Singaporean Hui Weng Cheong is the first non-Thai to serve as president of AIS, a move seen as preparing SingTel for a major push into the Thai market. (Photo courtest of AIS) Advanced Info Service (AIS) has announced the appointment of Hui Weng Cheong in the newly reinstated position of president, in a move viewed…
Alden Williams/Fairfax NZ Atamai Village off Mytton Heights Road. Village Stewards, which holds land owned by the Atamai Land Trust, is in liquidation. The future of a Motueka Valley eco-village is uncertain as its corporate trustee goes into liquidation owing creditors about $10 million. Atamai Village is a not-for-profit permaculture community billed as being “designed to deal with the impacts of…
Latest news: The WA state governments Keystart Housing Scheme Trust has sold Bendigo and Adelaide Bank $1.35 billion-worth of standard variable-rate residential home loan debt at 0.2% premium. The loans, roughly a quarter of Keystarts total loan book of about $4 billion, involves the debt of 6,000 borrowers with an average loan of $225,000…
Andy MacMillan, CEO of Act-On Software Act-On Software Marketing automation company Act-On Software is restructuring its team with dozens of lay offs reported. Thirty-six roles were affected. Last year, the company said it had roughly 400 employees, many based at its Portland headquarters. … Read the full article at: http://www.bizjournals.com/portland/blog/techflash/2016/10/act-on-downsizes-amid-focused-restructuring.html
Amber Rudd faced fresh questions about her shady business career after a Mirror investigation found a former business associate was appointed as the liquidator of one of her failed firms. The Mirror has revealed that the Home Secretary was involved in running a string of firms in the late 90s and early 2000s that went…
Steven Stradbrooke October 4, 2016 Londons venerable Ritz Club Casino had a disappointing performance in 2015 thanks to VIP gamblers getting luckier and less honorable. In public documents filed last week, the Ritz Club reported a net loss of £12.8m in the 12 months ending Dec. 31, 2015, compared to a net profit of over…
The struggle is real. Photo: Staan Honda/AFP/Getty Images Every day, predictions about the restaurant industry careening toward massive recession look more and more like reality. Last week, it was flatbread-sandwich purveyor Così that declared bankruptcy; this week, its Garden Fresh, the company that runs the nations 123 Souplantation and Sweet Tomatoes restaurants. At least 11…
Baku, Azerbaijan, Oct. 4 By Anvar Mammadov Trend: Azerbaijans Zaminbank OJSC has been declared bankrupt, said Azad Javadov, executive director of the Azerbaijan Deposit Insurance Fund (ADIF). Javadov made the remarks Oct. 4 at a press conference in Baku. We completed the assessment of Zaminbanks assets and were forced to appeal to a court for…
Federal cabinet signed off on Tuesday on a proposal from Education Minister Simon Birmingham that replaces Labor’s VET FEE-HELP with a scheme that will also put in tougher barriers to entry to training providers Q&A The Turnbull government believes it can significantly slash $25 billion of student debt from a disastrous vocational education student loans scheme as part…
Winthrop and its predecessors (collectively, the “Winthrop Group”) possess the knowledge and experience to successfully manage NYRT through the liquidation process. The Winthrop Group has overseen as external advisor and manager five publicly traded REITs, more than 50 publicly registered syndicated limited partnerships and more than 300 privately syndicated limited partnerships. The Winthrop Group was…