Thai Bev’s Chief executive Thapana Sirivadhanabhakdi. Thai Beverage Plc (ThaiBev) will aggressively boost its business footprint in Asean through mergers and acquisitions, including a further stake in Vinamilk, Vietnam’s largest dairy producer. The moves will help ThaiBev achieve its goal of becoming a leading, sustainable drinks company in Asean by 2020. Chief executive Thapana Sirivadhanabhakdi…
As many of you know, Nelly is facing some serious debt. Not only does the 41-year-old owe the Missouri Department of Revenue $149,511 in unpaid taxes, he was also hit with $2,412,283 federal tax lien last month. The amount is insane, but sources close to the St. Louis rapper assured everyone he was working with…
Sept. 11, 2016 10:03 p.m. ET As millennials struggle to repay record levels of student-loan debt, many are making costly mistakes that threaten to undermine their long-term financial security. For instance, roughly one in four is behind on repayments or in default, which can result in a host of negative consequences, from damaged credit to…
D-Day for firms covered by insolvent Enterprise Insurance 22 August 2016
Scott Coulter said Comvita had experienced softer trading conditions as a result of the slowdown in demand in the Chinese market. Photo/ Greg Bowker Comvita staff around New Zealand are heading homewith the news restructuring could mean redundancies for some. Comvita chief executive Scott Coulter said all staff at the Paengaroa office were called together…
Creditors who funded the United States shale boom are not in good shape to recover their invested funds, according to Moodys Investors Service. Banks and private lenders have only gotten back $1 of every $5 they invested in companies that declared bankrupt in 2015, the credit rating agency reports, which analyzed 15 bankrupted energy companies…
Worker claims he’s owed $100k Save Monday, 12 September 2016 A former employee is seeking $100,000 from a tech company that once aspired to list on the NZX and is now in liquidation. Lawrence Sami was employed by mobile payment company Optimizer HQ, run by Mana Kumar, which previously operated the Swipe payment brand from…
A British absurdist artist is stuck off the coast of Japan on board a Hanjin Shipping freight ship after the company declared bankruptcy. 25-year-old Rebecca Moss is onboard the vessel as part of the 23 Days at Sea project a residency program organized by a Vancouver art gallery that puts artists on cargo ships sailing from…
The high-profile directors of collapsed stockbroker BBY, Ken Rosewall and his son Glenn, will take the stand during the course of a much anticipated liquidators hearing which begins today in Sydney. Approximately 6,000 clients are owed about $61 million from BBY, which collapsed in May 2015 amid claims of insolvent trading, misuse of client…
Comments (0) Lisa Thomas, insolvency practitioner at Neville & Co explains that in the end, liquidation may be the answer The main part of our work revolves around advising Directors on the insolvency options for their companies and then holding their hand through whichever procedure is most appropriate in the circumstances. Liquidation is one of the…