Now the US small business owners get relief as US newly elected President Barack Obama has said small businesses that have been hard hit by the global economic downturn will be helped very soon. He said small businesses remained at the key of the American economy. So, it must be helped and support through the credit shortage. President Obama was speaking those to small business owners and others at the White House. He added credit problems had forced a number of small business owners to cut back their operations or close the businesses. So, it is hampering the US economy.

In the White House meeting, to point out that small businesses are accountable for more than half of all private sector jobs, Obama said: ‘Any lender that provides SBA small business loans will have a buyer for those loans. And in turn, community banks will no longer have to choose between providing loans to credit-worthy small businesses and maintaining the required capital and liquidity.’ He further added US Treasury Department would step properly in to get small business loans from banks.

Taiwan’s biggest electricity producer, Taiwan Power Co. has sold NT$6.99 billion (US$203 million) of bonds to facilitate fund purchases of new generators as well as to build transmissions lines. Taipei-based Taiwan Power informed in an e-mailed statement Friday (13 March) that the state-run utility sold NT$3.89 billion of five years notes and NT$3.1 billion of seven years bonds. The utility has an Aaa.tw rating from Moody’s Investors Service. The rating is the highest for any Taiwanese company. More to the point, Moody’s has a separate rating system for Taiwan. Taiwan Power Co is also known as Taipower.

Earlier Chief Engineer Tu Yueh-yuan said Taiwan Power needs to borrow NT$200 billion in 2009 to fund spending, including NT$158 billion of investments in power plants and transmission lines.  He said it on January 14. The authority said the five-year securities priced will pay an annual interest of 1.61% and the seven-year debt 1.87%. The state owns 97% of Taipower and it generates around 75% of the electricity the island uses and monopolizes transmission.

The UAE Government has announced a $20 billion bond program to fund a number of its financial commitments. The bond is an unsecured fixed rate paper yielding 4% per annum with a five-year maturity. The first tranche of $10 billion of the issue was entirely subscribed by the UAE central bank. Many think that this step gives a smooth breeze on the economic development of the country.

In a statement UAE administration said “This issuance will provide Dubai Government with the necessary liquidity to substitute the liquidity that has dried up globally in the last 12 months and accordingly meet all upcoming financial obligations. This program will secure the necessary funding for Dubai to meet its financial obligations and continue its development program.”