A recent trend that has emerged in South African businesses shutting their doors is to opt for the path of business rescue, as opposed to liquidation. While many believe that a business rescue process is only implemented to stall a liquidation, thereby also frustrating the creditors of a company, this is not the case. Business…
Katie Price has her hands full with bagloads of bargains from Poundland. The mum of five was once worth 45million thanks to a hugely successful modelling career, TV shows, books and endless product endorsements. But now it looks like she is checking the Pricey of things a little more carefully after a change in her…
Business News of Saturday, 17 November 2018 Source: 3news.com The Central Bank, Bank of Ghana Officials of the Central Bank involved in alleged misconduct leading to the collapse of some indigenous banks are being investigated, 3news.com has gathered. Most of them will be sacked if the allegations against them are found to be true. On…
Paul ODonoghue, IrelandBusiness Reporter It was hoped that the turbines would prove the technology of OpenHydro, co-founded by Brendan GilmoreNICOLAS JOB An Irish-made turbine deployed in Canada in July to help test the viability of tidal technology was damaged beyond repair after only two months. Dublin-based OpenHydro was one of the first companies to attempt…
Auditor General Edward Ouko has said the East Africa Portland Cement Company (EAPCC) cannot pay its debts. The companys books have deteriorated rapidly over the past one year, pushing it Sh2 billion further into insolvency. ALSO READ: Billions gobbled up by Nairobi County, audit reveals The groups current liabilities exceeded its current assets by Sh6…
“PECO has remained untouchable.” Rich families have always lorded over the countrys regional economy, as those with vast landholdings and businesses in the provinces dominate the local economy, usually with their huge agri-industrial businesses migrating to public services. Such is the case for the Cacho family of Iloilo, the majority owner of the controversial…
CORPORATE RECOVERY (INSOLVENCY) LAWYERS NQ+ LEEDS CITY CENTRE Competitive Salary Package HJ303 One of the Norths top Corporate Recovery teams is looking to expand. Working with a range of sectors including sport, retail and professional services this team advises on both contentious and non-contentious personal and corporate insolvency matters. There is plenty of variety: from…
Wan Azizah holds up the Financial Behaviour for Quality Lifetime book after launching AKPKs inaugural Financial Literacy Symposium 2018 while AKPKs chairman Anuar Mohd Hassan (left) and chief executive officer Azaddin Ngah Tasir (right) look on. Bernama photo KUALA LUMPUR: The Malaysia Department of Insolvency says 64,632 Malaysians aged between 18 and 44 have been…
Personal injury claims boss jailed for 21 months after fraudulently removing company funds in the months before the courts would make a winding-up order resulting in the closure of the business. Bury-based Darren Christopher Bullough appeared at Bolton Crown Court on Wednesday 14 November after he pleaded guilty to one count of fraudulently removing funds…
Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail speaks at the Financial Literacy Symposium in Petaling Jaya November 15, 2018. Picture by Miera Zulyana KUALA LUMPUR, Nov 15 The Malaysia Department of Insolvency says64,632 Malaysians aged between 18 and 44have been declared bankrupt over the last five years. Additionally, 13,338 have also beendeclared…