African Gold Group Announces Board and Senior Management Restructuring and Name Change as It Moves Into the Construction Phase – GlobeNewswire

Restructuring

June 15, 2020 00:01 ET | Source: African Gold Group, Inc. Danny Callow appointed as President and Chief Executive Officer; Scott Eldridge appointed as Non-Executive Chairman of the Board; Jan-Erik Back appointed as Vice-Chairman, Strategy of the Board; John Begeman appointed as Lead Independent Director of the Board; and Proposed change of name to Avion2…

Indonesian businessman accused of using almost US$2mln of state funds in local casinos – Macau Business

Gambling

An Indonesian businessman on trial for corruption allegations involving state-owned PT Jiwasrayas insurance and investment group is accused of having used more than Rp28.3 billion (US$1.9 million) in state funds to re-pay gambling debts in Macau, according to Antara News. Heru Hidayat, President Commissioner in PT Trada Alam Minera Tbk, a marine and terminal services…

Philippines casinos catering to illicit Chinese gamblers causing kidnappings in Manila – 9News

Gambling

Dozens of scantily dressed Filipina croupiers stand in booths shuffling cards in front of a webcam, their faces softly illuminated by professional lighting. Nearby, rows of Chinese nationals sit at desks chatting on cellphones with potential clients back in China. This is what a typical POGO — or a Philippine Offshore Gaming Operator — looks…

Developing economies borrow more despite debt relief initiative – Financial Times

Debt Help

Emerging economies have raised more than $83bn through the international bond market since the beginning of April, just weeks after a push by the G20 to offer many poorer nations debt relief. Data collated by the Institute of International Finance, an industry association, show that developing economies are financing their coronavirus-driven deficits by accessing the…

Potential ‘avalanche’ of small company wind-ups looms – The Australian Financial Review

Bankruptcy

Treasurer Josh Frydenberg and his department, financial regulators, banks, business groups and insolvency practitioners are consulting on the planned roll-off of the measures. One suggestion has been to extend by a few months the moratorium on directors being liable for insolvent trading, or to prolong the time companies have to respond to demands from creditors…