Gerry Harvey is a long-time Funtastic backer. Peter Rae The auditors of beleaguered toy maker Funtastic have warned there is “significant doubt” that the company can continue as a going concern after it slumped to a bigger-than-expected annual loss. But the company’s chief financial officer, Grant Mackenzie, insists it is now on a much stronger footing after…
The auditors of beleaguered toy maker Funtastic have warned there is significant doubt that the company can continue as a going concern after it slumped to a bigger-than-expected annual loss. Funtastic, which counts Harvey Norman executive chairman Gerry Harvey as one of its major shareholders, narrowed its net loss to $23.4 million for the year…
The service – called Abhaile – has operated on a trial basis since earlier this year and the Government claims it is “proving very effective”. About 43,000 owner-occupier mortgages here are in arrears of 90 days or more. The Abhaile service is being launched by Tánaiste Frances Fitzgerald, and Minister for Social Protection, Leo Varadkar,…
But when the Sands asked prosecutors to press criminal charges against Xiufei Yang (59) and Meie Sun (52) over the debts, their attorneys struck back with a surprising allegation. Yang and Sun weren’t high-stakes gamblers, their attorneys said in court filings. They were local housekeepers, recruited with the co-operation of Sands personnel to take out…
Nelly performing in Atlanta in 2016. Paras Griffin/Getty Images Nelly — the St. Louis rapper, facial bandage wearer and official party maker of your middle/high-school dances — owes the IRS a lot of money: $2.4 million to be exact. In an optimistic effort to help him out, fans are streaming his albums on services like…
The Business Recovery & Insolvency Practitioners Association of Nigeria (BRIPAN) has said that a sound insolvency regime and effective dispute resolution process are the key factors for development in any nation. Speaking at the BRIPAN 2016 International Conference with the theme: Nigerias Changing Economy And Emerging Issues In Restructuring And Insolvency, President, BRIPAN, Mr. Sola…
After appointing M.S. Sahoo as chairperson of the Insolvency and Bankruptcy Board of India, the government has finalized the names of four members to the board in order to make it functional. They are: Ajay Tyagi, additional secretary, department of economic affairs; Amardeep Singh Bhatia, joint secretary, ministry of corporate affairs; G.S. Yadav, joint secretary,…
PUBLISHED: October 2, 2016 6:00 pm During sentencing, Bailiff William Bailhache said: ‘Drug trafficking causes real damage to the people of this Island and by assisting drug traffickers in their trafficking you too have caused the damage to the people of this Island. A GAMBLING addict who attempted to move thousands of pounds out of…
A draft of the federal bankruptcy law recently approved by the UAE Cabinet is a very welcome development and is expected to yield significant economic benefits. It also fits well with the UAE Vision 2021 National Agenda, one of whose targets is to make thecountry “the worlds first in ease of doing business” a spot…
The Ghana Association of Bankers (GAB) says the ongoing restructuring of Volta River Authority (VRA) legacy debts on the books of some local banks is on course. The process would show a reduction of Non-Performing Loans (NPLs) by the end of the year. The GAB noted that the first quarter payment, after the initial deposit…