Insolvency Guardian Media Centre
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A Dunedin recruitment agency has been put into liquidation owing more than $500,000 amid “brutal” conditions in the job market.
DKW Personnel (Dunedin) Ltd ceased trading and was placed into liquidation in May.
The liquidator’s six-monthly report, made public last week, estimated the total shortfall to creditors at $540,942.
A preferential claim was received from the Inland Revenue Department for $340,658.
“It [is] unlikely that there will be sufficient funds available in the liquidation from which a dividend to unsecured creditors can be paid. However, investigations are still ongoing,” liquidator Robin Crimp, of RAC Insolvency Ltd, said.
The company’s sole director, listed as Rani Rangimoekau, did not respond to a request for…
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Facebook App: Open links in External Browser
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REVEALED: Latest business liquidations in Brisbane The Courier Mail
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Fuel prices to go up Rs2.56/litre as ECC tightens auto import rules, PIA gets bailout
ISLAMABAD:
The government on Tuesday banned the import of used cars under the baggage scheme and tightened restrictions for the other two schemes, including a minimum three-year stay abroad, restricting competition for foreign firms in breach of commitments made to the International Monetary Fund (IMF). The Economic Coordination Committee (ECC) of the Cabinet, which tightened the conditions for car imports, also allowed the Power Division to add Rs522 billion to the flow of circular…
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Governor Janet Mills is calling a student debt relief program she championed a huge success.
The governor’s office says it’s given more than $140 million in debt relief to Mainers in the past three years.
The Maine Legislature approved the program in 2022.
It reimburses up to $2,500 per year through a resident’s state tax return.
That covers a $208 monthly payment.
Governor Mills’ office says under the program relief to student loan borrowers has essentially doubled.
CLICK HERE to learn more about the program and to find out if you’re eligible.
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Ron Crouch Transport (RCT), a longstanding regional freight carrier with a 47-year history, has been placed into voluntary administration, with Managing Director Geoff Crouch describing the decision as one made “with the heaviest of hearts.”
In a statement issued yesterday, Crouch stressed the move was a voluntary step taken to provide clarity for employees, customers and suppliers as the business deals with mounting industry pressures.
“Whilst I love and have a passion for the Australian transport industry, as we all know it is a tough one that takes no prisoners,” he said.
Crouch cited challenging economic conditions, sustained pressure on freight rates, an ongoing driver shortage and “the never-ending burden of…
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- Calls for affordable international financing, innovative instruments as Ditwah recovery needs intensify
- Aims to enable rapid recovery and rebuilding with greater resilience, without the country falling off the debt cliff
- Warns country cannot shoulder the cost after one of its worst economic crises and a slow but steady recovery underway
| UNDP Resident Representative Azusa Kubota |
United Nations Development Program (UNDP) has called on international partners to provide affordable financing and recovery instruments for Sri Lanka, warning that the country cannot absorb additional debt to rebuild after Cyclone Ditwah, which flooded 1.1 million hectares and exposed 2.3 million…