A notorious casino in Laos is at the center of a police investigation into a shootout that resulted in the deaths of four Chinese nationals. Earlier this month, Lao police reported being called to the Kings Romans Casino in the Golden Triangle Special Economic Zone near the intersecting borders of Thailand and Myanmar. According to…
(Ecofin Agency) – The International Monetary Fund announced in a July 20 statement it has agreed to write off up to$7.6 million of Burundis debt. The move aims to help the country face the coronavirus crisis and the socio-economic challenges that came with it. It is part of the Catastrophe Containment and Relief (CCR) Trust,…
Company insolvencies are forecast to rise sharply in the UK over the coming months as government support measures are unravelled. Begbies Traynor, the insolvency specialist, warned businesses were facing the double whammy of accruing liabilities and the withdrawal of state support schemes. I expect well see numbers of insolvencies in excess of what we saw…
It took two years to build an office for my marketing consultancy, and now, my team might be out of it in a few months. If this seems like an extremely quick pivot, that’s because it is. But what Ive learned as a CEO (and in life in general) is that its important to always…
Downer EDI shares went into a trading halt yesterday to allow the company to start a $400 million capital raising as part of a revamp of the company. Downer said that the revamp includes plans to acquire 100% ownership of Spotless group and plans to sell off capital-intensive businesses like mining contracting and laundry. As…
Mohammed al-Jadaan, Saudi Arabia’s minister of finance, wears a protective mask as he attends a virtual meeting of G-20 finance ministers and central bank governors July 18, 2020. Advocates say they are disappointed the G-20 meeting did not yield as much help for desperately poor nations struggling during the COVID-19 pandemic as hoped for, and…
On 26 June 2020 the Corporate Insolvency and Governance Act 2020 (the Act) came into force, introducing a number of permanent reforms to English insolvency and restructuring law. Among these reforms is a restriction on the effectiveness of certain termination clauses in contracts for the supply of goods and services where a counterparty enters an…
SINGAPORE (Reuters) – London-based Nithia Capital Resources Advisors LLP is seeking to acquire troubled Singapore commodity trader Agritrade International Pte Ltd (AIPL) and its shares in its Hong Kong-listed subsidiary, according to a source familiar with the matter. FILE PHOTO: The financial district is seen shrouded by haze in Singapore September 18, 2019. REUTERS/Feline Lim/File…
Katie Price told a bankruptcy hearing she has lost everything as she spoke about being burgled and attending the Priory. The former glamour model, who was declared bankrupt in November last year, has had average recent monthly earnings of 45,000, a court heard. She joined a hearing at the insolvency and companies court at the…
One of Australias most forward-thinking advisory firms – CEO Strategic -has partnered with a private financier to offer eligible companies financial assistance in restructuring their businesses in the wake of the Covid-19 pandemic. Daniel Fah, a director at CEO Strategic, said, Businesses emerging from the carnage of COVID,having been unable to trade or trading at…