Finance News Archive

02-Oct-2005

• '$150m deal to finance 20 Express by Holiday Inn hotels in GCC (Zawya)
ABU DHABI, 2 Oct, 05 (WAM) - A consortium of 12 regional investors will Finance the US$150 launch and development of more than 20 Express by Holiday Inn hotels across five countries in the GCC.
• 'Finance Ministry urged to allow purchase of NPLs and NPAs (MCOT)
BANGKOK, Oct 3 (TNA) The Bank of Thailand has urged the Finance Ministry to consider allowing state-owned asset management companies (AMC) to purchase non-performing loans (NPLs) and non-performing assets (NPAs) from financial institutions.
• 'HSBC presents Chevening Scholarship to finance student (Times of Malta)
Rudi Schembri Galea has received a £10,000 Chevening Scholarship, funded by HSBC Bank Malta plc, to read an MSc in Accounting and Finance at the London School of Economics. The scholarship was presented to Mr Schembri Galea by the bank's chief executive officer, Shaun Wallis.
• 'Bank exec sees promise in consumer finance sector (Sun Star)
A BANK executive considers the consumer finance sector as a promising and attractive market. The growth in the Philippine economy is happening fast in the services sector with companies (like business outsourcing companies and telecommunications, among others) that are employment-intensive.
• 'State to schools: Lawsuit ignores improvements in finance system (Grand Forks Herald)
BISMARCK, N.D. - North Dakota's founders believed paying for schools was a local responsibility, says a court filing in a lawsuit that claims the Legislature hasn't provided enough state money for education.
• 'Good books for a child on finance (Baltimore Sun)
Do you have a rec- ommendation for a chidren's book on finance and investing in the stock market? My-12-year-old son is intrigued about how the markets work. We went to the bookstore, but the only title listed is no longer in print.
• 'Finance Committee okays 2006 budget (The Tomah Journal)
Monroe County Finance Committee Chair Carl Anderson said the 2006 budget was "put to bed" at the committee's meeting on Tuesday. It remains to be seen how much the covers of that bed will be ruffled between Tuesday and on Nov. 2.
• 'Worst performing DRDGold doubles finance boss's pay (Independent Online)
DRDGold, which has fired 6 000 workers this year, more than doubled its Finance director's pay in fiscal 2005. During that time it was the JSE's worst performer, falling 63 percent.