NZX-listed CBL Corporation has appointed voluntary administrators to prevent other regulators from taking action after the Reserve Bank moved to have interim liquidators take charge of its subsidiary CBL Insurance, managing director Peter Harris says. “That means that everything from hereon operates under a protective umbrella of voluntary administration,” Harris told the Herald. Harris said…
Image for representation Access to easy loans, credit cards and a stable income while empowering can also lull you into a false sense of financial security. It may lead you to a borrowing overdrive to fulfil long-held desires. You could end up in a situation where your monthly expenses and loan instalments add up to…
In the United States online crowdfunding has been called the “sad, dark future of healthcare”. But what does it mean in Australia, where the public system is meant to stop people falling through the cracks? On GoFundMe, one of the internet’s largest crowdfunding platforms, Australians have raised more than $145 million for personal causes. Even…
In my early 20s, fresh out of university and in my first professional job, I acquired several credit cards. I took out a Visa card from my bank for little more reason than the vague notion that it was part of being an adult, useful for emergencies and to establish a credit rating. It seemed…
As State Owned Enterprises (SOEs) continue to struggle under severe financial pressure, perhaps it is time for them to consider business rescue to alleviate continued financial distress and to avoid potential personal liability of directors who continue to run these companies and rely on the inevitable call up of a government guarantee. This is according…
Paulin Basinga is the Country Director of Bill and Melinda Gates Foundation in Nigeria, a major international donor supporting development in several sectors in the country. As the head of the operations of the Foundation in Nigeria, Mr. Basinga works in close collaboration with government at the federal and state levels, and development…
Insolvency Bankruptcy Board asks for comments on contents of Request for Proposal (RFP) New Delhi, Feb 24 (KNN) The Insolvency and Bankruptcy Board of India (IBBI) has invited public comments on contents of Request for Proposal (RFP), a release from Ministry of Corporate Affairs informed. An RFP is an invitation for resolution plans from…