Bangkok Post – SCB, ttb expecting debt relief scheme to expand
PUBLISHED : 28 Feb 2025 at 04:00 Small Medium Large (Photo: 123RF) Siam Commercial Bank (SCB) and… Read the original article here
Metropolitan Sacco now insolvent, declares State – Nation
Metropolitan Sacco now insolvent, declares State Nation Read the original article here
Federal Court Drops Truth Bomb: Your Gambling Debts Are Just Fancy IOUs
Subscribe to our FREE Newsletter, or Telegram and WhatsApp channels for the latest stories and updates. When it comes to gambling in Malaysia, the house doesn’t always win.
North Carolina Gamblers Could Soon Deduct Losses Under New Tax Proposal
Gamblers in North Carolina are being hit with taxes even if they break even or lose money. A new bill aims to change that. GREENSBORO, N.C. — A little-known North Carolina tax rule is hitting gamblers forcing them to pay taxes on their winnings, even if they lost just as much along the way. Under…
Indonesian textile maker declared insolvent with $2.1bn in debts
Companies More than 12,000 Sritex workers to lose jobs in blow to nation’s manufacturing sector One of Indonesia’s largest textile manufacturers was declared insolvent on Friday after a long legal battle over liabilities of $2.1 billion. More than 12,000 workers will lose their jobs. (Photo by EPA/Jiji) ISMI DAMAYANTI February 28, 2025 19:37 JST JAKARTA —…
Metropolitan Sacco declared insolvent; members lose billions in savings
Troubled Metropolitan Sacco has been declared insolvent. This was announced by the Commissioner for Co-operatives David Obonyo who said that the Sacco would require Sh7 billion to resume normal operations. “Metropolitan Sacco is technically insolvent and that is a fact. The little amount that we were able to spot and outrightly felt was mismanaged was…
NCLAT sets aside insolvency process against Cafe Coffee Day’s parent company
The National Company Law Appellate Tribunal (NCLAT) has set aside an order of the National Company Law Tribunal (NCLT) that allowed corporate insolvency resolution process (CIRP) against Coffee Day Enterprises Ltd (CDEL), the operator of the Cafe Coffee Day chain. A two-judge panel of the Chennai bench of the NCLAT, comprising Judicial Member Justice Sharad…
At G20 meeting, African leaders launch initiative calling for debt relief package for emerging economies
JOHANNESBURG – Global finance institutions are again under pressure to reform as Africa uses G20 to address the continent’s challenges. Top of the list is the high debt burden carried by emerging economies, who are slapped with high debt servicing costs. ALSO READ: – Former African heads of state call for urgent action to address…
What This Means For The Grocery Aisle
DENYSOFF/Shutterstock An icon of American orange juice is facing a money crisis. According to Debwire (via CNN), Tropicana Brands Group, whose eponymous orange juice brand is one of the best, has recently suffered a 10% loss in quarterly income and a 4% quarterly revenue loss. The consistently lagging…
NCLAT Sets Aside Insolvency Process Against Cafe Coffee Day's Parent Company – Moneylife
NCLAT Sets Aside Insolvency Process Against Cafe Coffee Day’s Parent Company Moneylife Read the original article here