Businesses are also enjoying deferrals on almost 300,000 loans while a range of state government fees, charges and payroll tax have been paused or waived. Loading Once this support ends, many businesses are expected to discover they cannot continue or will have to shed staff to remain viable. The government is looking at measures to…
July 03, 2020 08:00 ET | Source: Epiq NEW YORK, July 03, 2020 (GLOBE NEWSWIRE) — Epiq, a global leader in legal services, released the June 2020 bankruptcy filings statistics today from its AACER business. Notably, commercial Chapter 11 filings are up 43% over June of last year, with 609 new filings, up from 424…
Indonesia is running out of time to rescue its businesses from the impact of the coronavirus pandemic, and banks should immediately ramp up promised working capital loan disbursement to bolster the economy, businesspeople have said. Indonesian Chamber of Commerce and Industry (Kadin) chairman Rosan Roeslani said the implementation of one of the governments stimulus programs…
The former company behind a Lancashire pub has been ordered to pay more than 25,000 after it was found it unfairly sacked one of its employees. Leyland Park Ltd, which had been trading as the Withy Arms Leyland up until June 2019, has been told to pay up 25,567.46 after former company employee John Travill…
3 July 2020, 14:57 | Updated: 3 July 2020, 14:58 Chief executive Craig Hassall has warned the history venue is in grave danger. Picture: Kevin Nixon/Classic Rock Magazine/Future via Getty Images According to reports, the iconic venue will run out of funds by its 150th anniversary in March 2021 if action isn’t taken. The Royal…
Wheres Kathy Jackson when you need her during a pandemic? Its a cry Gadfly hears frequently as he gallivants around a boarded-up nation, so its timely to present a handy updated guide to events. Kathy was the national secretary of the Health Services Union of Australia, the outfit that represents a massive number of people…
The hottest luxury and A List news When it comes to Londons richest men, they dont come much wealthier than Lakshmi Mittal. With a fortune estimated at nearly 7 billion, the gods have been smiling on the tycoon who built his riches buying and building steel factories around the world. Indeed, when he was born…
QUEENSLAND companies are collapsing by the dozen as the nation’s businesses head towards an economic cliff when COVID-19 support ends. In the final month of the financial year, 63 Queensland companies collapsed into liquidation or administration. The numbers remain below the average monthly collapses, which hovered around 100 per month prior to COVID-19. Liquidator Brendan…
Before rushing into another round of borrowing, developing countries should consider another option that has long been staring them in the face. By taking the steps needed to connect untapped sources of wealth to the global economy, the developing world can finally start to accumulate capital instead of liabilities. LIMA Faced with the effects of…
Mayfair 101s IPO Wealth declared voluntary administration and appointed administrators from Cor Cordis in an attempt to prevent its trustee, Vasco, to prevent a fire sale of its assets. But the Supreme Court of Victoria has now decided that it was appropriate for Vasco to appoint receivers from insolvency firm Dye & Co a move…