THE concept of rebirthing old car brands is back with Dutch sportscar brand Spyker announcing it will start production of a new range from next year using money from a Russian oligarch. The brand confirmed this week it was being backed by SMP Racing and BR Engineering, both offshoots of SMP Bank of Russia founder…
The COVID-19 pandemic and ensuing surge in demand forfinancial aid has helped highlight the true value of one specialist lenders flexible offering, according to the non-banks head of broker. MoneyPlaces unique business model allows us to personalise each individual loan to fit the customers profile, explained Moneyplace’s Alf Vasta. This can be incredibly helpful in…
Royce Kurmelovs swears there was no car coming. But there was. He hit it. His car spun out into three lanes of traffic. “It was a perfectly ordinary day to be quite frank and it was also possibly one of the worst in my life,” he says. The crash would push his personal finances to…
Customers wait to be served at a branch of Siam Commercial Bank in Bangkok. Many borrowers are still faced with heavy debt burdens amid the coronavirus outbreak, with most having been pressured by diminishing income and lower debt-servicing ability. In the wake of worsening economic conditions aggravated by the virus crisis, both regulatory bodies and…
Arts viewed as fundamental to SA economy Rooftop solar threat to grid requires holistic response Businesses turn to councils as local economies battle virus SA collagen drink is beauty in a bottle Corporate Ladder: your weekly guide to executive appointments A grace period designed to save businesses from going under during the coronavirus pandemic is…
A grace period designed to save businesses from going under during the coronavirus pandemic is being extended until the end of the year. Temporary relief measures for businesses in financial distress were due to expire in less than 30 days. Treasurer Josh Frydenberg and Industrial Relations Minister Christian Porter confirmed the insolvency and bankruptcy protections…
RBI set to announce one-time loan restructuring guidelines soon |  Photo Credit: BCCL New Delhi: The Reserve Bank of India is set to announce the financial parameters. In his interview with CNBC Awaaz, RBI Governor Shaktikanta Das said that banks can extend the loan moratorium by 3, 6, or even 12 months under the one-time restructuring.…
Finance Minister Nirmala Sitharaman last week asked banks and NBFCs to roll out one-time loan restructuring scheme for Covid-19 related stress by September 15 TopicsIndian Banks|Bank loans|Aviation industry Banks may restructure loans of more than Rs 10 trillion largely attributed to 5-6 critical sectors, including aviation, commercial real estate and hospitality, that have been severely…
Michael Jordans Hornets have fired first-season radio commentator John Focke for mistakenly tweeting the N-word when he thought hed typed Nuggets into his cell phone. Focke was typing on the fly, trying to keep Hornets fans on top of an NBA game. Unless Jordan and company believe the preposterous that out of the blue, for…