Three Auckland Ray White agencies go into liquidation owing $5.3m to creditors including IRD

“The company [all firms] experienced a prolonged decline in trading performance arising from adverse market conditions. Sales volumes for Auckland central apartments declined materially from pre‑Covid levels. “Sale prices remained stagnant or reduced, resulting in a sustained decrease in commission income,” the report noted. “The company’s core market was disproportionately impacted by increased remote working…

MSMEs need more help, not more debt

Last week Prime Minister Anwar Ibrahim made an important social media post recognising the challenges of micro, small and medium-size enterprises (MSMEs). I am a neighbour of the prime minister and like him I see the same nasi lemak seller who opens at 5am daily. Her stall is on Jalan Sungai Long, next to the…

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IMF says treasuries losing premium, warns on debt management

(April 16) :The International Monetary Fund warned Wednesday that the escalating scale of US debt issuance is undermining the premium Treasuries have commanded from investors, with implications for government securities across the globe. “The increase in the US Treasury security supply is compressing the safety premium that US Treasuries have traditionally commanded — an erosion…