Papua New Guinea’s only electricity provider is insolvent and more than $1.5 billion in debt, as insiders describe the situation as “hopeless” and “untenable”. PNG Power is the national electricity company in Papua New Guinea, a country where fewer than one in five people have access to mains power. The government-owned company was set up…
Become a Vogue Business Member to receive unlimited access to Member-only reporting and insights, our Beauty and TikTok Trend Trackers, Member-only newsletters and exclusive event invitations. Canadian retailer and indie fashion favourite Ssense has filed for bankruptcy protection, the company said on Thursday. The company is filing an application with Canada’s Companies’ Creditors Arrangement Act,…
KUALA LUMPUR (Aug 28): The defence in Lim Guan Eng’s Penang undersea tunnel case attacked the credibility of key witness Datuk Seri G Gnanaraja in court on Thursday. At the Sessions Court, lawyer Ramkarpal Singh highlighted that Gnanaraja is bankrupt, quizzing the businessman for owing his former lawyers Messrs Dennis Nik & Wong more than…
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G Gnanaraja told Lim Guan Eng’s corruption trial that he was declared bankrupt last year. KUALA LUMPUR: A businessman told the sessions court during Lim Guan Eng’s undersea tunnel project trial that he had to “get things done” for the then Penang chief minister, following an alleged request to open a bank account. G Gnanaraja…
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REVEALED: Latest business liquidations in Moreton Bay The Courier Mail Read the original article here
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. 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…
New Delhi: Resurgent India Special Situations Fund has moved the Mumbai bench of the NCLT, filing an application to initiate insolvency proceedings against Future Consumer. Future Consumer in a regulatory filing earlier this week said: “The company would be making appropriate representation”. Read the original article here