Kitchen Deposit Scammers Shut Down Amid Phoenix Fears

Customers complained they did not receive the kitchens they had paid deposits for to Smart Choice Kitchens Limited and Empire Kitchens and Bathrooms Limited A phoenix company, Connect Kitchens Limited, was suspected of being set up to continue the same operation The three companies, connected by a shared director, were shut down in court following…

Trade Ministry Denies Its Import Relaxation Causes Sritex to Go Bankrupt

Jakarta. Trade Minister Budi Santoso has denied that the recent ministerial regulation on import relaxations had caused the downfall of Indonesia’s textile giant Sri Rejeki Isman (Sritex). The Semarang commercial court recently declared Sritex bankrupt, thus potentially causing 50,000 people to lose their jobs. Earlier this year, then-Trade Minister Zulkifli Hasan issued a ministerial regulation…

Access Denied

Access Denied You don’t have permission to access “http://www.business-standard.com/finance/news/ibbi-proposes-coordinated-insolvency-resolution-for-interconnected-entities-125020501177_1.html” on this server. Reference #18.19b42e17.1738754963.3aeb211a https://errors.edgesuite.net/18.19b42e17.1738754963.3aeb211a Read the original article here