only slightly changed from the 31.7% drop estimated one month ago. Keywords Economy,  U.S. Facebook LinkedIn Twitter This picture says the development of economy, successful, and achievement iStock Martin Crutsinger, The Associated Press Share this article and your comments with peers on social media Related news Household debt-to-income ratio fell in first quarter: Statscanlast_img read more

After riding out pandemic, U.S. fund industry poised for growth: ISS

first_imgfemale investor iStock.com / Natali_Mis James Langton Catastrophe bond market gains momentum “In the near term, asset managers have good reason for optimism,” said Christopher Davis, head of U.S fund research at ISS Market Intelligence, in a release.“Our 2021-2025 outlook for long-term funds anticipates flows will rebound spritely from 2020’s depressed levels,” he added.The report noted that ETFs accounted for almost all of the long-term net flows, which totalled $350 billion, in 2020.“Redemptions hit mutual funds, especially active ones, hard,” it said.The report also noted that ESG funds were a bright spot in 2020, generating a record $60 billion in net flows, which was nearly triple their total in 2019 (a record in its own right).“The pandemic, wildfires, social unrest and political strife of 2020 collectively highlighted the human, environmental and financial risks ESG strategies purport to address,” it said.Looking ahead, the report also predicted that index funds will claim over half of industry assets by 2025.“Rumours of the old-fashioned mutual fund’s demise are exaggerated. Mutual funds will remain a powerhouse for years to come, but most of the benefits will accrue to index fund managers,” it said.Yet, at the same time, ISS saw an opportunity for active managers in the ETF market, estimating that active ETFs will generate more than $700 billion in net sales by 2025.Additionally, the report noted that past performance is no longer any guarantee of future sales in the fund industry.“With investor portfolios increasingly powered by asset-allocation solutions like target-date funds and model portfolios, better performance for the asset class often means weaker flows — a reversal of the sales-follows-returns pattern that has driven fund providers’ sales and marketing strategies,” it said. Share this article and your comments with peers on social media Long-term investment fund assets under management are forecast to rise to $27.3 trillion (all figures in U.S. dollars) by 2025, according to a new report from ISS Market Intelligence.The report by the research unit of proxy advisory firm Institutional Shareholder Services (ISS) Inc. projects that long-term flows will total $2.7 trillion over the next several years, with assets climbing by $7.2 trillion over that period. Study: Racial diversity stagnated on U.S. corporate boards Related news Global insurers’ focus on ESG will impact energy sector: report Keywords Index funds,  ESG,  Asset management companies,  ETFs Facebook LinkedIn Twitterlast_img read more

Agricultural Items and Funeral Expenses to be Zero-Rated from GCT

first_imgFacebookTwitterWhatsAppEmail As of June 1, a number of agricultural items will once again be zero-rated from General Consumption Tax (GCT).The zero-rated items include animal feed, machetes, planting material, including cereals and seeds, fishing apparatus, fertilizer, herbicides, and insecticides.Making the announcement at the opening of the 2006/07 Budget Debate in the House of Representatives today (April 27), Finance and Planning Minister, Dr. Omar Davies acknowledged that the sector had “taken a beating” over the past two years.During that period, the agricultural sector was severely affected by three hurricanes, notably Hurricane Ivan in September 2004.The Minister also announced that as of June 1, funeral expenses of $100,000 and less would be zero-rated for GCT purposes.He said even as the government sought to rationalize the tax system to facilitate greater equity and ease in auditing, there were special cases deserving special attention and the GCT application on funeral expenses was one such case.Dr. Davies said, however, that steps had to be taken to ensure that the exemption was not abused by dishonest persons. The GCT on funeral expenses was introduced on May 1, 2003. RelatedAgricultural Items and Funeral Expenses to be Zero-Rated from GCT Advertisements RelatedAgricultural Items and Funeral Expenses to be Zero-Rated from GCTcenter_img Agricultural Items and Funeral Expenses to be Zero-Rated from GCT UncategorizedApril 27, 2006 RelatedAgricultural Items and Funeral Expenses to be Zero-Rated from GCTlast_img read more

HMRC provides tax and customs support to businesses that trade with Europe

first_imgHMRC provides tax and customs support to businesses that trade with Europe HMRC is offering advice about trading with Europe that will help businesses adapt to the changes to customs and tax rules, and avoid disruption when they move goods between the UK and Europe, or under the Northern Ireland Protocol.The government department is writing out to all UK based VAT-registered traders, as well as continuing to send weekly email updates to more than 170,000 customers.Katherine Green and Sophie Dean, Directors General, Borders and Trade, HMRC, said:We know how challenging it is for businesses to adapt to so many changes, particularly during the COVID-19 pandemic. And we appreciate how much traders have done already.Customs and tax rules are complex, and we understand customers working through them for the first time need more support. That’s why we launched the new SME Brexit Support Fund that can pay up to £2,000 for training or professional advice about customs and VAT, for businesses that are new to the importing and exporting rules, and we’ve also announced a six-month delay to the introduction of full import border controls, giving our customers more time to prepare and get to grips with the changes.We want our customers to know that HMRC is here to help. Our Customs and International Trade helpline has been expanded and we’ve extended our operating hours, while continuing to run regular live webinars that traders can join.HMRC also recommend that traders:decide if they want to delay import declarations or duty payments on goods moving between EU into Great Britainappoint a specialist to deal with import and export declarations. This is important, regardless of the amount or value of trade your business does with Europe. Most companies use a third party such as a freight forwarder or fast parcel operator to deal with this and do not make their customs declarations themselvesfind out whether they can claim the preferential rates of duty that were agreed in December’s cooperation and trade agreement between the UK and the EUcheck what support is available for moving goods through Northern Ireland /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:agreement, Brexit, Britain, business, Customs, Dean, EU, Europe, Government, Great Britain, International trade, Ireland, Katherine, pandemic, UK, UK Governmentlast_img read more

