Two Chinese nationals were yesterday tried at Phnom Penh Municipal Court over their involvement in kidnapping three fellow nationals to extort money from their families over unpaid gambling debts. Presiding judge Seng Leang identified the accused as Ding Chunyaun, 55, the owner of the Blue Casino in Poipet City and Zhang Qian Giang, 34. Mr…
Caterpillar Inc. continued to benefit in the third quarter from the combination of increased overall sales and comparisons with a weaker performance a year ago. The company, with a railroad-equipment production plant in Winston-Salem, reported Tuesday significantly increased domestic and global sales in its construction, energy and mining units. Third-quarter net income jumped more than…
A former director of a failed Victorian dairy business has told a court hearing into the company’s collapse that she had no experience in the dairy industry and did not understand her obligations as a company director. Key points: Violetta Esposito questioned over money transferred from dairy company which was used for cosmetic surgery…
THERES been a bit of good news around Boolaroo lately. In August, $2.2 million in federal funding was announced for a 700-metre extension of Munibung Road to link the suburb with Cardiff. Just a few days ago, the NSW Court of Appeal found in favour of Bunderra Holdings, the developer of a residential estate on…
The federal government has tabled a bill to amend Australia’s bankruptcy laws that could see the mandated bankruptcy period cut by two years. The bill, which was tabled for hearing in the senate last week, would see bankrupt individuals discharged from bankruptcy after a one-year period, rather than three years. Individuals would no longer be…
SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Carlisle Companies Incorporated (NYSE:CSL) reported record net sales of $1,089.1 million for the third quarter ended September 30, 2017, a 9.9% increase from $991.0 million in the third quarter of 2016. Acquired net sales contributed a total of 5.3% in the quarter. Organic net sales grew 4.4% (organic net sales are defined as…
The Financial Conduct Authority is considering whether it can take action against Royal Bank of Scotland over the way it treated its small business customers in the five years after the 2008 banking crisis. Publishing a summary of a report it commissioned on the banks controversial global restructuring group (GRG), the FCA said lending to…
The Government today confirmed Stoke-on-Trent teachers will benefit from a pilot scheme to pay off part of their student debts. It will initially target teachers specialising in science or modern foreign languages to help ease recruitment and retention problems. The full details have yet to be released, but eligible teachers will be reimbursed for at…
Kolkata, October 24: A public announcement inviting claims against Nicco Corporation Ltd, whose liquidation has been ordered by the National Company Law Tribunal (NCLT), has been released. According to Vinod Kothari, the liquidator appointed for Nicco, this will help determine the amount payable by the company. Defaults on loans Nicco, a specialised cable-maker, defaulted on…
PKBR Staff Writer Published 24 October 2017 West African glass producer Frigoglass has completed the restructuring process of the group. The restructuring process has allowed the company to reduce its outstanding gross indebtedness by around 138m. Frigoglass also secured 70m of additional liquidity to fulfill its business requirements, as well as restructuring-related expenses. According to…