Teamnet files for insolvency – ACTmedia

Wednesday, March 22, 2017 Romania’s Teamnet, which has been involved in a corruption scandal over contracts for IT services, has filed for insolvency on Monday, according to data posted on the justice ministry’s website quted by seenews.com. The IT company filed for insolvency at Prahova county court, data showed. “At this moment we are working…

China-financed projects to help Malaysia avoid debt trap – South China Morning Post

By Chester Tay The multiplier effect from China-financed infrastructure projects will help keep Malaysia clear from the kind of debt crisis faced by Sri Lanka currently. At a seminar by Singaporean research organisation Institute of Southeast Asian Studies yesterday, Affin Hwang Capital senior associate director on equity research Loong Chee Wei said as Malaysia shows…