After months of public consultations and revision, the Singapore parliament passed the Companies (Amendment) Bill (the “Bill“) on 10 March 2017 amending the Singapore Companies Act (the “Companies Act“). The Bill contains, among others, significant and novel changes to Singapore’s insolvency laws. This is no doubt a giant step towards positioning Singapore as…
By Corina Pons and Eyanir Chinea | CARACAS Venezuela’s central bank is negotiating about $500 million in financing with a New York-based investment fund by using PDVSA bonds as collateral to help meet almost $3 billion in debt payments coming due in April, a lawmaker said on Monday. The bank began talks with U.S. investment…
Over the past several years, Jack Remondi, chief executive of student loan giant Navient Corp., has gone out of his way to tout the companys devotion to helping Americans cope with student debt. Hes mentioned it in meetings with investors, on calls with Wall Street analysts, in testimony before Congress, and even on his Medium…
The average income tax refund $2,860 for tax year 2015, according to the Internal Revenue Service could be a big help in staying on top of those bills. “Paying down debt should be your No. 1 priority,” said Odysseas Papadimitriou, chief executive of comparison site WalletHub.com. More from Your Money Your Future:NBA’s Draymond Green: I…
Credit card firms told to do more to help millions in debt 3 April 2017 From the section Business Image copyright Thinkstock Credit cards firms must do more to help millions of customers in persistent debt, the financial regulator has said. The Financial Conduct Authority (FCA) has published proposals that could mean credit card companies…
Image copyright Thinkstock Credit cards firms must do more to help millions of customers in persistent debt, the financial regulator has said. The Financial Conduct Authority (FCA) has published proposals that could mean credit card companies cancelling any interest or charges in extreme cases. Firms would have to work more closely with people in debt,…
Caffeine and napping have something in common. Both make you feel alert and can enhance your performance, whether that’s driving, working or studying. But some people are convinced that drinking a coffee before a nap gives you an extra zap of energy when you wake up. How could that be? Is there any…
Caffeine and napping have something in common. Both make you feel alert and can enhance your performance, whether thats driving, working or studying. But some people are convinced that drinking a coffee before a nap gives you an extra zap of energy when you wake up. How could that be? Is there any evidence to…
Struggling small and medium-sized enterprises (SMEs) would benefit from an umbrella organisation to coordinate the restructuring of debt, according to registered charity Credit Counselling Singapore president Kuo How Nam. The proposed organisation would work with all the creditors involved to assess the financial situation of the SME and develop a reasonable and practical restructuring plan.…
SMART City’s Diploma of Counselling was supposed to be Amy Waghorne’s ticket to a better life. The 29-year-old Toowoomba resident made personal sacrifices to try to complete the vocational course over 14 months, driving 450km a week to study while also caring for two relatives. Now Ms Waghorne and dozens of other students have been…