Royal Queensland Aero Club was founded in 1910, making it one of the oldest aero clubs in the Southern Hemisphere. 28 Mar 2016 Royal Queensland Aero Club (RQAC), which lays claim to being the oldest aero club in the Southern Hemisphere, has gone into voluntary administration. Chairman of the Board Cliff Hefner sent out an…
The Ministry of Economy said it finished an assessment on the implementation of corporate governance principles and private management in state-owned enterprises (SOEs) under the Government Decision 109/2011. Out of the 114 companies that were analyzed, only 11 percent have fully implemented the corporate governance. This process was started in another 18 percent of the…
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Local news St. Thomas V.I. retirees and future retirees need to start preparing themselves now for much smaller pension payments than they anticipated, because the trust fund will evaporate. There are no good options left to prevent this from happening and it may well reach a crisis point a year or two before the oft-cited…
Heritage FA Limited which marketed and sold colored diamonds and other commodities to the public for investment has been ordered into liquidation on the grounds of public interest, according to a press release from the Insolvency Service. An investigation found that vulnerable and elderly individuals were being targeted and aggressively sold investments…
GMR Group firms have entered into an agreement with its partners to divest 51% stake in its joint venture running a road project in Karnataka. The deal will help GMR Group pare debt by Rs 1,077.97 crore and enhance liquidity by Rs 85 crore. “GMR Highways and GMR Infrastructure have signed a share purchase agreement…
The U.S. Department of Education announced today that students who were defrauded at 91 former Corinthian Colleges Inc. (Corinthian) campuses nationwide have a clear path to loan forgiveness under evidence uncovered by the Department while working with multiple state attorneys general. These campuses represent the largest group of borrowers eligible for loan relief so far…
Scott M. Himes and Brent Weisenberg In today’s investment world, private equity firms, investment managers and other investors often acquire a substantial interest in a business and, as a consequence, earn the right to put “their people” on the company’s board. That person then becomes a “dual fiduciary”someone with fiduciary obligations to his or…
Editorial St. Thomas V.I. retirees and future retirees need to start preparing themselves now for much smaller pension payments than they anticipated, because the trust fund will evaporate. There are no good options left to prevent this from happening and it may well reach a crisis point a year or two before the oft-cited 2025…