Impact of Paul Y’s liquidation ‘manageable’: govt

A long-standing construction firm, Paul Y. Engineering Group, on Friday had its provisional liquidation application approved by the court. The High Court has now appointed a provisional liquidator for Paul Y’s five subsidiaries to handle debts and formulate a restructuring plan. The government said while the 78-year-old company is undertaking a number of public works…

Impact of Paul Y’s liquidation ‘manageable’: govt

A long-standing construction firm, Paul Y. Engineering Group, on Friday had its provisional liquidation application approved by the court. The High Court has now appointed a provisional liquidator for Paul Y’s five subsidiaries to handle debts and formulate a restructuring plan. The government said while the 78-year-old company is undertaking a number of public works…

Closures surge as insolvencies skyrocket

In a concerning trend, Western Australia has witnessed a staggering 42 per cent increase in business insolvencies, with more than 1000 businesses collapsing between January and December last year. The alarming statistic, revealed by recent analysis, underscores the dire straits faced by small business owners in the state. The construction and hospitality sectors have borne…