Reports on activity in the
nonfinancial services sector were positive, with reporting Districts noting similar or improved activity from the last report."
Another key element was a willingness to partner with external providers such as FinTech startups, technology providers and
nonfinancial services firms that customers value.
Many Districts reported modest growth in
nonfinancial services. Manufacturing activity was mixed across Districts.
ECIMB is a new Greenfield bank with a vision to become a leader in providing focused financial and
nonfinancial services to the owners of small and micro enterprises.
The program will also improve the quantity, quality, and relevance of
nonfinancial services for MSMEs and help to solve the problems of lack of coordination of public management support and lack of current statistical information on the sector.
Only 11.8 percent of manufacturing companies and 8 percent of
nonfinancial services companies adopt an age-based mandatory retirement policy for CEOs.
Interventions can include training in literacy, occupational and entrepreneurial skills, as well as provision of support to youth-led micro and small enterprises and cooperatives to successfully access credit,
nonfinancial services and markets.
For NFFEs making nonfinancial payments, the relevant payments the proposed regulations applied to were (i) payments for goods, non-financial services, and the use of property and (ii) interest on payables related to the acquisition of goods,
nonfinancial services, or use of tangible property.
Demand for
nonfinancial services increased at a modest pace, and several Districts noted growth in freight and transportation services.
He said that the institution would focus on Islamic financial services, revolving loans and savings, as well as
nonfinancial services like vocational and management training and marketing.
In May of 2008, S&P confirmed its intent to continue to broaden its focus on ERM in
nonfinancial services industries and to begin incorporating its findings in its credit-rating reports in 2010.