I lost thousands gambling … then tried to kill myself: One lost her home and husband. Another borrowed money for bets from her son. As the number of female problem gamblers in Britain tops 75,000, four victims share their desperate stories Number of problem female gamblers in the UK hasrisen by a third in five…
The country’s loan restructuring program has reached nearly Rp 1 quadrillion (US$70.5billion) as borrowers reel from economic downturn during the pandemic. The Financial Services Authority (OJK) reported Friday the amount of restructured loans was recorded at Rp 987.48 trillion as of Feb. 8, involving 101 banks. Some 39.3 percent are from 6.15 million small business…
Australian Fashion Labels has been acquired by a group of private investors, the company has shared. Australian Fashion Labels entered voluntary administration on January 6th 2021. The purchase includes the collective view to bring back employees, who were the heart of the company and grow further jobs in the fashion industry. This acquisition includes the…
* Sudan struggling with long economic crisis * Currency reform paves way for aid, debt relief * Dollar trade in banks still subject to restrictions * Black market currency activity has plummeted By Nafisa Eltahir, Khalid Abdelaziz and Patrick Werr KHARTOUM, March 3 (Reuters) – Sudans devaluation of its currency last month, a long-awaited step…
Highlights Freeport East go-ahead ‘delivers on PM’s words’ Plan to help decarbonize Sizewell construction site Buses, then trucks, trains, vessels the first use cases London Ryse Hydrogen plans to install a 6 MW electrolyzer at the Sizewell nuclear site in Suffolk as a launchpad for mass production of low carbon hydrogen in and around the…
Medical debt is piling up for Americans but how do you handle it without ruining your credit? (iStock) No doubt about it,Americans are drowning in medical debt. One recent study indicated that 137 million Americanswere battling onerous medical debt- and that was just before the coronavirus pandemic rolled into the U.S. Another more recent study…
Ian Defty, partner at Begbies Traynor and insolvency advisor at Integrated Dispute Resolution. By Ian Defty, partner at Begbies Traynor and insolvency advisor at Legal Futures Associate Integrated Dispute Resolution. It is fair to say that there has, for many years, been a difference of opinion between the law governing personal insolvency and matrimonial law…
by Mary Swire, Tax-News.com, Hong Kong 03 March 2021 The Inland Revenue Authority of Singapore has updated its guidance on the tax requirements for companies being liquidated and those under receivership. Companies that have commenced voluntary or compulsory liquidation will have a liquidator appointed by the company or the Court. The liquidator is required to…
An Airbus A-350 aircraft sits on the tarmac at Suvarnabhumi airport on Wednesday. (Photo by Somchai Poomlard) The Finance Ministry, the largest shareholder of Thai Airways International Plc, signalled its support for a restructuring plan that includes raising fresh capital, a temporary freeze on repayment of borrowings and slashing its workforce by half to return…
Greensill Capital, the once high-flying financial company that counts former prime minister David Cameron as an adviser, is preparing to file for insolvency in the UK. People familiar with the matter said that the filing will allow private equity firm Apollo Global Management to buy parts of the business out of administration, in a prepack…