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Bank of America named among top companies for women's businesses

Bank of America Corp. has been recognized by the Women's Business Enterprise National Council for its support of women-owned businesses.

The council included the bank, which has 25 offices in the greater Albuquerque/Rio Rancho metro region, in its annual listing of corporations that buy goods and services from such businesses.

"These top corporations demonstrate that buying from women results in innovation and growth," says Linda Denny, chief executive of the council in a release. "By implementing strategic, enterprise-wide supplier diversity programs, they are rewarded with outstanding products and services that benefit their customers and their shareholders."

The Women's Business Enterprise National Council was founded in 1997 and is an advocate of women-owned businesses as suppliers to U.S. more

BUSINESS IN BRIEF 23/3

Malaysia 's top lender, Malayan Banking Bhd (Maybank), said that it has signed an agreement with Viet Nam 's An Binh Commercial Joint Stock Bank to acquire a 15 percent stake in An Binh Bank for 430 million ringgit (roughly 135.2 million USD) cash.

Maybank said in a recent statement that it may also take up an additional 5 percent equity in the near future, pending approval by the Vietnamese Government.

Viet Nam 's current regulations allow foreign banks to own up to 15 percent equity in a Vietnamese bank with the possibility of increasing the stake to 20 percent subject to approval by the government, Malaysia 's The Star newspaper reported.

Upon completion of the agreement, Maybank will emerge as a major shareholder of An Binh Bank, after the Electricity of Viet Nam Group which holds a 28.3 percent stake. more

Lawson Adds Business Process Automation to Management System

Lawson Software has added a business process automation tool to its M3 Enterprise Management System.

Lawson said ProcessFlow Integrator will enable organizations to create business processes and establish how people share information among their Lawson enterprise applications, non-Lawson applications, and directly with partners, clients, and customers. It also provides workflow and in-basket capabilities that complement the Lawson Smart Office Suite. . more

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