Council raises issue of NPL surge at SFIs Relief packages seen skewing real figures Visitors peruse housing loans at the GH Bank booth at Money Expo 2019.(Photo by Patipat Janthong) Chatchai Sirilai, chairman of the Government Financial Institutions Council, has flagged concerns about spikes in bad loans among specialised financial institutions (SFIs) after their debt…
Eleanor Temple, chair of R3 in Yorkshire Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, comments on Fridays publication of the Governments monthly corporate and individual insolvency statistics for May: Todays figures show corporate insolvency numbers declined between April and May of this…
BUSBY Contracting’s liquidation is set to be wound up by the end of this year as its debts have blown out to almost $5 million. The company, which went into voluntary liquidation in February 2018, claims the liquidation was a result of under-quoting liquidation of associated major debtors and flooding of its project sites. It…
Pavement has filed for voluntary administration, citing 2020 as a year of difficulties for many retailers. The childrens clothing retailer has appointed Pitcher Partners, Andrew Yeo and Gess Rambaldi as administrators. We get customers who are totally obsessed with the brand, who send their mothers and grandmothers in with the instruction that they can buy…
A scion of one of Britains richest families who spent 50 million on his daughters wedding has been declared bankrupt with debts of more than 130 million, The Times can reveal. Pramod Mittal, 64, appears to have lost a fortune while becoming embroiled in an investigation into organised crime. His familys mansion in Mayfair, central…
A scion of one of Britains richest families who spent 50 million on his daughters wedding has been declared bankrupt with debts of more than 130 million, The Times can reveal. Pramod Mittal, 64, appears to have lost a fortune while becoming embroiled in an investigation into organised crime. His familys mansion in Mayfair, central…
by German Press Agency – DPA Jun 28, 2020 10:20 am Lufthansa’s biggest shareholder, Heinz Hermann Thiele, has said restructuring the German airline could take five to six years, in comments to the Bild am Sonntag newspaper published Sunday. It was announced Thursday that the German government will take a 20% stake in Lufthansa, clearing…
Rugby Australia is expected to start laying off staff as early as this week after finally completing its 2019 financial report. The heartbreaking decision to cut jobs looms as the only way the cash-strapped code can survive in the future even after getting the thumbs up to continue operating from its accountants KPMG. Despite being…
by German Press Agency – DPA Jun 28, 2020 10:20 am Lufthansa’s biggest shareholder, Heinz Hermann Thiele, has said restructuring the German airline could take five to six years, in comments to the Bild am Sonntag newspaper published Sunday. It was announced Thursday that the German government will take a 20% stake in Lufthansa, clearing…