CHEMICAL Company of Malaysia Bhd (CCM) has emerged as a more nimble entity barely a year after its demerger with its former largest earnings contributor and 73.4%-owned subsidiary, CCM Duopharma Biotech Bhd (CCMD), which also continues to do well. CCMs net profit for the nine months ended Sept 30 (9MFY2018), was 25% lower year on…
Government has been prejudiced in excess of $3,5 billion by company directors who shut-down their firms in order to avoid payment of taxes only to re-establish themselves under different trading names. This was revealed by Finance minister Mthuli Ncube in the National Assembly last month during the debate on the Finance Bill. Ncube is proposing…
Britains household debt mountain has reached a new peak, with UK homes now owing an average of 15,385 to credit card firms, banks and other lenders, according to the TUC. The trade union body said household debt rose sharply in 2018 as years of austerity and wage stagnation forced households to increase their borrowing. The…
For the first time in our history, Australians have tallied up a staggering collective credit card debt of almost $30billion. The terrifying statistic was the result of frenzied Christmas shopping meaning many Aussie households are heading into 2019 with a financial hangover. According to a new forecast of Reserve Bank of Australia (RBA) data analysed…
THE boss of a castle where Peter Andre tied the knot has been disqualified from running a business for nine years after leaving customers 90,000 in the lurch. Richard Fuller, 56, was slapped with the ban after continuing to accept payments for the Exeter wedding venue Mamhead House despite knowing the company was insolvent. Twitter…
By Eliza Ronalds-Hannon and Lauren Coleman-Lochner Bloomberg News January 06, 2019 NEW YORK Sears Holdings Corp. is preparing a wind down after chairman Eddie Lamperts bid to buy several hundred stores out of bankruptcy fell short of bankers qualifications, people with knowledge of the matter said. Sears representatives summoned liquidation firms and other advisers to…