Chancellor’s Corner: Don’t forget — thank a Vet on Veterans’ Day 2014

Published: Nov. 6, 2014 As we look forward to Veterans Day this Tuesday, Nov. 11, I encourage you to take a moment and consider the debt of gratitude we owe our veterans. Without their service and dedication to our nation, our freedom and liberties would not be as secure as they are today. The adage that “freedom isn’t free” is true, and it is our veterans who have paid the highest price for that freedom.In addition to their valuable service to our nation, veterans form an important segment of our campus community as students, faculty and staff. Their experiences enrich our environment of learning and fuel our aspirations to engage in debate and civil discourse, and their hard work and determination inspire us all.For all these reasons, on Nov. 11, please don’t forget to thank a veteran, or visit the University of Colorado’s Memorial Center, which is dedicated to veterans, and tour the displays on the second floor west lobby that commemorate the service of CU veterans in past conflicts. I cordially invite you to attend the Veteran’s Day Commemoration Ceremony in the Folsom Field Stadium Club at 11 a.m. on Veteran’s Day.Our campus community should be proud of the sacrifices of veterans past and present, and mindful that the spirit of free inquiry and discovery that fuel our mission owes it strength and reach to their character, courage and sacrifice.Thank you,Philip P. DiStefano, chancellor Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail read more

Customer Service Improvements at PICA Pay Off

first_imgRelatedCanaan Heights Poised To Become A Model Community Story HighlightsThe Passport Immigration and Citizenship Agency (PICA) is reaping rewards from improvements made to its service delivery processes.Customer Service Director at PICA, Lesline Chisholm, told JIS News that during the period 2012 to 2014, PICA implemented technological solutions, and provided facilities and services for customers with special needs.Focus was also placed on improving efficiency through staff motivation, while strategic alliances and stakeholder partnerships were formed in an effort to offer extended and varied services to customers. Customer Service Improvements at PICA Pay Off National SecurityOctober 5, 2015Written by: Shelly-Ann Irving Customer Service Improvements at PICA Pay OffJIS News | Presented by: PausePlay% buffered00:0000:00UnmuteMuteDisable captionsEnable captionsSettingsCaptionsDisabledQualityundefinedSpeedNormalCaptionsGo back to previous menuQualityGo back to previous menuSpeedGo back to previous menu0.5×0.75×Normal1.25×1.5×1.75×2×Exit fullscreenEnter fullscreenPlay RelatedPM Says Jamaica/UK Partnership Vital to Economic Programme FacebookTwitterWhatsAppEmail center_img RelatedLyme Bay Crew Rehabilitate Halfway House in Clarendon Photo: Donald DelahayeCustomer Service Director at the Passport Immigration and Citizenship Agency (PICA), Lesline Chisholm. The Passport Immigration and Citizenship Agency (PICA) is reaping rewards from improvements made to its service delivery processes.Customer Service Director at PICA, Lesline Chisholm, told JIS News that during the period 2012 to 2014, PICA implemented technological solutions, and provided facilities and services for customers with special needs.Focus was also placed on improving efficiency through staff motivation, while strategic alliances and stakeholder partnerships were formed in an effort to offer extended and varied services to customers.These initiatives have paid off with PICA being among six entities shortlisted for awards in the Public Sector Customer Service Competition (PSCSC).PICA has been nominated in the categories of Most Improved Customer Service; Most Socially Aware; and Most Creative/ Innovative customer service entity.“We are grateful that we have been shortlisted for three categories of the competition and our customers are pleased with the improvements we have made,” Ms. Chisholm said.She told JIS News that over the two-year period, PICA also increased its passport and mobile unit access points.“Our customers benefit from the convenience of having the services brought directly to them. There has been a 64 per cent increase in the number of passport mobiles conducted in communities and offices over the period. Even our customers in London, Birmingham and Manchester (England), have benefitted from the roving passport service,” she informed.In addition, PICA upgraded its website, with an online tracking facility for passport applications added.“The upgrade resulted in an automatic improvement in the quality of service to customers locally and globally. Since the website upgrade, page views (hits) grew by 72 per cent from 478,000 views to 824,000,” Ms. Chisholm boasted.In addition, the queueing system has been improved to better serve people with special needs, while the Advanced Passenger Information System (APIS) has been upgraded to expedite airport passenger processing.“(This) has resulted in 80 per cent of passengers breezing through the airports onto their destination,” Ms. Chisholm noted.She told JIS News that at least 200 more passengers are processed hourly at the Norman Manley International Airport in Kingston, and 400 more at the Donald Sangster International Airport in Montego Bay.“The introduction of the kiosks has caused a 50 per cent reduction in the personnel required to man immigration booths at both airports, as approximately 18 per cent of passengers currently use the kiosks, and this is expected to increase over time,” she pointed out.The other five entities shortlisted for awards in the PSCSC are: National Health Fund (NHF), National Housing Trust (NHT), Firearm Licensing Authority (FLA), National Land Agency (NLA), and the Jamaica Cultural Development Commission (JCDC).The PSCSC, coordinated biennially by the Public Sector Transformation Programme in the Office of the Cabinet, seeks to reward and recognise government organisations that excel in providing quality customer service and by so doing, challenge other entities to raise customer standards. Advertisementslast_img read more