Samart president Watchai Vilailuck Samart Corporation is embarking on a bold business and organisational restructuring to brace for digital disruption this year. The development is aimed at reducing operating costs, increasing profit margins and creating new recurring revenue, said president Watchai Vilailuck. “We project consolidated revenue of 20 billion baht in 2017, a strong recovery…
How VET FEE-HELP debt went from costing taxpayers $325m to $3b Karen Andrews is the fourth vocational education minister in the past year. Photo: Alex Ellinghausen Former Labor treasurer Wayne Swan says no such unit existed when he was deputy to prime ministers Julia Gillard and Kevin Rudd. Photo: Stefan Postles Education Minister Simon Birmingham.…
As part of the broader economic legacy of President Obama, from jobs to the stock market, one of the most notable changes has been the increase in the national debt. Based on quarterly data released by the US Treasury, the debt at the end of 2008 just before Obama took office stood at roughly $10,699,805,000,000.…
HUNDREDS of mining jobs look likely to be created this year as two key projects move toward construction. Both the Baralaba Coal Company and QCoal are expected to commence mining operations that will offer up to 400 and 565 jobs respectively once they reach operational stage. The Baralaba Coal Company is expected to start mining…
HUNDREDS of mining jobs look likely to be created this year as two key projects move toward construction. Both the Baralaba Coal Company and QCoal are expected to commence mining operations that will offer up to 400 and 565 jobs respectively once they reach operational stage. The Baralaba Coal Company is expected to start mining…
Readers will recall that on 23 September 2016 we posted an article about recognition under the UNCITRAL Model Law on Cross-Border Insolvency (Model Law) of the Korean rehabilitation proceedings for Hanjin Shipping. After granting interim recognition of the rehabilitation proceedings in September 2016, the Federal Court granted final recognition orders on 11 November 2016. The…
HUNDREDS of mining jobs look likely to be created this year as two key projects move toward construction. Both the Baralaba Coal Company and QCoal are expected to commence mining operations that will offer up to 400 and 565 jobs respectively once they reach operational stage. The Baralaba Coal Company is expected to start mining…
After months of financial uncertainty, Avaya has filed for Chapter 11 bankruptcy protection to restructure its debt and business. For customers, the Avaya bankruptcy filing brings a greater sense of certainty, according to industry analysts. Avaya customers don’t need to start looking for alternative services right away, said Irwin Lazar, an analyst at Nemertes Research…
A mother and daughter face losing their 55,000 home after the High Court upheld objections by a financial services firm to her proposed personal insolvency arrangement. The PIA was opposed by Pepper Finance Corporation (Ireland) DAC, which acquired a debt of 151,975 secured on Sarah Hills home at Palmers Hill, Cashel, Co Tipperary. Ms Hill,…
Alan McIntosh Scottish consumers are not getting a fair deal. Their homes are being placed at risk because they are being denied solutions that are enshrined in legislation, writes Alan McIntosh. In 2010, when the black clouds of the credit crunch still overhung Scotlands homeowners, the Scottish government formed the Debt Action Forum which had…