THE Federal Governments $2 billion injection into the WA Budget is set to save the States taxpayers from more pain, with Treasurer Ben Wyatt saying the extra cash will help slash debt and deficit. As Liberal MPs used the GST overhaul as a rallying cry ahead of a looming Federal election, the State Government may…
Currently, just 4 percent of employers offer student debt assistance. But that’s changing as more employers come to realize education debt is a problem for many of their workers, said Katie Berliner, account executive at YouDecide, a benefits firm. “In order to attract and retain talent, employers are looking at offering contributions to people’s student…
Second-in-charge This undated photo shows HNA Group co-chairman Wang Jian who fell to his death in France. Photo: HNA Group via AP Wang was second only to Co-Chairman Chen Feng within HNA’s hierarchy, and owned about 15 per cent of the conglomerate, making him one of the group’s biggest shareholders, according to HNA’s last update…
Second-in-charge Wang was second only to Co-Chairman Chen Feng within HNA’s hierarchy, and owned about 15 per cent of the conglomerate, making him one of the group’s biggest shareholders, according to HNA’s last update of its ownership structure. Chen also holds a 15 per cent stake. HNA said last year that its executives plan to…
Banks and other lenders are being urged to do more to help consumers in a debt trap thanks to mounting credit card bills. The financial watchdog ASIC says it expects card providers to identify people in difficulty after finding 18.5 per cent of cardholders were behind in repayments, could make only the minimum repayments or…
KUALA LUMPUR: Perdana Petroleum Bhd (PPB) is expected to submit a plan to manage its debts within 60 days after getting help from Corporate Debt Restructuring Committee (CDRC) of Bank Negara to negotiate with its lenders. The company, in a filing with Bursa Malaysia today, said it had received the approval from CDRC on July…
Banks and other lenders are being urged to do more to help consumers in a debt trap thanks to mounting credit card bills. The financial watchdog ASIC says it expects card providers to identify people in difficulty after finding 18.5 per cent of cardholders were behind in repayments, could make only the minimum repayments or…
Banks and other lenders are being urged to do more to help consumers in a debt trap thanks to mounting credit card bills. The financial watchdog ASIC says it expects card providers to identify people in difficulty after finding 18.5 per cent of cardholders were behind in repayments, could make only the minimum repayments or…
Almost one in six people struggle with credit card debt, and balance transfers don’t always help cut the amount of interest consumers pay, the financial regulator says. A review carried out by the Australian Securities and Investments Commission to be released on Wednesday shows 18.5 per cent of consumers are struggling with credit card debt.…
One in five credit card holders are struggling to make repayments, while honeymoon rates to lure customers to new cards can create a “debt trap”, the corporate regulator has warned in a broadside that calls on banks to take steps to ensure customers aren’t lumbered with prolonged, high-interest credit card debt. After the banking royal…