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More than half of UK businesses are considering selling into new markets in response to the Covid-19 pandemic, new research suggests, though there remains a lack of awareness of government support schemes in place to help exporters. An independent survey of 900 business leaders commissioned by logistics company One World Express found that 57% of ... .
Governments are being urged to introduce stricter due diligence requirements for financial institutions involved in timber trading, following a detailed investigation into a deforestation scandal in Southeast Asia. Global Witness, an influential anti-corruption campaign group with a focus on environmental protection, published a report this month accusing a Malaysia-headquartered company of carrying out illegal logging ... .
Spanish-headquartered renewable energy giant Siemens Gamesa has signed a bank guarantee line for up to €600mn. The facility, which covers the construction of components for an offshore wind farm, also incorporates a dual environmental and social sustainability purpose. Hornsea 2 is the largest offshore wind farm to date. Located in the North Sea and owned ... .
As part of a wider plan to aid the Indian economy in the wake of the coronavirus, the Reserve Bank of India (RBI) has pledged to support struggling exporters and importers through a range of new measures. According to a statement released on May 22 by India’s central bank governor, Shaktikanta Das, the country’s exports ... .
Banks are being urged by regulators not to withdraw financing for Singapore’s beleaguered commodities trade sector, despite a string of high-profile company collapses and allegations of fraud. The city state’s oil trading industry has been rocked by the sudden downfall of Hin Leong. Founded in 1963, the company grew to become one of Asia’s largest ... .
Since its emergence in China at the end of last year, the Covid-19 outbreak has caused unprecedented damage to supply chains across the world. From output disruptions as factories shut down to demand shocks amid lockdowns, the deleterious impact of the virus on trade now exceeds that of the global financial crisis. As exporters, banks ... .
CCRManager, a digital platform for the distribution of trade finance assets, has raised S$3mn from a group of investors to support its new service aimed at corporates, having initially set out to only serve the bank and investor markets. Investors include Asia Capital & Advisors (ACA) and Global eTrade Services, a trade facilitation company, as ... .
As we chart a course through this global pandemic with business anything but usual, brokers must work more closely with their clients than ever before. When it comes to trade credit insurance, the game has a new set of rules. Overall, the number and aggregate value of credit limits underwritten are lower than before the ... .
In the first episode of the GTR News Brief, the latest podcast series from the editorial team, host Felix Thompson gives a breakdown of recent major stories in trade and trade finance news as covered by GTR. These include a UK lender apologising as glitches and delays hit Covid-19 loans, and the Japanese export credit agency ... .
Financing under the European Bank for Reconstruction and Development’s (EBRD’s) Trade Facilitation Programme (TFP) in April topped €500mn for the first time in its history. This marks the development bank’s second consecutive month of record support for trade as it steps in to protect emerging economies across its regions, which stretch from central and south-eastern Europe, ... .
Oman has taken a step towards paperless trade by introducing e-delivery and e-cargo release orders, enabling the sultanate’s logistics sector to approve digital documents and keep trade flowing. “Traders will no longer be forced to wait for the physical receipt of delivery order papers,” reveals Oman Logistics Center (OLC), a government agency that focuses on ... .

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