STATE-backed development financial institution Bank Pembangunan Malaysia Berhad is facing a massive legal rebound after the majority shareholder of Aries Telecoms initiated a sweeping civil action seeking up to RM2 billion in damages over the controversial liquidation of the strategic infrastructure company. The high-stakes lawsuit, filed by Open Fibre Sdn Bhd in the Kuala Lumpur…
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A “rusted on” Sunshine Coast business has gone into administration, ending four decades of trade. Beach Beat’s operating company, Purple Corridor Pty Ltd, was placed into voluntary administration on June 2, according to a notice lodged with the Australian Securities and Investments Commission (SASIC). The brand’s three stores, located at Caloundra, Coolum and Alexandra Headland,…
Ofgem and Ofwat failing to ensure firms support customers in debt Utility Week Read the original article here
The Song Company to enter liquidation Limelight magazine Read the original article here
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…
Bill debt soars but many don’t know help is available BBC Read the original article here
Billions of pounds are owed to water, broadband, and energy companies by customers – the majority of whom are unaware that support is available. More than £7bn in bills and charges was owed by March last year, the UK’s spending watchdog said, but estimates suggest that total has grown since. One pensioner told the BBC…
Linda, aged 70, said she was embarrassed enough about her debts – amounting to hundreds of pounds – to want to remain anonymous. “I could afford my bills before, but I’m really struggling now. I’ve never been in debt before,” she told the BBC. “I’m repaying in instalments, but the debt is not going down.”…
Millions unaware of available support with household bills as debt soars – NAO London Evening Standard Read the original article here