A 12-year-old boy was just metres from his home when a strange man jumped from a dark Jeep, shoved a jacket over his head and dragged him into the vehicle. A costume mask was crammed on to the boy’s head and his vision marred by duct tape over the eye holes on the afternoon of…
PIL SS Teo-led Pacific International Lines (PIL) has detailed how it intends to restructure and carry on business, urging noteholders to avoid pushing for a liquidation of the under pressure liner company. PIL has already received $112m to tide it over from Heliconia Capital Management, a unit of Singapores sovereign wealth fund, Temasek Holdings. In…
Legislation setting out reforms to Australias insolvency framework has now been introduced into Parliament. The Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 has now been introduced, laying out significant changes that the government contends will help small businesses restructure and survive the economic impact of COVID-19. The reforms are set to kick in from 1…
By Lucy MartinBBC News, Singapore image copyrightGetty Images Would you pay money or even go into debt to get a job? For many migrant workers in Singapore, it’s common practice to pay a fee or incur a debt for the chance to secure work in the city-state. There are more than 350,000 foreigners working in…
Robert Charles/Stuff Energy City Cabs went into voluntary liquidation on November 10. One of Taranaki’s longest running taxi companies has gone into liquidation, but you may not notice much difference. Energy City Cabs, known for their jingle wanna cab, need a cab, get a cab to go , have ceased operating in Taranaki and went…