SINGAPORE – Catalist-listed Chaswood Resources Holdings said on Monday (Nov 20) its wholly-owned Malaysian subsidiary has started restructuring proceedings on RM22 million (S$7.18 million) of credit facilities. Under the proposed debt restructuring, the unit, Chaswood Resources Sdn Bhd (CSRB), is holding discussions with its principal lenders – CIMB Bank Berhad, Malayan Banking Berhad and AmBank (M) Berhad…
Queensland Treasurer Curtis Pitt says state debt will hit $81 billion over the next term of government, but insists it’s not a problem for the state’s economy. It comes as a poll of six marginal electorates ahead of the November 25 Election Day finds voters believe the Liberal National Party are better economic managers than…
Queensland Treasurer Curtis Pitt says state debt will hit $81 billion over the next term of government, but insists it’s not a problem for the state’s economy. The ballooning debt has become an election issue, with LNP leader Tim Nicholls being criticised for not explaining how he will fund promises while also reigning in debt.…
General Electric Co.s new leader outlined a restructuring plan that will slash the annual dividend by $4 billion and streamline the industrial giants operations, but warned investors it will take years to fix some of the companys businesses and for profits to begin to improve. GE Chief Executive John Flannery lowered earnings targets for 2018…
Video PlayerClose By Maria Spiliopoulou, Alexia Vlachou, Valentini Anagnostopoulou ATHENS, Nov. 19 (Xinhua) — Faced with a dual crisis in recent years, the massive refugee influx and the debt drama, the Greek state has found critical aid in UNICEF and other local NGOs specializing in the protection of children’s rights. Through multi-level cooperation, strives have…
If there is one word everyone is afraid of, its bankruptcy. But is it as bad as we think it is? We ask an expert to debunk the myths. With more than 16,000 people declaring bankruptcy in Australia every year, it is possibly a lot more common than you would think. However, considering how easy…
November 19, 2017 David Keohane in Paris Listen to this article Play audio for this article Pause 00:00 00:00 This is an experimental feature. Give us your feedback. Thank you for your feedback. What do you think? Ill use it in the future I dont think Ill use it Please tell us why (optional)… Read…
Lower taxes and higher public expenditure could widen budget deficit in 2017-18, but steps taken by the government to broaden the tax base and improve spending efficiency would help in narrowing it going forward, US-based rating agency Moody’s said. In an interview to PTI, Moody’s Investors Service V-P (Sovereign Risk Group) William Foster said the…
Tax provisions, legal jurisdiction worry those interested in acquiring sick firms Mumbai, November 19: Corporate houses vying for stressed assets under the NCLT-led process have expressed deep concern over grey areas in the new Insolvency and Bankruptcy Code, even as the deadline nears for the submission of expressions of interest (EoIs). While banks are gearing…
More than five years have passed since the former pharmacy czar and horse racing identity, Rohan Aujard, filed for bankruptcy. But his financial penury is not about to end any time soon. Horse racing played a big part in Nathan Tinkler’s downfall, but not for Rohan Aujard. Photo: Jenny Evans For those whose memories have dulled with time, Aujard probably attracted more press…