Award-winning IT company collapses into voluntary administration – SmartCompany.com.au

An IT distribution company that has operated for almost 20 years has collapsed into voluntary administration. Altech Computers was established in 1997 and has offices and warehouses in Sydney, Melbourne, Brisbane, Adelaide, Perth, Auckland and Hong Kong. The business featured in BRWs Fast 100 for several years between 2004 and 2006, coming in at number…

Chinese State-Owned Shipping Company Declared Bankrupt – Caixin Media

(Beijing) A major Chinese state-owned container shipping company has been declared bankrupt after it struggled to repay debts of 8.45 billion yuan ($1.25 billion). The Hangzhou Intermediate People’s Court in Zhejiang province granted Zhejiang Ocean Shipping Co. Ltd.’s application to liquidate, according to a court document viewed by Caixin. Zhejiang Communications Investment Group Co. Ltd.,…

‘Total hypocrite’: Bob Day sales manual infuriates families – The Sydney Morning Herald

Family First senator Bob Day wrote a book about sales in which he emphasised the importance of keeping promises to customers, delivering products on time and avoiding the distractions of a second job. Families brought to the brink of financial ruin by Senator Day’s failed Home Australia building company have labelled him a “total hypocrite”…