ADB urges Bangladesh to establish dedicated debt management office

The Asian Development Bank has recommended that Bangladesh establish a dedicated debt management office to improve oversight of public debt, warning that the country’s fiscal space is narrowing ahead of its graduation from least developed country (LDC) status in November. The recommendation was made in a comprehensive ADB assessment of Bangladesh’s governance and macrofiscal reforms,…

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Kyiv’s Premier Palace Casino declared bankrupt

The prominent Kyiv casino will be subject to a 12‑month liquidation. Ukraine.- The Kyiv City Commercial Court has declared Premier Palace Casino insolvent. It’s ordered a 12‑month liquidation, closing a bankruptcy hearing that began in April 2024. Multiple lower and appellate courts have upheld the legitimacy of creditor claims, which together amount to more than…

LiveLawBiz IBC Weekly Digest: May 18

Supreme Court Says Alleged ‘Hallucinated’ Citations By NCLT-NCLAT In Essel Infraprojects Case Under Examination Case Title : POOJA RAMESH SINGH vs JAMMU AND KASHMIR BANK LTD & ANR Case Number : CIVIL APPEAL No. 11950 of 2025 The Supreme Court on Tuesday said allegations that the NCLT and NCLAT relied on allegedly fake citations in…

SADC pushes for regional self-reliance amid energy, debt and migration pressures

Southern African Development Community (SADC) leaders have called for greater regional self-reliance, collective investment and deeper economic integration as the region confronts mounting geopolitical and economic pressures. This emerged during a media briefing at the conclusion of the SADC Ministers of Foreign Affairs Retreat held at Skukuza in the Kruger National Park, where ministers and…

Americans are ‘entrenched’ in financial stress

Economic conditions like gas prices well above $4 a gallon, according to AAA estimates, and annual inflation nearing 4%, per the Bureau of Labor Statistics, are pushing Americans’ financial stress levels higher. The National Foundation for Credit Counseling expects Americans’ economic stress levels to tick back up in the second quarter of the year after…