Business insolvencies in Ireland hit their highest level in six years according to research by PwC. Insolvencies increased by 16 per cent, although they came in below expectations as the fourth-quarter saw a drop off in company collapses. The total figure for 2024 was 852, which was well shy of PwC’s forecast that insolvencies would…
Birmingham’s city center is thronged by empty lots with unfinished and unstarted building projects, like this one in the Deritend area. In 1890, an American journalist named Julian Ralph traveled from New York to Birmingham, an industrial powerhouse lying squarely in the center of England, and found it to be “the best-governed city in the…
Source: Business Times Article Date: 28 Dec 2024 Author: Tay Peck Gek This comes after the family agreed to pay US$3.5b to the court-appointed liquidators of the company and top creditor HSBC. Hin Leong’s founder Lim Oon Kuin and…
There was a lower than expected number of business insolvencies recorded during 2024 as upward trends towards the end of the year slowed, new figures published by accountancy firm PwC shows. During the course of 2024, PwC had been projecting there to be over 900 business insolvencies recorded by the end of the year. However,…
Elon Musk, Tesla CEO and tech billionaire, has recently expressed concerns about the US economy, warning that the nation could face bankruptcy “super fast” without significant intervention. Musk made the comments on The Joe Rogan Experience, voicing concerns about the US national debt which has reached a staggering $36.17 trillion and the growing burden of…
The court has declared the Zeeland transhipment company Bulk Terminal Zeeland (BTZ) bankrupt. The company, which operated a transhipment terminal in Quarleshaven in Vlissingen-Oost, recently had to shut down due to suspicions of involvement in drug trafficking. Last week, it became evident that bankruptcy was imminent. The company was granted a moratorium on payments, a…
Former tycoon Lim Oon Kuin has been declared bankrupt in Singapore, following the collapse of his oil trading empire. The name of the founder of Hin Leong Trading Pte. and his children Lim Huey Ching and Lim Chee Meng were listed as having been issued a bankruptcy order on Dec. 19, the government gazetteshowed. The…
Dem-run city may go bankrupt thanks to public sector pension scheme MSN Read the original article here
Council wanting £52-a-year amenity charge writes off £922k taxpayers’ cash Stoke-on-Trent Live Read the original article here
Jakarta – Indonesian textile giant Sri Rejeki Isman is contesting a court decision that declared it bankrupt as the company owner pledges to keep its factory open and see through the revival of the business. Sritex, as the company is more commonly known, filed an appeal on Oct 25, requesting a review of the local…